$124
1H
0.86%$1.06
24H
2.51%$3.04
7D
-7.64%$10.28
30D
-8.64%$11.75
Bitcoin Cash (BCH) is peer-to-peer digital money for the Internet. It sprang out on August 1, 2017, when bitcoin network was officially forked into two separate blockchains creating two cryptocurrencies – Bitcoin and Bitcoin Cash (BCH) respectively.
The main reason for the fork to take place was scalability problem – the original Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second. Although it was technically simple to raise this limit, crypto enthusiasts failed to reach any consensus, even after years of robust debates.
A new cryptocurrency is thought to be backed by a version of the blockchain that boasts a unique technical roadmap. In particular it means adjustable blocksize limit with an increased default of 8MB, replay protection and protection against hashrate fluctuations, improved hardware wallet security, and upgraded consensus rules.
Requiring no third parties in order to operate, Bitcoin Cash is fully decentralized and resistant to any political or social effects on protocol development.
With the decline in the value of Litecoin (LTC), and Bitcoin Cash (BCH), many investors are on the lookout for alternative projects that bring something new and fresh to the big picture, and HedgeUp (HDUP) is one such project.
Nearly a decade after, the end Mt.Gox case will solve historical injustice on early Bitcoin and crypto investors who lost potential high profits over the years.
Two Mt Gox creditors, Bitcoinica and MGIF, have decided on a Bitcoin payout scheme instead of fiat payments.
The Bitcoin Cash hard fork ahead this year will bring added security and privacy to the network with CashTokens enabling decentralized applications (Dapps) to run.
The service has officially been rolled out to select PayPal users within the United States, with more expected in the coming weeks.