Little knowledge about BCH

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Avatar for Ladyv28
4 years ago

Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Fork in crypto means, situation that "occurs when two or more blocks have the same block height, they split, this means that Bitcoin cash is a subsidiary of bitcoin

Bitcoin Cash is an altcoin that was created in 2017. In 2018 Bitcoin Cash subsequently split into two cryptocurrencies: Bitcoin Cash, and Bitcoin SV.

How was bitcoin cash created

Bitcoin was created due to push by bitcoin activist, investors and entrepreneurs. This push by some to increase the block size met a resistance. Since its creation up to July 2017, Bitcoin users had maintained a common set of rules for the cryptocurrency.

Ultimately, disagreement set in between these investors which led to a split and Bitcoin cash was created.

The price of Bitcoin cash according to Bitcoin.com as at the time of writing this article

Bitcoin cash is part of the top 5 crypto currencies, with the price rising fast.

The supply limit for Bitcoin cash is 21,000 000 just like Bitcoin, this regulates Bitcoin cash mining and maintains its value. Bitcoin Cash is sometimes also referred to as cash.

Just like other crypto currency, the price of Bitcoin varies, the more investors invest, the higher the value.

This is my entry to the contest by @Arnavaria you can join the contest. Link to the contest https://read.cash/@Arnavaria/writing-contest-about-bch-08b2a780

#BCH.

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Avatar for Ladyv28
4 years ago

Comments

You made the first entry to this contest.Thanks for it.Hope people encourage and start writing about it😍 Best of luck for the result.

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4 years ago

Thank you

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4 years ago