Here in this article I am gonna to describe Bitcoin Cash as much as I have studied about it.
What is BCH?
Bitcoin Cash is a cryptocurrency that was forked from Bitcoin in August 2017. The block size of Bitcoin Cash was increased, enabling for more transactions to be completed and enhancing scalability.
In November 2018, the cryptocurrency split again, this time into Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision).
What is fork of Bitcoin?
A bitcoin fork occurs when a significant enough number of miners agree to change the network's rules. As a result of the split, or fork, from the original blockchain, a new blockchain splits off from it.
What is blockchain?
Blockchain is a system of storing data that makes it difficult or impossible to change, hack, or manipulate the data. A blockchain is a digital ledger of transactions that is duplicated and distributed across the network of computer systems that make up the blockchain.
What is circulating supply?
The best approximation of the number of coins circulating in the market and in the hands of the general population is the Circulating Supply. Total Supply refers to the total number of coins in circulation at any given time (minus any coins that have been verifiably burned).
Circulating supply of BCH
The total amount of Bitcoin Cash is 21 million coins, which is the same as the total supply of Bitcoin. It now has a circulating supply of just over 18.5 million coins, accounting for almost 89 percent of the entire quantity.
What is maximum supply?
The maximum supply is the best estimate of the total number of coins that will ever exist in the cryptocurrency's existence. No new coins or tokens will be mined or generated after the maximum supply has been reached. The majority of cryptocurrencies have a limited quantity.
Maximum supply of bitcoin cash
The total amount of Bitcoin Cash is 21 million coins, which is the same as the total supply of Bitcoin.
How does bitcoin cash work?
To process transactions more quickly, Bitcoin Cash uses a bigger block size (which is 4-8 times larger than BTC, depending on the adoption of Segregated Witness). Not all cryptocurrencies are meant to be used as a store of value, and not all cryptocurrencies need to process data fast in order to work like a credit card transaction.
Bitcoin Cash is equal to Bitcoin in terms of technical specifications. Both Bitcoin Cash and Bitcoin have a hard maximum of 21 million assets and use the PoW consensus process to validate transactions. Miners use computer power to validate transactions and are rewarded in BCH for their contributions in the form of PoW.
Because of the higher block size, BCH is speedier and has cheaper transaction costs than its predecessor. Smaller transactions, like as buying a cup of coffee using bitcoin, are far more suited to it.
Smart contracts and apps like CashShuffle and CashFusion are supported by Bitcoin Cash.
CashShuffle, a coin mixing technique that shuffles your Bitcoin Cash with other holders before a transaction, is available to BCH holders using certain wallets. As a result, because Bitcoin Cash is a public ledger, your transactions are private and considerably more difficult to track.
Use of bitcoin cash
Bitcoin Cash is a transactional cryptocurrency that may be used to make electronic cash payments. It's designed to be spent rather than stored as a store of value, in order to alleviate Bitcoin's apparent scalability issue and give more utility in everyday life.
How BCH is better than BTC?
Bitcoin Cash, on the other hand, is a different story. As a result, Bitcoin Cash can process transactions faster than the Bitcoin network, resulting in shorter wait times and lower transaction processing fees. The Bitcoin Cash network has a far higher transaction rate than the Bitcoin network.
In simple I want to write it as:
Faster transaction than BTC
Can reduce time frame than BTC
Having low transaction fees than BTC
BCH has higher transactions than BTC
Bitcoin Cash was created by bitcoin miners and developers who were concerned about the bitcoin cryptocurrency's future and ability to scale.
In comparison to Bitcoin's 1,000 to 1,500 transactions per block, Bitcoin Cash may support 25,000 transactions per block.
BCH has expanded to a block size of 32MB other than BTC having size 1MB.
BCH began trading at roughly $240 per coin and has subsequently climbed significantly. Its price hasn't yet hit Bitcoin's peaks, but given that BCH is intended to be used as a payment method, its lack of overall worth may work in its advantage. The increased price of Bitcoin, on the other hand, makes it more useful as a store of value.
How to buy and use Bitcoin Cash?
BCH is available to purchase, sell, and trade on a number of major exchanges. Signing up for an exchange is often simple, albeit doing so anonymously may not be possible because most big exchanges demand Know Your Customer and Anti-Money Laundering authentication in the form of a photo ID, as well as address and income verification in some situations.
Aside from that, the asset is available through a limited number of bitcoin ATMs. If you decide to take this path, check for some in your neighbor hood. PayPal also offers Bitcoin Cash, depending on your country of residency.
Major Exchanges to buy BCH:
There is a bigger list of exchanges for BCH trading. Here I am attaching a screen shot of some more exchanges.
BCH Holders
Website
Whitepaper
FAQ Page
Message Boards
Reddit Discussion
Explorers
https://www.blocktrail.com/BCChttps://bch.btc.com/
This is what I can write here. moreover there is a lot of information about BCH. You can search or can ask me more information about in comment box.
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