What is Bitcoin Cash
¿What is Bitcoin Cash?
Bitcoin cash is a cryptocurrency, but at the same time a payment platform, it was developed under a strong division with bitcoin, in the month of December 2017.
This division manifested itself due to disagreement among BITCOIN developers about expanding the capacity of BTC blocks.
Bitcoin cash (BCH) is intended to encourage the number of transactions in less time.
BCH has proven to be a more scalable currency, with low transfer fees and fast confirmations.
¿What does Bitcoin Cash offer?
BCH offers to mine the largest blocks of bitcoin, in turn offering not to implement the SegWit transaction chart acquired by bitcoin at the end of 2017.
It also supports the BTC address format as a novel configuration called CashAddress or CashAddr.
¿How does it work?
BCH works with a network that is safeguarded by the architecture of the proof of work algorithm, being open source.
This means that users can raise new improvements or solve problems that are on BCH.
¿How is Bitcoin Cash regulated?
Bitcoin is not regulated by any entity or financial authority, that is why it is a decentralized currency that does not have any intermediary that can interrupt its mechanism or management of the same.
¿Why do people use BCH?
Users use BCH, since being so popular facilitates and increases negotiations, in turn, the speed when confirming transactions is faster as well as its costs are lower.
The firmness of Bitcoin Cash with its qualities of ease of use, flexibility and harmony with the network positions it as one of the most used Coins among cryptocurrency netizens.
¿How is BCH different from other cryptocurrencies?
Bitcoin Cash tried to find a faster solution on the speed of transactions, increasing the size of the blocks subsequently to 32 MB.
In turn, another difference between Bitcoin and Bitcoin Cash is that BCH can handle up to 25,000 transactions per block, while BTC handles between 1,000 and 1,500 transactions.
Another of its differences is its encryption algorithm, if at any time BCH breaks, there is a contingency plan to safeguard against any attack and crashes.
In this way it is speculated that, if a new division occurs, the two chains can be related with a small interference for all those involved.
¿Where can I buy it?
One of the ways where you can buy BCH is through Binance as it has a lot of tradable variety in the trade, you can exchange a cryptocurrency, fiat cryptocurrencies or simply use a debit or credit card to buy the stablecoin, deposits are also allowed banking.
https://www.binance.com/
¿Where to find more information?
For more information such as movements, prices, explorers, contracts and more you can visit the following link: https://coinmarketcap.com/
¿Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?
