The Brief History of Bitcoin Cash

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Written by

Tonyboss

A new promising writer

2 years ago

Topics: Bitcoin Cash, Cryptocurrency

Introduction

The use of BCH has become more rapidly in use. Even our honourable media platforms make use of Bitcoin cash as a payment method. We use the currency and know a little bit of its history. My name is Anthony Okoye, an upcoming writer, and I will be taking it up with a brief history of Bitcion Cash in this article.

What is Bitcoin Cash

Bitcion, a peer-to-peer cryptocurrency used for transactions, was the inspiration for the creation of BCH. As years passed, it gained more attraction, and its price began to increase rapidly. It became a big investment machine for a currency. As a result, the confirmation time and transaction fees have increased.

History

This occurs due to the small block size, transaction's were queued up waiting for confirmation. The block size couldn't fit in for all transactions processing. A proposed split of the coin came up. In August 2017, Biction was split into Original Butcoin (BTC) and Bitcoin Cash (BCH). Bitcoin Cash was meant to beat its fork creation by increasing the size of the data structure. Transaction's data are recorded parmernatly in other words know as Blocks, was to allow more transactions to be processed and increase its scale.

The BCH was later Split into and Bitcoin Cash ABC and Bitcoin Cash SV (satoshi version), because of the same reason. Now this time around it was proporsed because of disagreement due to protocol updates that don't use Smart Contracts into bitcoins Blockchain

Bittoin Cash ABC uses the original Bitcoin cash client while bitcoin cash sv claim to be the original Nakamoto and rejected use of Smat Contracts

Conclusion

This is the short history of Bitcoin Cash and I hope you enjoy it and if want to know more in details, you can check this site actually I got most of the information I use in my article from this site so you can read it up in details from there.