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Bitcoin Cash (BCH) - Peer to Peer Electronic Cash

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  • Bitcoin Cash (BCH) - Peer to Peer Electronic Cash


    Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.

    Anyone who held Bitcoin at the time Bitcoin Cash was created became owners of Bitcoin Cash. This means that Bitcoin holders as of block 478558 (August 1st, 2017 about 13:16 UTC) have the same amount of Bitcoin Cash as they had Bitcoin at that time. Any transactions after the August 1st ledger split are completely separate between Bitcoin and Bitcoin Cash. This means any Bitcoin acquired after the split does not include any Bitcoin Cash, and any Bitcoin Cash does not include any Bitcoin.

    The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second. Although technically simple to raise this limit, the community could not reach a consensus, even after years of debate. In 2017, capacity hit the 'invisible wall'. Fees skyrocketed, and Bitcoin became unreliable, with some users unable to get their transactions confirmed, even after days of waiting. Bitcoin's market price has increased, but its growth and usefulness as a currency has stagnated. Many users, merchants, businesses and even investors left Bitcoin for alternatives, causing its dominance to fall from 95% to as low as 40%.

    Bitcoin Cash immediately raised the block size limit to 8MB as part of a massive on-chain scaling approach. There is ample capacity for everyone's transactions. Low fees and fast confirmations have returned with Bitcoin Cash. The network is growing again. Users, merchants, businesses, and investors are building the future with real peer to peer cash.

    Community

    Facebook - https://www.facebook.com/bitcoincashorg

    Reddit - https://www.reddit.com/r/Bitcoincash/


    Resources

    Github - https://github.com/bitcoincashorg/

    Wallet - https://www.bitcoincash.org/#wallets

    Block Explorer - https://blockchair.com/bitcoin-cash/blocks

    https://blockdozer.com/insight/


    Market Capitalisation and Charts

    Coinmarketcap - https://coinmarketcap.com/currencies/bitcoin-cash/

    Specifications

    Ticker - BCH

    Algorithm - SHA-256, Proof of Work

    Max Supply – 21,000,000 (21 Million)

    Block Reward - 12.5BCH

    Block Reward Halving – June 2020

    Target Block Time - 10 min

    Some of the exchanges in which coin is traded are below.

    Binance

    Bittrex

    Bitfinex

    Livecoin

    The complete list can be found from here

    Bitcoin Cash Markets
    Welcome to ADZbuzz!!
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