Peer to peer (P2P) electronic cash is simply described as online money sent from one person to another without the need for a trusted third-party. As described in the original Bitcoin whitepaper by Satoshi Nakamoto, P2P cash makes use of digital signatures as part of the solution, but the main benefits are lost if a trusted third party is still required to prevent fraud. This makes P2P cash a trustless and safe way to transact without the need of intermediaries.

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Peer to peer (P2P) electronic cash is simply described as online money sent from one person to another without the need for a trusted third-party. As described in the original Bitcoin whitepaper by Satoshi Nakamoto, P2P cash makes use of digital signatures as part of the solution, but the main benefits are lost if a trusted third party is still required to prevent fraud. This makes P2P cash a trustless and safe way to transact without the need of intermediaries.
Bitcoin mining saps energy, costly, uses more power and also the reward delays. For mining, run software, get your wallet ready and be the first to solve a cryptographic problem and you get your reward after the new blocks have been added to the blockchain.Mining is said to be successful when all the transactions are recorded in the blockchain and the new blocks are added to the blockchain.

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ada $0.04303.25%ae $0.1741*2.28%bcd $0.4920*1.23%bch $239.503.83%bcn $0.0004*0.08%bnb $17.331*8.49%bsv $87.376*4.71%btc $8,605.14.06%btg $8.48484.96%btm $0.0590*5.67%bts $0.0293*2.35%dash $74.8193.11%dcr $17.130*0.76%dgb $0.009015.89%doge $0.00240.59%eos $3.25705.43%etc $4.88405.18%eth $192.266.35%gnt $0.0504*3.46%ltc $59.4323.41%icx $0.1753*0.93%iost $0.0052*2.38%lsk $0.90002.47%miota $0.2754*1.18%mkr $527.06*0.00%moac $0.2363*3.01%nano $0.7934*4.82%neo $7.73481.39%omg $0.9102*1.69%ont $0.6616*5.84%ppt $0.5900*1.72%qtum $1.85932.51%rep $8.51302.39%sc $0.0020*19.74%steem $0.1433*4.66%strat $0.3696*0.00%trx $0.01703.19%tusd $0.9982*0.10%usdt $1.00090.08%waves $0.96000.73%xem $0.04281.86%xlm $0.06333.02%xmr $56.6471.65%xrp $0.28162.89%xtz $0.9395*4.41%xvg $0.00350.00%zil $0.0061*2.19%zrx $0.25442.23%

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Bitcoincash is a peer-to-peer cryptocurrency in many regards similar to Bitcoin. Coins are created and transfered using an open source cryptographic protocol and are not managed by any central authority. Thanks to the adoption of Segregated Witness, and the Lightning Network, bitcoincash has some technical advantages over Bitcoin and other major cryptocurrencies. It is capable of handling a greater number of transactions in a given time and thus reducing potential bottlenecks, as seen with Bitcoin. Also, payment cost of bitcoincash is nearly zero and it’s payment speed is approximately four times greater than that of Bitcoin.

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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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This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with Coinbase Inc or any of its affiliates and Coinbase is not responsible for its content. This content and any information contained therein, does not constitute a recommendation by Coinbase to buy, sell or hold any security, financial product or instrument referenced in the content.

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Rising fees on the Bitcoin network contributed to a push by some in the community to create a hard fork to increase the blocksize.[11] This push came to a head in July 2017 when some members of the bitcoin community including Roger Ver felt that adopting BIP 91 without increasing the block-size limit favored people who wanted to treat bitcoin as a digital investment rather than as a transactional currency.[12][13] This push by some to increase the block size met a resistance. Since its inception up to July 2017, Bitcoin users had maintained a common set of rules for the cryptocurrency.[12] Eventually, a group of bitcoin activists,[14] investors, entrepreneurs, developers[12] and largely China-based miners were unhappy with Bitcoin's proposed SegWit improvement plans meant to increase capacity and pushed forward alternative plans for a split which created Bitcoin Cash.[15] The proposed split included a plan to increase the number of transactions its ledger can process by increasing the block size limit to eight megabytes.[12][13]

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There are two factions of bitcoin supporters, that support large blocks or small blocks.[20] The Bitcoin Cash faction favors the use of its currency as a medium of exchange for commerce while the Bitcoin-supporting faction view bitcoin's primary use as that of a store of value.[20] Some Bitcoin supporters like to call Bitcoin Cash “Bcash,” “Btrash,” or simply a scam, while Bitcoin Cash advocates insist that their implementation is the pure form of Bitcoin.[20]

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Bitcoin Cash (BCH) is hard fork (a community-activated update to the protocol or code) of Bitcoin that took effect on August 1st, 2017 that increased the block size to 8MB, to help the scale the underlying technology of Bitcoin.Nov 16th 2018: BCH was hard forked again and split into Bitcoin SV and Bitcoin ABC. Bitcoin ABC became the dominant chain and took over the BCH ticker as it had more hashpower and majority of the nodes in the network.

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Rising fees on the bitcoin network contributed to a push by some in the community to create a hard fork to increase the blocksize. This push came to a head in July 2017 some members of the Bitcoin community including Roger Ver felt that adopting BIP 91 without increasing the block-size limit favored people who wanted to treat Bitcoin as a digital investment rather than as a transactional currency.This push by some to increase the block size met a resistance. Since its inception, Bitcoin users had maintained a common set of rules for the cryptocurrency. Eventually, a group of bitcoin activists, investors, entrepreneurs, developers and largely China based miners were unhappy with bitcoin's proposed SegWit improvement plans meant to increase capacity and pushed forward alternative plans for a split which created Bitcoin Cash. The proposed split included a plan to increase the number of transactions its ledger can process by increasing the block size limit to eight megabytes. Bitcoin cash is not one of the fastest cryptocurrency per transaction. And it is good investment for economic crisis.

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