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 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.

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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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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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在古代,加密是由许多办法完成的。在中国较“流行”使用淀粉水在纸上写字,再浸泡在碘水中使字浮现出来。而外国就不同了,最经典的莫过于伯罗奔尼撒战争。公元前405年,雅典和斯巴达之间的伯罗奔尼撒战争已进入尾声。斯巴达军队逐渐占据了优势地位,准备对雅典发动最后一击。这时,原来站在斯巴达一边的波斯帝国突然改变态度,停止了对斯巴达的援助,意图是使雅典和斯巴达在持续的战争中两败俱伤,以便从中渔利。在这种情况下,斯巴达急需摸清波斯帝国的具体行动计划,以便采取新的战略方针。正在这时,斯巴达军队捕获了一名从波斯帝国回雅典送信的雅典信使。斯巴达士兵仔细搜查这名信使,可搜查了好大一阵,除了从他身上搜出一条布满杂乱无章的希腊字母的普通腰带外,别无他获。情报究竟藏在什么地方呢?斯巴达军队统帅莱桑德把注意力集中到了那条腰带上,情报一定就在那些杂乱的字母之中。他反复琢磨研究这些天书似的文字,把腰带上的字母用各种方法重新排列组合,怎么也解不出来。最后,莱桑德失去了信心,他一边摆弄着那条腰带,一边思考着弄到情报的其他途径。当他无意中把腰带呈螺旋形缠绕在手中的剑鞘上时,奇迹出现了。原来腰带上那些杂乱无章的字母,竟组成了一段文字。这便是雅典间谍送回的一份情报,它告诉雅典,波斯军队准备在斯巴达军队发起最后攻击时,突然对斯巴达军队进行袭击。斯巴达军队根据这份情报马上改变了作战计划,先以迅雷不及掩耳之势攻击毫无防备的波斯军队,并一举将它击溃,解除了后顾之忧。随后,斯巴达军队回师征伐雅典,终于取得了战争的最后胜利。

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As a merchant one of your main goals is to be able to accept and process payments as quickly and seamlessly as possible so you can make your customers happy and receive payments without any headaches. Bitcoin Cash is the solution, as it has fast and low-cost transactions. As the world goes digital, electronic currencies such as Bitcoin are becoming the go-to method for paying online and in retail shops. Easily accept Bitcoin Cash directly or use third-party providers to accept Bitcoin Cash using their platforms and convert all or part of the sale into local fiat currency.

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Bitcoin Cash trades on digital currency exchanges including Bitstamp,[30] Coinbase,[31] Gemini,[32] Kraken,[33] Bitfinex, and ShapeShift using the Bitcoin Cash name and the BCH ticker symbol for the cryptocurrency. On 26 March 2018, OKEx removed all Bitcoin Cash trading pairs except for BCH/BTC, BCH/ETH and BCH/USDT due to "inadequate liquidity".[5] As of May 2018, daily transaction numbers for Bitcoin Cash are about one-tenth of those of bitcoin.[5] 

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At the time of the software upgrade (also known as a fork) anyone owning bitcoin was also in possession of the same number of Bitcoin Cash units.[19][16] The technical difference between Bitcoin Cash and Bitcoin is that Bitcoin Cash allows larger blocks in its blockchain than Bitcoin, which in theory allows it to process more transactions per second.[20] Bitcoin Cash was the first of the Bitcoin forks, in which software-development teams modified the original Bitcoin computer code and released coins with “Bitcoin" in their names, with "the goal of creating money out of thin air."[21] In relation to Bitcoin it is characterized variously as a spin-off,[5] a strand,[22] a product of a hard fork,[23] an offshoot,[24] a clone,[15] a second version[14] or an altcoin. On 1 August 2017 Bitcoin Cash began trading at about $240, while bitcoin traded at about $2,700.[16]

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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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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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