@Tanay388 13 March 2021 more from that month

How Does Bitcoin Cash Work? 🤔🤔🤔 Bitcoin Cash uses a peer-to-peer network of computers to support the decentralised nature of the system. We should note again that the block size of Bitcoin Cash has been increased to 32 MB, which facilitates transactions, processing times, and fees. That’s right! Because of its bigger blocks, Bitcoin Cash is able to offer low transaction fees and faster processing times. Moreover, as stated by Roger Ver - one of the major proponents of Bitcoin Cash - Bitcoin Cash is closer to the original vision of Satoshi as cash for the world. Simply because increased block sizes will enable Bitcoin Cash to be used as a medium for everyday payments and help it compete with Visa and other cross-border payment systems! That said, similarly to Bitcoin, Bitcoin Cash employs Proof of Work (PoW) consensus mechanism to mine new coins and also uses the services of Bitmain, one of the leading crypto miners. If you are new to the cryptocurrency sector, we should mention that mining is the process in which transactions are verified and added to the public ledger. Mining is also the process in which new coins are introduced in the existing supply without the need for central banks or financial authorities. It’s worth noting that Bitcoin Cash is capped at 21 million coins. Unlike fiat currencies, Bitcoin Cash is not printed by governments, which reduces the risk of inflationand devaluation. At the same time, this scarcity makes it an attractive investment in the long-term.... #Club1Bch