Go to trade various crypto on ‘Bybit‘
Go to trade various crypto on ‘Binance‘
Go to trade various crypto on ‘Gemini’
Go to trade various crypto on ‘Bitfinex’
Go to trade various crypto on ‘Poloniex’
Go to trade various crypto on ‘Bitmex’
The steps to sign up and verify for Bybit
The steps to sign up and verify for Binance
Bitcoin Cash (BCH) is a decentralized digital currency that operates on a peer-to-peer network and emerged as a result of a hard fork from the original Bitcoin blockchain in August 2017. It was created with the intention of addressing some of the scalability challenges faced by Bitcoin and providing a more efficient payment system.
Bitcoin Cash shares many similarities with Bitcoin in terms of its underlying technology and principles. However, it differs in certain key aspects, primarily the block size limit. Bitcoin Cash increased the block size limit to 8MB initially and later to 32MB, allowing for more transactions to be included in each block. This change was made to enhance the capacity and speed of the network, enabling quicker and more cost-effective transactions.
One of the core goals of Bitcoin Cash is to serve as a medium of exchange, facilitating fast and low-cost transactions. By increasing the block size, Bitcoin Cash aims to accommodate a larger number of transactions, thereby reducing congestion and minimizing transaction fees. The intention is to make Bitcoin Cash more practical for everyday use as digital cash.
Bitcoin Cash operates on its own independent blockchain, separate from Bitcoin. It has its own network of miners, developers, and users who support and contribute to its ecosystem. Bitcoin Cash can be obtained through various means, including mining, purchasing on cryptocurrency exchanges, or receiving it as payment for goods and services.
As with any cryptocurrency, the value of Bitcoin Cash is determined by market forces such as supply and demand, investor sentiment, adoption rates, and overall market conditions. It is traded on numerous cryptocurrency exchanges and can be stored in digital wallets that support BCH.
It’s worth noting that while Bitcoin Cash shares a historical connection with Bitcoin, they are separate cryptocurrencies with distinct networks and communities. It’s important to conduct thorough research and exercise caution when engaging with cryptocurrencies, including Bitcoin Cash.