Bitcoin Cash (BCH)

Bitcoin Cash is a hard fork of bitcoin which took place on August 1, 2017 and describes itself as the real bitcoin (according to the Bitcoin Cash website, it is ‘the best money in the world’).

Bitcoin Cash (BCH)

Official Website: https://www.bitcoincash.org/

Key Facts

  • BCH increased the bitcoin block size limit from 1MB to 8MB, with the aim of increasing transaction capacity on the network, reduced fees and speedier confirmation times.
  • BCH proponents believe BCH increased block size will enable Satoshi’s original vision of peer to peer electronic cash.
  • Any holders of bitcoin will have received the same amount of BCH at the time of the fork (block 478558) unless the bitcoin was held on exchange, in which case is dependant on individual exchange discretion.
  • Replay protection on the BCH blockchain prevents transactions being replayed on the bitcoin blockchain and vice versa.
  • The BCH logo slants left, as opposed to the BTC logo which slants right.
  • Roger Ver, Calvin Ayre and Craig White are well known advocates of BCH.
  • Critics of BCH say bigger block sizes lead to less decentralisation, as increased computational resource is required to run a full node.

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