Bitcoin Cash was launched in August 2017, as a direct response to small block sizes on the Bitcoin code. 1MB block sizes were not meeting the demand of the growing community, so a group of dissatisfied crypto enthusiasts decided to create a ‘hard fork’ of the Bitcoin blockchain, with an increased 8MB block size. No one person currently takes credit for the token’s creation; rather it is attributed to a de-centralized group of developers.
For the purposes of a thematic historical reference, most of the action supposedly takes place in Elba, New York. The city limit sign seen at the start of the film shows it has a population of 2,370, but the locations (such as a large shopping mall) are clearly in a much more populous town. Some identifiable settings are in more urbanized areas over 300 miles from the real Elba. It's acceptable for films to create a fictional version of a real town, but they should have changed the population sign to make it more consistent with the chosen locations. See more »

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The r/BitcoinCash subreddit is a forum dedicated to discussing the cryptocurrency Bitcoin Cash (BCH). The aim of this subreddit is to cultivate a space for constructive discussion about Bitcoin Cash. Intentionally disruptive behaviour and heavily off-topic discussion will be moderated accordingly. Please refer to the sidebar for the subreddit rules.

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“The arguments have devolved over three or four years of bitter debate, the principles are real and they are important to preserve, but a lot of the drama has nothing to do with principles anymore. A lot of this debate is now more about hurt feelings. It’s about bruised egos. It’s about things that were said that can’t be unsaid, insults that were exchanged, and personalities and ego.”

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Yes! In 2017, the Bitcoin project and its community split into two. Perhaps the least controversial way to refer to each side is simply by their respective ticker symbols, BTC and BCH. While exchanges commonly refer to BTC as simply “Bitcoin”, Bitcoin Cash, usually represented by the BCH ticker symbol, is considered by its supporters to be a legitimate continuation of the Bitcoin project, and the version with the best chance of creating a globally adopted peer-to-peer electronic cash system.

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Bitcoin Cash trades on digital currency exchanges including Bitstamp, Coinbase, Gemini, Kraken, and ShapeShift using the Bitcoin Cash name and the BCH ticker symbol for the cryptocurrency. A few other exchanges use the BCC ticker symbol, though BCC is commonly used for Bitconnect. On 26 March 2018, OKEX removed all Bitcoin Cash trading pairs except for BCH/BTC, BCH/ETH and BCH/USDT due to "inadequate liquidity". As of May 2018, daily transaction numbers for Bitcoin Cash are about one-tenth of those of bitcoin. By November 2017 the value of Bitcoin Cash, which had been as high as $900, had fallen to around $300, much of that due to people who had originally held Bitcoin selling off the Bitcoin Cash they received at the hard fork.

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Both Bitcoin as well as Bitcoin Cash use a proof-of-work algorithm to timestamp every new block. The proof of work algorithm used is the same in both cases. It can be described as a partial inversion of a hash function. Additionally, both Bitcoin and Bitcoin Cash target a new block to be generated every ten minutes on average. The time needed to calculate a new block is influenced by a parameter called the mining difficulty. If the total amount of mining power increases, an increase of the mining difficulty can keep the block time roughly constant. Vice versa, if the mining power decreases, a decrease of the mining difficulty can keep the block time roughly constant.[36]

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