Date. : 24 November 2022

Article no : 04

Day : Thursday

Bitcoin cash .

Bitcoin cash is a cryptocurrency . It is created from a hard fork from bitcoin blockchain in 2017. Bitcoin cash allows a greater number of transaction in a single block than bitcoin which should lower fees and transaction times. Bitcoin cash was created to allow more transaction in a single block ,theoretically decreasing the fees and transaction times . Bitcoin cash is a radical change to a network's protocol that makes previously invalid blocks and transactions valid . A hard fork requires all nodes yo upgrade to the latest version of software.

Bitcoin cash is necessary alternative to bitcoin.

Bitcoin cash was created in 2017 and is maintained by an active communitu developers. In 2017 developers disagreed on the route of bitcoin should take to addrees emerging issues with block chain. These developers still see bitcoin cash as a necessary alternative to bitcoun. According to developer view, bitcoin has become more of an investment instrument than a payment system . It was designed as peer to peer payment system that remove regulatory authorities and other third parties from financial transactions.

Bitcoin block chain had scalability issues because it could not handle the increased number of transactions . Tge confirmation time and fees for transactions on bitcoin cash blockchain surged. This mainly due to 1M block size limitation for bitcoin .

Bitcoin cash itself experienced a few fork along the way . Bitcoin Satosh vision (BSV) forked from bitcoin cash . Bitcoin cash became bitcoin cashABC (BCHA) in 2018. And it changed name to eCash in 2021.

Bitcoin cash is differ from bitcoin.

Bitcoin cash is differ from bitcoin like it does not incorporate segregation witness ,another solution proposed to accommodate more transactions per block. Typically all details pertaining to a transaction are stored in block.

#Bitcoin cash is also increased size of blick on blockchain throughtout its history . In 2018 the block size was 8MB.and its block size increased again to 32MB in 2022.

Is bitcoin cash still available.

#yes . Bitcoin cash is available for trading. Bitcoin cash has little over 19 million coins in circulation and stood at numbe 29 in crypto market capitalization at $2.56 billion in late August 2022.

It was trading for around $133.50 at that time. While Bitcoin SV ranks 48th with marlet cap slightly over $1 billion and was trading at $ 56.40. It has a similar number of coins in circulation.

Is bitcoin cash is cheaper than bitcoin?

Late august 2022, bitcoin cash is trading at a fraction of price of bitcoin and its volume is much lower because it is not as in demand in cryptocurrency market.

Bitcoin cash has cheaper than fees so making transactions in BCH saves trader more many than using BTC.

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