Bitcoin Cash  

Bitcoin Cash


"Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash". Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development."

Features

On Chain Scalability - Bitcoin Cash follows the Nakamoto roadmap of global adoption with on-chain scaling. As a first step, the blocksize limit has been made adjustable, with an increased default of 8MB. Research is underway to allow massive future increases.

New Transaction Signatures - A new SigHash type provides replay protection, improved hardware wallet security, and elimination of the quadratic hashing problem.

Emergency Difficulty Adjustment (EDA) - Responsive Proof-of-Work difficulty adjustment allows miners to migrate from the legacy Bitcoin chain as desired, while providing protection against hashrate fluctuations.

Decentralized Development - With multiple independent teams of developers providing software implementations, the future is secure. Bitcoin Cash is resistant to political and social attacks on protocol development. No single group or project can control it. The bitcoin-ml mailing list is a good venue for making proposals for changes that require coordination across development teams.

Bitcoin cash, is very similar to its predecessor Bitcoin. It is a peer-to-peer electronic payment system that is supported by blockchain technology and decentralized network of computers. Bitcoin streamlines the transaction process by cutting out the mediation between buyers and sellers.

Created on August 1, 2017 Bitcoin cash was a hard-fork split from bitcoin. BCC features a block size limit of 8 megabytes (MB) compared to bitcoin’s 1 MB. The 8 MB block size limit enables BCC miners to process more transactions on the payment network. Proponents argue that BCC’s larger block size leads to faster transactions, lower fees and improved scalability. Bitcoin cash is not backed by any government or central bank.

Bitcoin Cash