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
Cryptocoins News / The Cointelegraph β - 2 years ago
Bitcoin (BTC) bounced back from ten-month lows on May 11 as the start of Wall Street trading gave bulls some relief.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewOne day, $860 million more crypto liquidationsData from Cointelegraph Marke...
Bitcoin News / Bitcoin.com - 2 years ago
Bitcoin Cash is preparing to include two significant improvements in its upcoming upgrade. Programmed to happen on May 15, the Bitcoin Cash Improvement Proposals (CHIPs) approved to be included are CHIP-2021-03, which brings bigger script integers to...
Cryptocoins News / CoinJournal - 2 years ago
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More / Bitcoin Reddit - 2 years ago
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,...
Cryptocoins News / CoinJournal - 2 years ago
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial...
Cryptocoins News / CoinJournal - 2 years ago
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial...
Cryptocoins News / CoinJournal - 2 years ago
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial...
Cryptocoins News / CoinJournal - 2 years ago
Bitcoin Cash (BCH) looks poised to maintain its overall bearish outlook. The coin is facing significant downward pressure as sentiment in broader crypto remains uncertain at best. Although BCH has largely been trading sideways over the last few weeks...
by COINS NEWS - 2 years ago
I think many of you would consider Ethereum Classic a terrible investment, considering (1) it was the result of a hack, and (2) the hacker still has their bags of ETC available, which they periodically dump on unsuspecting investors. Bitcoin Cash doe...
Cryptocoins News / The Cointelegraph β - 2 years ago
A fraudulent statement claimed that Bitcoin Cash would be accepted at over 2,000 grocery stores in the United States. Disclaimer: This article initially reported that...
Cryptocoins News / CoinJournal - 3 years ago
The Bitcoin Cash (BCH) token has generated 4% returns in the past 24 hours and the coin could rally soon if the bulls establish control
The Bitcoin Cash token has crossed the $600 barrier and the token is trading at the $626 level at the time of writ...
Cryptocoins News / CoinJournal - 3 years ago
The Bitcoin Cash (BCH) token is displaying signs of consolidation near the $600 region&
The Bitcoin Cash token has seen a & steady rise in volumes that began at the $578 level and the token is displaying strong signs of consolidation in the...
Bitcoin News / Bitcoin.com - 3 years ago
The world’s largest movie exhibition company, AMC Entertainment, has announced its plan to accept cryptocurrencies by year-end. AMC CEO Adam Aron says the entertainment giant will accept bitcoin, ether, litecoin, and bitcoin cash.
AMC Prepares...
Bitcoin News / Bitcoin.com - 3 years ago
Localcryptos, the noncustodial P2P cryptocurrency market, has added bitcoin cash to its platform. This is the fifth cryptocurrency the platform has taken on for P2P transactions after having rebranded from Localethereum. The market will leverage the...