Bitcoin cash en dollars


Bitcoin cash en dollars

Bitcoin Cash intends to be a Bitcoin without Segregated Witness SegWit as soft fork, where upgrades of the protocol are done mainly through hard forks and without changing the original economic rules of the Bitcoin. The main upgrade is the increase in the block size limit from 1MB to 8MB.

Bitcoin cash en dollars

This effectively allows miners on the BCH chain to process up to 8 times more payments per second in comparison to Bitcoin. This makes for faster, cheaper transactions and a much smoother user experience. Why was Bitcoin Cash Created?

Bitcoin cash en dollars

The main objective of Bitcoin Cash is to to bring back the essential qualities of money inherent in the original Bitcoin software. Over the years, these qualities were filtered out of Bitcoin Core and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development.

The result is that Bitcoin Core is currently unusable as money due to increasingly high fees per transactions and transfer times taking hours to complete.

Bitcoin cash en dollars

Essentially Bitcoin Cash is a community-activated upgrade otherwise known as a hard fork of Bitcoin that increased the block size to 8MB, solving the scaling issues that plague Bitcoin Core today.