1. What is Bitcoin Cash?

Bitcoin Cash is a hard fork of Bitcoin that is supported by the biggest Bitcoin mining company and a manufacturer of ASICs chips.

The proposal to change the name of bitcoin (Bitcoin Classic) to Bitcoin Cash was created by a Chinese developer. The removal of “Classic” and adding “BCash” was disguised as the PoW method of mining, which is a much better method than the Proof of Work which the majority of bitcoiners feel is too wasteful and slow. For newcomers, the blocksize is the size of the transactions the whole blockchain can accommodate. What’s very important to remember is that the blockchain becomes full every 10 minutes as the network consumes all the unused computational power and memory from mined blocks. Full nodes include all verified input data in their chain and all outputs. Full nodes ensure that any double spending is detected by other full nodes. Since full nodes mine blocks in parallel, smaller nodes cannot keep up and also cannot officially serve third-party services (ex. buying bitcoin). Merely for sending a payment to someone else, a 3MB limit seems useless and archaic compared to the hundreds of megabytes available in Bitcoin Core blockchain.

Side note: A better way to consensus is Ethereum’s PoW and PoS.

In contrast to Bitcoin Core, Bitcoin Cash allows for significantly more storage capacity. Only 340 MB of block storage capacity is available. Most lite clients don’t use this much and instead use 8–12MB and up to 40MB. Using the same amount of storage would probably be much more efficient for Bitcoin than serving connections from China, which has lots of bandwidth. Therefore, it would be advantageous to switch from Core to Bitcoin Cash if you are not planning to run a lite client.

2. How to buy Bitcoin Cash?

Bitcoin Cash is a cryptocurrency that was created in August 2017 as a hard fork of Bitcoin. It is similar to Bitcoin, but it has bigger blocks and has a different mining algorithm. In order to buy Bitcoin Cash, you will need to own Bitcoin first. If you don’t have any Bitcoin yet, there are 3 ways you can buy it:After a few days, you will have to send $20 or more in Bitcoin Cash to the wallet address 1AP7idXwNu4WnwoyZjLXkP9hvagSz1sa and your Bitcoin Cash will be credited to your CPP / Kiwi balance. CPP and Kiwi are currently the only accounts that allows purchasing Bitcoin Cash. Although most people started thinking it is a pump and dump, it has actually performed very well and is one of the fastest cryptocurrencies. It started its huge value increase and also has very low transaction fees. There were several people who wanted to buy it to make a quick profit.

To buy Bitcoin Cash, now you need to open a wallet and send some money in $20 or more. All you need to do is create an account, claim some balances, send some money to the wallet address, and you’ll be able to buy Bitcoin Cash.

Although some people called their coins scams, there are some legitimate people behind these coins. This one looks very promising. After a couple of weeks, after mining this coin, you will get a reward. The amount depends on how much computing power you have.

There are several mining algorithms that you can mine. To mine more, you need to buy more RAM or more GPU’s. Remember that the more an account can mine, the higher the reward. This tutorial will show you how you can buy Bitcoin Cash and also the process of mining it.

You can buy CC in any currency, but if you pay in Bitcoin, you need to buy it from Coinbase. Then, you’ll need to click more instructions and buy Bitcoin Cash from another exchange, such as Poloniex. When you click buy Bitcoin Cash, you’ll be able to proceed with the payment.

3. Why should I buy Bitcoin Cash?

Bitcoin Cash has been a controversial cryptocurrency since it was spun-off from the original Bitcoin blockchain at the beginning of August 2017. The main reason why the community split was because the developers and miners of Bitcoin Cash wanted to increase the block size limit to 8MB from 1MB in order to allow more transactions to be processed at any given time.However, the majority of Bitcoin users seem to have agreed with the change, with some arguing that all blockchain startups need to follow an overly strict set of rules in order to get off the ground. The ongoing drama was similar to the one which erupted a few years ago regarding Bitcoin Core, as the community and developers sent mixed messages of support and opposition towards Bitcoin Cash. Then a certain technological advancement happened, which led to different opinions spreading like wildfire.

The SegWit2x fork has led many people to believe that Bitcoin is starting to lose its original vision. The technological progress in blockchain technology has shifted the way that projects like Bitcoin have to look at the future. If things continue to progress as they have so far, it might be time to bring Bitcoin back to its roots.

For those unaware, Bitcoin was founded by an anonymous person or group of people who valued privacy as highly as its ability to provide a fast and reliable transaction network. The founders believed that digital money was not controlled by any government or bank, and that blockchain technology is a type of decentralized digital ledger. The idea behind the blockchain is that there is a permanent ledger of every transaction made on a blockchain, which is updated once every ten minutes.

Bitcoin was designed to remove the need for trust from the cryptocurrency mining industry through an innovative algorithm called the proof-of-work. The proof-of-work took ten minutes to solve a cryptographic challenge and rewarded the miner with newly created Bitcoin.

4. Where can I store my Bitcoin Cash?

The most secure place to store your Bitcoin Cash is in a hardware wallet, which is a physical device that you can store your Bitcoin on. Trezor, Ledger Nano and KeepKey are examples of hardware wallets that you can purchase. You can also store your Bitcoin Cash on an exchange, but that is not as secure as a hardware wallet.

A hardware wallet is a device made to store Bitcoin. Instead of searching for hardware mails on Amazon, you can find them at Best Buy, Currys PC World and Micro Center. Hardware wallets are a pro “all you need” kind of wallets. The most famous advice here is to get a hardware wallet that can store 1000 bitcoin. A wallet like the Ledger Nano X or the Trezor can do this by having flexibility to store more than 1 bitcoin.

Ledger Nano X allows up to 5 bitcoin on the device.

KeepKey allows up to 4,999 bitcoin.

Of course, a hardware wallet doesn’t have to be connected to a internet connection to work. The most popular way to access your Bitcoin Cash safely at home is to get a hardware wallet like the KeepKey 2 or Trezor.

Here is a official guide on how to install a hardware wallet and remove the private keys from it.

If you currently have Bitcoin Cash at a place that charges you commission (e.g. Coinbase, Vaurum), you don’t need to fret. Your funds are safe and you shouldn’t have to worry about fees.

As a crypto researcher, I will certainly continue publishing articles about Bitcoin Cash in general, like how I did in this article. These articles will surely improve my confidence.