About Bitcoin cash

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3 years ago

In community: Cryptocurrency and Blockchain(7b7f)

Topics: Crypto games, Blockchain games, Club1BCH, Wallet, Crytocurrencies

Bitcoin Cash (BCH) forked from the Bitcoin (BTC) Network on August 1, 2017. BCH is a fork of bitcoin which allows for more transactions in each block. This allows for lower average fees and faster average confirmation times.

Where can I use Bitcoin Cash?

You can use Bitcoin Cash for payments with BitPay's consumer products, and you can use Bitcoin Cash to pay for things with most BitPay merchants.

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How do I pay a BitPay invoice with Bitcoin Cash?

To pay a BitPay Invoice with BCH, just follow the instructions in How To Pay guide. The steps are the same for Bitcoin Cash as they are for BitcoBCH (Bitcoin Cash) is a fork of Bitcoin (BTC). The total amount of supply, algorithm, block generation time, and difficulty adjustment mechanism are basically the same as Bitcoin. The main difference is the "block capacity". The current block capacity of BCH is 32 MB, while BTC is 4 MB (using SegWit). Learn moreThe Birth of BCH

best picture of bch

Bitcoin can only process about 7 transactions per second due to the limitation of transaction frequency and block size.

Around 2017, as the market value of digital assets continued to increase, BTC transaction fees also became higher and higher. Some developers in the BTC community, including Roger Ver and Jihan Wu, believe that if the block is not expanded, BTC will become a digital investment rather than as a transactional currency available to everyone.

More picture of bitcoincash

In order to solve the problem of high transaction fees, two camps appeared at that time: the Bitcoin Core team chose the "SegWit" + "Lightning Network" scheme; while the camp represented by Roger Ver and Jihan Wu insisted that increasing the block size limit is the only feasible solution.

So BCH forked at block 478558, August 2017, when the block size was 8M (32M today) .BCH Trading

You can get BCH in various ways. The easiest way is to buy. There are many cryptocurrency exchanges on the market that allow you to buy BCH, but users need to choose the preferred exchange according to location and payment method.

Before buying BCH, try to understand the purchase methods & risks here, so that you can complete the purchase process in a safer and quicker way.

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XExchanges that support the purchase of BCH

Coinbase

Binance

HuobiBCH Address Format

BCH has three address formats: Cash Address, Legacy Address and BitPay Address. ImToken currently supports Cash Address and Legacy Address.

AshCash Address (Recommended)

BCH developers launched Cash Address and promoted it in the community. Cash Address address format:

Here you can see the address of bch wallet..

bitcoincash: qqeht8vnwag20yv8dvtcrd4ujx09fwxwsqqqw93w88.

The prefix bitcoincash indicates the network type, which can be added or not added, and does not affect the transfer.

ELegacy Address

BCH is derived from the hard fork of BTC. It inherits the address format of BTC. This type of address is called a Legacy address. It starts with 1/3 and is case sensitive. Many exchanges use addresses beginning with 1.BCH Vision

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As a peer-to-peer electronic cash, BCH aims to enable new economies with low fee micro-transactions, large business transactions, and permissionless spending.

Here you know about BCH wallet and more information about BCH

BCH Wallet

BCH wallet can help manage your BCH assets, including balance inquiry, transfer, etc ... The most important component for a wallet is the private key. Once you control the private key, you can control the assets at the corresponding BCH wallet address.

AlWallet

imToken on Mobile - Provide secure and trusted digital asset management services to millions of users

imKey Hardware Wallet - Safe and easy to use, protect your digital asset and say no token theft from now on!

EfBefore creating a wallet, please learn and-

how to backup your wallet.

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