It is a project in constant development by the community, and that allows the existence of different alternatives, like Bitcoin Cash, which provides a high level of security and effective transactions.īitcoin Cash offers a strong currency to the world, fulfilling the initial promise of Bitcoin as digital money from user to user. Although Bitcoin is the first cryptocurrency in the world and the one with the highest value, this doesn’t mean that it’s the safest and the most effective when making transactions. This allows the miners of the BCH chain to process more payments per second, providing faster and cheaper transactions and much smoother user experience. The main improvement offered by Bitcoin Cash is an increase in the block size limit to 8 MB.
BCH is an improved version of the BTC software. So, as they did not agree, Bitcoin was divided into two different currencies and that is how Bitcoin Cash was created, being supported by miners who wanted to have bigger blocks.īitcoin Cash shares the block history of the base cryptocurrency, but like all hard forks, it uses a different blockchain. Miners wanted Bitcoin to use bigger blocks in order to allow more transactions, but users and developers wanted to implement an upgrade, called Segregated Witness (SegWit), so more transactions could fit in each block. There were two parties, the first one was created by Bitcoin miners, and the other one was made up of the Bitcoin community.
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This is the first “hard fork” (bitcoin blockchain software update), resulting of a series of disagreements between miners about the update, that’s why the Bitcoin Blockchain endured a division of bitcoin blockchain. What is Bitcoin Cash?īitcoin Cash (BCH) is a cryptocurrency derived from Bitcoin, which appeared due to a hard fork produced in BTC which was established at the end of block 478558 on August 1, 2017. We have already made a list of BSV storage services, now it is time to find the best Bitcoin Cash wallet together with Guarda.
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BCH became somewhat of a trending topic after the November Hard Fork – a radical upgrade that divided the blockchain into two competing coins.
Bitcoin Cash Wallet Review | Best BCH Walletīefore operating Bitcoin Cash, the users need to think of a secure place to store it in.
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