Introduction to Bitcoin Cash

Go to trade various crypto on ‘Bybit

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Go to trade various crypto on ‘Gemini’

Go to trade various crypto on ‘Bitfinex’

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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 digital currency that emerged as a result of a hard fork from the Bitcoin (BTC) blockchain in August 2017. It was created to address certain limitations of Bitcoin and aims to be a scalable and efficient peer-to-peer electronic cash system.

Bitcoin Cash shares a common history with Bitcoin, as it originated from the same blockchain. However, it diverged from Bitcoin due to differences in the vision and approach to scaling the network. The key difference between Bitcoin and Bitcoin Cash lies in 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 larger block size enables faster and cheaper transactions, with the goal of facilitating everyday usage as digital cash.

The creation of Bitcoin Cash was driven by a desire to address the scaling challenges faced by Bitcoin. Some members of the Bitcoin community believed that increasing the block size would be a more effective solution than implementing second-layer scaling solutions like the Lightning Network.

Bitcoin Cash operates on its own separate blockchain and has its own set of participants, including miners, developers, and users. It has gained support from various cryptocurrency exchanges, wallets, and payment processors, making it accessible for trading, storing, and transacting.

Bitcoin Cash aims to preserve the principles of decentralization and permissionless transactions that were fundamental to the creation of Bitcoin. By providing a more scalable and cost-effective solution for payments, Bitcoin Cash aims to be a viable alternative for individuals and businesses seeking a digital currency for everyday use.

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