- Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix onchain 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 CreatedThe 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 communityactivated 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.
Summary of the coin Bitcoin Cash
market value (Market Capital) Ranked 14
Current Price: 460.40 $USD (-3.94%) highest price statistics: 3,785.82 $USD total number of coins(Supply): 21,000,000.00 coin circulated (Circulated): 19,688,240.52 coin
{"commentics_url":"\/\/titdoi.com\/commentics\/comments\/","page_id":4225354,"enabled_country":false,"country_id":0,"enabled_state":false,"state_id":0,"enabled_upload":false,"maximum_upload_amount":3,"maximum_upload_size":5,"maximum_upload_total":5,"securimage":true,"securimage_url":"\/\/titdoi.com\/commentics\/comments\/3rdparty\/securimage\/securimage_show.php?namespace=cmtx_4225354","cmtx_wait_for_comment":"cmtx_wait_for_comment","lang_error_file_num":"A maximum of %d files are allowed to be uploaded","lang_error_file_size":"Please upload files no bigger than %.1f MB in size","lang_error_file_total":"The total size of all files must be less than %.1f MB","lang_error_file_type":"Only image file types are allowed to be uploaded","lang_text_loading":"'Loading","lang_placeholder_country":"Country","lang_placeholder_state":"State","lang_text_country_first":"Please select a country first","lang_button_submit":"add comment","lang_button_preview":"Preview","lang_button_remove":"delete","lang_button_processing":"please wait a moment..."}
Clicking Accept All Cookies By signing up, you agree to storing cookies on your device to improve site navigation. Analyze site usage and assist in our marketing
comment
comment