How and why did it arise?
From 2015 onwards, a group of developers and miners began to be dissatisfied with the limitations of Bitcoin and the strategies that were being used for the growth of cryptocurrency.
On August 1st, 2017, the Bitcoin Cash (BCH) fork occurred, removing the SegWit upgrade and increasing the block size from 1 to 8 megabytes.
But, what is fork?
In practical terms, you take a picture of any movement history and transport it to a new cryptocurrency. The old private keys will still work, however you can change a lot of things in the source code, including the amount of coins to be issued. Therefore, there is no change in the old cryptocurrency. The fork is nothing more than a clone.
What are the differences to Bitcoin?
8-meg limit: This means that in the same block, more transactions can be performed;
Different mining algorithm;
Upgrades are performed every 6 months;
Verification barriers every 10 blocks;
Absence of SegWit upgrade, allowing transaction signatures within blocks to be separated;
What's improved?
The source code of Bitcoin Cash is very similar to Bitcoin. That way, any Bitcoin innovation can be instantly incorporated into Bitcoin Cash.
The team of developers and supporters is closer and more aligned, so there is a greater ease in reaching consensus on decisions.
Bitcoin Cash has a greater capacity, avoiding the emergence of transactions that are left for the next block. In other words, transactions tend to be made more quickly.
About the future
The Bitcoin Cash Fund (BCH) continues to expand its market share. The latest agreement with YeeCall has over 33 million users connected to the global financial system.
Many payment sites, such as Checkout and BitPay, have started accepting payments in Bitcoin Cash.The trend is that many companies and stores will accept cryptocurrency as a form of payment.
It is the opinion of many experts that the price of Bitcoin Cash (BCH) could close the year 2020 at $2,000. More conservative speculations put the BCH at a price closer to $1,100 by the end of this year.
