What is Bitcoin cash (BCH)?
There is a lot of information about Bitcoin Cash. But today I will present the information in my own way. We know that Bitcoin Cash was created in August 2017.
We may not know what Bitcoin Cash is made for. What will be the future of Bitcoin Cash? What are the benefits of Bitcoin Cash? And today I will give you all the answers.
Bitcoin Cash is basically made from the Bitcoin blockchain. There is a difference between Bitcoin Cash and Bitcoin. The symbol of Bitcoin is BTC and the symbol of Bitcoin Cash is BCH. The Bitcoin Cash Fork has been created by upgrading the Bitcoin blockchain.
Bitcoin's fork is Bitcoin Cash. Simply put, when an app is updated, there are many types of features added. As a result, many types of opportunities are available. And just like that, when Bitcoin blockchain creates Bitcoin Cash Fork, many types of features of Bitcoin Cash are added. For example, lower fees, faster transactions and increased block size. Bitcoin Cash adds a variety of features.
As a result, the Bitcoin blockchain splits into two. And there are two types of blockchain. Those who preferred Bitcoin used the old blockchain, and those who used Bitcoin Cash became part of the new blockchain. As a result, the blockchain splits into two. From one blockchain to another blockchain is created, and that is what becomes a fork.
Bitcoin Cash was created in August 2017, and became known as Bitcoin's Fork. In simple terms, we can call Bitcoin Cash the younger brother of Bitcoin. Bitcoin has created many more forks, but Bitcoin Cash is a successful and popular fork.
All features of Bitcoin Cash:
The block of Bitcoin Cash is increased from 1 MB to 8 MB. And in 2018, the block of Bitcoin Cash was made 32 MB. As a result of increasing the block size of Bitcoin Cash, all transactions become acceptable. And the transaction can be done very fast and the transaction is completed with very cheap fee. The number of transactions increases to increase the block size of Bitcoin Cash. As a result, the number of transactions per block can be up to, 25000.
Know about the Bitcoin Cash team?
The Bitcoin community originally created Bitcoin Cash. But we do know that Satoshi Nakamato, the director of Bitcoin. However, Rogers Ver plays the most important role in creating Bitcoin Cash, and he is the investor and CEO of Bitcoin Cash.
Another investor in Bitcoin Cash is Jihana WU. He is the CEO of Bitmains. And he was the youngest billionaire in Asia. And he continues to support Bitcoin Cash.
The CEO of Bitcoin Cash has set up a $200 million fund. And these funds are being spent on different sites. And the sites and companies that are promoting Bitcoin Cash are being offered Bitcoin Cash in return for that work.
Future of Bitcoin Cash:
The block size of Bitcoin Cash has been increased from 1 MB to 8 MB. Then again, it was increased from 8 MB to 32 MB. As a result, transactions with Bitcoin Cash can be done very quickly and cheaply. And as a result, users become interested in using these coins. And it can be claimed that these coins will be more in demand in the future. Bitcoin community and Bitcoin Cash community are the same. So the demand for this bitcoin cash is increasing day by day. Miners are taxed at 8% for bitcoin mining. And Bitcoin does not require any tax for cash miners to mine, and this has surprised everyone. And the supply of these coins is limited.
Why is Bitcoin Cash Popular?
With Bitcoin, Crypto is the oldest and most expensive coin in the world. And Bitcoin is undoubtedly a popular coin, and Bitcoin's fork is Bitcoin Cash. The developer of Bitcoin Cash works in the Bitcoin community. And they contribute to Bitcoin Cash, which makes Bitcoin Cash popular.
Bitcoin cash is becoming more popular day by day. So stay with Bitcoin Cash.
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