Bitcoin CashWhat is Bitcoin Cash?
BitCoin Cash is a cryptocurrency resulting from a hard fork from Bitcoin in August 2017.
It was forked just before Bitcoin had implemented SegWit, so, unlike Bitcoin, BCH doesn’t include this feature. It has a block size limit of 8 MB, in contrast to Bitcoin’s 1 MB. This allows for a much higher transaction throughput, i.e. 61 transactions per second, while Bitcoin is limited to 7. Also Bitcoin Cash’s algorithm adjusts its difficulty every 6 blocks instead of 2016 blocks (Bitcoin).
In ice, transaction fees are also significantly lower in BCH than in BTC.
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- Bitcoin reserve won’t solve US debt crisis: Think tank co-founderCointelegraph.com News – 1 hour agoAvik Roy, the president of a nonprofit think tank, said Senator Cynthia Lummis’ idea that Bitcoin could eliminate federal debt is an “overselling” of what…
- SEC delays Franklin Templeton crypto index ETF decisionCointelegraph.com News – 2 hours agoAccording to Eric Balchunas, the launch of the Bitcoin ETF in the United States was the most successful ETF launch in history. The United States…
- Here’s what happened in crypto todayCointelegraph.com News – 3 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3…
- Shanghai judge says cryptocurrency is a commodity, legal to ownCointelegraph.com News – 3 hours agoShanghai Judge Sun Jie calls virtual currency a commodity with property attributes in a commentary on a 2017 business dispute. A judge in the People’s…
- SEC sends reparations to BitClave ICO investorsCointelegraph.com News – 4 hours agoThe payment is part of a settlement BitClave agreed to pay in 2020 after the SEC charged the search engine for failing to register as…
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