Bitcoin Cash
Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity. Bitcoin Cash intends to be a Bitcoin without Segregated Witness (SegWit) as soft fork, where upgrades of the protocol are done mainly through hard forks and without changing the original economic rules of the Bitcoin.
Bitcoin Cash (BCH) is released on 1st August 2017 as an upgraded version of the original Bitcoin Core software. The main upgrade is the increase in the block size limit from 1MB to 8MB. This effectively allows miners on the BCH chain to process up to 8 times more payments per second in comparison to Bitcoin. This makes for faster, cheaper transactions and a much smoother user experience.
Why was Bitcoin Cash Created?
The main objective of Bitcoin Cash is to to bring back the essential qualities of money inherent in the original Bitcoin software. Over the years, these qualities were filtered out of Bitcoin Core and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development. The result is that Bitcoin Core is currently unusable as money due to increasingly high fees per transactions and transfer times taking hours to complete. This is all because of the 1MB limitation of Bitcoin Core’s block size, causing it unable to accommodate to large number of transactions.
Essentially Bitcoin Cash is a community-activated upgrade (otherwise known as a hard fork) of Bitcoin that increased the block size to 8MB, solving the scaling issues that plague Bitcoin Core today.
Nov 16th 2018: A hashwar resulted in a split between Bitcoin SV and Bitcoin ABC
Bitcoin News / Google News Bitcoin - 4 weeks ago
Bitcoin Cash Rallies Ahead of Upcoming Halving and Upgrade β Market Updates Bitcoin News& & Bitcoin.com News
Cryptocoins News / CoinJournal - 4 weeks ago
Cryptocurrencies were relatively mixed on Wednesday as investors waited for the next catalyst. Bitcoin remained above $70,000 as buyers attempt to retest its all-time high. Some of the other top-performing cryptocurrencies were Mantle (MNT), Sui, Bit...
Bitcoin News / Bitcoin.com - 1 month ago
Roger Ver, an early Bitcoin investor, has decided to continue supporting Bitcoin Cash (BCH) over Bitcoin (BTC) despite an invitation from Blockstream CEO Adam Back to rejoin the Bitcoin community. Ver criticizes layer two blockchain solutions, like B...
Bitcoin News / Google News Bitcoin - 1 month ago
Roger Ver Rejects Blockstream CEO's Invitation, Remains Loyal to Bitcoin Cash Over BTC β News Bytes Bitcoin News& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 1 month ago
Roger Ver, an early Bitcoin investor and author of the recently released book “Hijacking Bitcoin: The Hidden History of BTC,” has decided to continue prioritizing Bitcoin Cash (BCH) over Bitcoin (BTC) despite an invitation from...
Bitcoin News / Bitcoinist - 1 month ago
After Bitcoin (BTC) reached a new high above $70,000 on March 8th, crypto enthusiasts are preparing for an altcoin season by investing in new and promising presale projects. On-chain data shows that more Bitcoin Cash (BCH) and Polygon (MATIC) holders...
Bitcoin News / Google News Bitcoin - 1 month ago
Bitcoin Mega Whale Resurfaces, JPMorgan Expects BTC Price to Drop, Bitcoin Cash Soars 40%, and More β Week in ...& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 1 month ago
A significant bitcoin “mega whale” moved 3,000 vintage bitcoins from 2010 as BTC peaked at $69,210. JPMorgan predicted a post-halving drop in bitcoin’s price to $42,000, citing current euphoria levels. Meanwhile, bitcoin...
Bitcoin News / Bitcoin.com - 1 month ago
On Saturday, March 2, the valuation of bitcoin cash witnessed a significant increase, climbing over 40% within a 24-hour span to reach a peak of $451 each. This upward trend is attributed to the anticipated halving event, set to happen in 16 days, an...
Bitcoin News / Google News Bitcoin - 1 month ago
Bitcoin Cash Soars 40% in 24 Hours as Market Eyes Upcoming Halving and Adaptive Block Size Upgrade β Market ...& & Bitcoin.com News
Bitcoin News / Google News Bitcoin - 1 month ago
Bitcoin Cash Soars 40% in 24 Hours as Market Eyes Upcoming Halving and Adaptive Block Size Upgrade& & TradingView