Today BCH

And the current state of the market:

The current price of Bitcoin Cash (BCH) reflects an arbitrage opportunity, despite the fact that Bitcoin Cash (BCH) can no longer be mined independently of the Bitcoin blockchain.

Over the past several months, several entities on the Bitcoin blockchain have not wanted to participate in this perceived 'cash grab' by the Bitcoin miners.

Consequently, various projects have sprung up to encourage the mining of BCH:

Well-known Bitcoin companies like Bitcoin Cash (BCH) mining pool, Bitmain have taken an active role in promoting the development of BCH mining in China.

is off the edge of adopting BCH as a core part of its platform Some mining pools have claimed that the adoption of BCH will impact Bitcoin's future adoption rates?

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There has been some debate over what the market should be. Since blockchain and mining technology are in a constant state of evolution, multiple options exist:

The early adopters of Bitcoin want a closed system, where Bitcoin mining is inherently controlled by a small group of people. But even the early adopters don't want to see their investments in the cryptocurrency negatively impacted in this way.

P2P systems such as Ethereum and Bitcoin Cash (BCH) make it possible for the Bitcoin miners to directly communicate with each other, without the involvement of central entities. This model is viewed by many as more efficient and trustworthy.

In early 2016, when Bitcoin was all the hype, several startups offered their services in exchange for 'BCH':

Fee-less and paid fees for transactions that go through in BCH

Free cash deposit in BCH

Fee-less and paid fees for e-commerce transactions in BCH

Fee-less and paid fees for image hosting in BCH

Nuts & Bolts

In this section, we will go into the details of the Bitcoin and Ethereum networks, by describing the features that are defined and implemented in each of the networks.

Overview of Blockchain Protocols

Bitcoin has a simple, centralized design. The blockchain that powers the network is maintained by developers running a specialized application called a blockchain daemon.

Users run software called bitcoin clients that generate transactions, sign them with their private keys, and store them on the network.

To be more specific, the blockchains for each of the coins are implemented separately by applications running on each specific network, or blockchain.

The blockchains for the three most prominent blockchain networks can be further divided into:

More technical details: https://en.bitcoin.it/wiki/Blockchain_techniques

While it may seem very simple and streamlined, the reality is different.

We will go into the specifics of each of the blockchain protocols:

Bitcoin

Bitcoin Cash

Ethereum

In this section, we will describe the basic features of Bitcoin.

Bitcoin's architecture includes a base layer of protocol, called Bitcoin Core.

This protocol supports creating 'full nodes' that generate and record the history of transactions on the Bitcoin network. These nodes are called 'full nodes'.

Bitcoin Core clients execute transactions on a peer-to-peer network that connects each node to all other nodes.

Bitcoin transactions and the blockchain are stored in a protocol known as the blockchain.

More technical details: https://bitcoin.org/en/reliability/storage

In order to create transactions, nodes run a special client that generates transactions on a block file and stores them in the blockchain.

Blocks are stored in a database known as the blockchain, and each block consists of transactions, as well as information about the prior block, all of which is cryptographically verified by nodes.

At the same time, each of the nodes executes its own transaction, along with the data from the block it is synchronizing, in order to verify the previous blocks.