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First of all I would you like to intro my self myself Arsal Rajpoot 🙂 and I start my journey recently on noise cash recently then read cash which is a huge platform to earn money 💲 and spent your daily life time on this web

This app is very bit little web to improve your skills and I would you told all of you am not a writer so little bit mistake ignore 😜 I would write to enhance over skill

So I start the history of BCH

The need to accommodate an increasing count of transactions per second contributed to a push by some in the community to create a hard fork to increase the block size limit.

The push came to a head in July 2017 when some members of the bitcoin community include roger ver felt that adopting BIP 91 WITHOUT increasing the block size limits favoured people who wanted to treat bitcoin is a digital investment rather than as a transaction all currency .Bitcoin cash supporter compared to bit coin .were more committed to a medium of exchange function .this push by some to increase the block size met a resistance .since it's inception up to July 2027.bit coin user had maintain a common set of rules for the cryptocurrency . eventually a group of bitcoin activists investor .

Unit and divisibility

The unit of account of the bit coin system is a bitcoin .ticket symbol used to represent bitcoin are BTC and XBT it's unicode character is $ small amount of Bitcoin used as alternative unit are miliii bit coin and satoshi.Named in home page to bitcoin creater a Satoshi is the smallest amount within bitcoin representing bitcoin.one hundred millionth of a bitcoin a miliibitcoin is equal one thousandth of a bitcoin or Satoshi

Bitcoin Block chain

The bitcoin Block chain is a public ledger that records a bit coin transaction .it is implement as a block chain block each block containing a hash of the previous block up to the genesis block of the chain .a network of communities rode running bitcoin software

Maintain the block chain

Transaction of the form payer send X And Y bitcoin to paye Z are broadcast to this network using available software application .

Network nodes van validate transaction add them to their copy of the ledger .and then broadcast these ledger addition to other nodes .to achive independent verification of the chain of ownership each network mode stores it own copy of the blockchain .At varying Interval of time averaging to every ten minutes .a new group of accepted transaction called a block is created added to the block chain and quickly published the all nodes

Ownership

In the block chain bitcoin are registered to bitcoin address . creating a bitcoin address required nothing more than picking a random valid private key and computating the corresponding bitcoin address .This compution can be done in a split second but the reverse computing the private key of a given bitcoin address is practically unfeasible .

User can tell other or make public a bitcoin address without compromise it's corresponding private address

More ever,the nmbr of valid private key is so vast that is extremely unlikely someone will compute a key pair that is already in use and has funds .the vast nmbr of valid private key makes in unfesiible that brute force could be used to compused a private key .

The network verify the signature using the public key the private key is never revealed .

To ensure the security of bit coin the private key must be kept secret .if the private key is revel to a third party through a data beach .the third party. Can used but to steal any associatied bitcoin as of Dec. 2017around 980.000bitcoin have been stolen from cryptocurrency exchange .

Regarding ownership distribution as of 16,march 2018,0.5%per bitcoin wallet own 87%of all bitcoin ever minded

Mining

How would we can mine on bitcoin .

Mining is a record keeping service done through the user of computer processing power .Miner keep the block chain consistent complete and unalterable by repeatidly grouping newly broadcast

Transaction into a block which is then broadcast to the network and then verified by receptionist nodes .Each block contains a cryptographic harsh of the previous block thus linking it to the previous block and giving the block chain it's name .

The proof of work system alongside the chaining of block makes modification of the block chain extremely hard as an attackers must modified all subsequent block in order for the modification of one block to be accepted as new blocks are mined all the time,the difficulty of modifying a block increasing at time pasess and the nmbr of subsequent blocks also called confirmation of the block increasing day by day

Pooled mining

Computing power is often bundled together or pooled to reduce variance in minor income individual mining rigs often have to wait for long periods to confirm a block of transactions and received payment .in a pool all participate minner get paid everytime a participate server solves a block .This payment depends on the amount of the work and individual miner contribution to help find that block .

Wallet

A wallet store the information necessary to transact bitcoin while wallet are often describe as a place to hold or store bitcoin are insperaable from the block chain transaction ledger .

End

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