Bitcoin is undoubtedly one of the most incredible innovations in the past. Recently, however, it has come up with the issue of scalability, which causes much controversy both in terms of ideological and usability. On the 1st of August 2017, Bitcoin passed through a Hard Fork that gave birth to Bitcoin Cash.
What is Bitcoin Cash?
Bitcoin Cash (BCH) is an alternative version of Bitcoin that takes advantage of new features and rules and has a different development roadmap. The size of each block in Bitcoin’s block chain was designed to be 1 MB, but Bitcoin Cash supporters advocated better and faster service with a larger block size. On August 1, the Bitcoin block chain was connected to two different chains. In this way, a new crypto money called Bitcoin Cash was born. While Bitcoin still uses 1 MB block, the newly created Bitcoin Cash has 8 MB block sizes.
The Bitcoin Cash project identifies itself as: Bitcoin Cash is a peer-to-peer electronic cash for internet. It is a non-central bank, completely decentralized and capable of functioning without the need for third parties. The biggest goal in the emergence of Bitcoin Cash is to perform more transactions with faster and less cost than Bitcoin.
It is a cryptocurrency currency that has been widely demanded in many stock exchanges, although it was initially skeptical by many.
What is BHC?
BCH is the abbreviated name of Bitcoin Cash, the crypto currency used in the markets.
Is Bitcoin Cash reliable?
Although it is not different from Bitcoin due to its technological infrastructure, it has new security features. However, although it was introduced as a decentralized crypto currency, Bitcoin Cash was originally developed by major Bitcoin investors and established their own mining company right after the fork and created Bitcoin Cash’s largest mining group. This is owned by Bitcoin’s design; it does not belong to a single individual or group.
Of course, this does not mean that there is clarity in the technology of Bitcoin Cash. The Bitcoin Cash group, which has been accused of speculating on the stock exchanges recently, has won a lot of trust despite the lack of confidence in its investors. However, the incongruity with the crypto money world which aims to liberate people through the internet is not overlooked, not for monetization purposes.
How to buy Bitcoin Cash?
There are many trusted websites and forex firms that you can buy Bitcoin Cash. You can purchase it through Cex.io or Binance, which is reliable and easy to use.