Am a complete newbie to the world of crypto currency, and all i have heard about was Bitcoin and Ether. It was my coming to read.cash that i learnt of a crypto currency called Bitcoin cash. Admittedly, i don't really yet know much about how crypto currency works, this lead me on a research about Bitcoin cash. Here in read.cash am earning Bitcoin cash and I don't really know what it is, that must be crazy. Hence i have to go for a research about Bitcoin cash and why it usage. In case there is anyone who don't also know why Bitcoin cash, below are my findings
Bitcoin cash was develop as a solution to the problem of scaling and increase in speed of transaction verification process which was a major central problem of the Bitcoin network. With Bitcoin cash the amount of data needed to be verified in become smaller, thus creating transactions that are faster and cheaper, and the same time making the blocks of data bigger, so that more information can be processed at one time. Bitcoin Cash (BCH) made crypto currency easier to access and used.
Bitcoin cash is clearly different from Bitcoin. BCH has its own blockchain and specifications, and an important distinction from bitcoin. Bitcoin cash has an increase block size of 32MB to speed up the verification process regardless the numbers of transactions on the network. This is a major set back with Bitcoin block which is limited to 1MB.
Bitcoin cash is able to process transaction or payments more quikly than the Bitcoin network. What this means is that wait time are shorter and transaction processing fees tend to be lower. The Bitcoin cash network can handle many more transactions per second than the Bitcoin network.
Just my findings. Happy earning Bitcoin cash.
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You could have read the articles already posted here about bitcoin cash. I will follow you for sure.
See underneath your post. Something went wrong with the photos?
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