Where can I trade Bitcoin cash? Is Bitcoin Cash the Best Transaction Cryptocurrency? Bitcoin cash was created by Bitcoin hard fork on August 1, 2017. This fork creates a new version of the blockchain with different rules. Bitcoin cash was created to solve the long-term scalability problem of Bitcoin. It works by branching from the main Bitcoin blockchain to a new branch or version, just like when your computer operating system is updated and the software now has the ability to handle more transactions, otherwise no one or organization can change or stop Bitcoin cash operation.
As an Internet currency, Bitcoin cash can be sent and received at a very low cost, just like email, wherever there is a network. You can remit money to anyone around the world 24 hours a day, 365 days a year. Like the Internet, the Bitcoin cash network is open all year round. The transaction amount does not vary, and no authorization or approval is required any more.
anonymous
Bitcoin cash is more private and anonymous than traditional payment methods such as bank transfer and credit card payment, because it is generally impossible to know who controls the Bitcoin address.
Fixed upper limit
The Bitcoin Cash Protocol guarantees that there will never be more than 21 million Bitcoins. The government continued to print money, endlessly oversupply, and let everyone's savings depreciate. Bitcoin cash is a sound currency because it is rationed.
Smart contract
Bitcoin cash is a programmable currency, which can realize smart contracts on the basis of currency. The programmable economy will significantly solve the transparency and credibility problems in the economic operation and reduce the social operation cost.
Is Bitcoin Cash the Best Transaction Cryptocurrency?
It is well known that cryptocurrencies are sometimes very volatile, and double-digit percentage changes are not uncommon. Bitcoin cash is no different in this respect. Traders also tend to combine certain tokens in and out of the cryptocurrency market. This means that sometimes Bitcoin cash is the best cryptocurrency for transactions, but this is an exception rather than a rule. Generally speaking, Bitcoin cash is beneficial to cryptocurrency traders, but it is not better than most major cryptocurrencies.
What is the difference between Bitcoin cash and Bitcoin?
Bitcoin cash is split from Bitcoin, which is called bifurcation in the blockchain world, so the two are closely related. However, they are different, which is the main reason why Bitcoin cash exists because of these differences. The main reason for creating Bitcoin cash is to solve the problem of bitcoin transaction speed. Because Bitcoin can only process 7 transactions per second, it is too slow to be used in any meaningful scale. Bitcoin cash was created to expand the number of possible transactions on the network and was very successful in this regard. Another difference is that Bitcoin cash is not so positive, because it is not as secure as Bitcoin.
In general, Bitcoin cash bifurcations are created by Bitcoin hard bifurcations, which are expected to have a faster response to transactions in block 478559. Although there are reasons for its creation and origin, BCH token is currently considered as a counterfeit coin. It is not Bitcoin and has no direct relationship with the value of Bitcoin. Having said that, Bitcoin cash is its own currency, and its usefulness lies in that its function is just like Bitcoin, but it is faster due to the increase of its block size. When hard forks occur, coins have no value at all, and investors can get "free coins" from the splitting of Bitcoin. Like this example, Bitcoin cash witnessed significant changes in the market and successfully secured its position in the "top token" list of market value in November 2017. Bitcoin cash was born only because high costs and slow transactions would destroy Bitcoin, not because Bitcoin reached the maximum output of its block.
