Watch Video
07:23

Bitcoin Cash

Watch Video
07:23

Description

What does Bitcoin Cash do?

The main goal of Bitcoin Cash is staying true to the original philosophy of Bitcoin as "Peer-to-Peer Electronic Cash.” Bitcoin addressed increasingly slow transaction times by implementing SegWit, but other members of the community decided to fork from Bitcoin and create Bitcoin Cash by raising the block size limit instead. Proponents of Bitcoin Cash say that the project accomplishes all the same things as Bitcoin (peer to peer transfer, storage of wealth, investment) while offering cheaper and more reliable transactions.

What is BCH used for?

Bitcoin Cash, often listen on exchanges as BCH, are used for the same purposes as BTC and LTC. BCH is, first and foremost, a currency for making payments and transferring value between parties. With a limited supply of 21 million total coins, BCH may also be a good storage of value. Finally, many individuals choose to buy and hold BCH as an investment, speculating that Bitcoin Cash may replace Bitcoin in time.

How can BCH value appreciate?

Bitcoin Cash mining is relatively centralized, with more than 50% of the total hashing power in the hands of three mining pools (Antpool, BTC.com, and ViaBTC). These mining pools are located in China and are subject to the uncertainties of country’s policy towards cryptocurrencies. If China takes a favorable view toward cryptocurrencies in the near future, this will be a major factor in the appreciation of BCH.

Bitcoin Cash is marketed as a better Bitcoin. If Bitcoin faces scaling issues caused by its implementation of SegWit, users may adopt Bitcoin Cash instead - raising the value of BCH.

What is the difference between Bitcoin Cash and its competitors?

The main characteristic that distinguishes Bitcoin Cash from Bitcoin is its approach to scaling. While Bitcoin opted to implement SegWit and changed its storage of data, Bitcoin Cash increased its block size limit from 1MB to 8MB to accommodate more transactions per block.

Compared to Bitcoin, transactions using Bitcoin Cash are faster and mining BCH is more profitable than mining BTC. However, Bitcoin Cash’s team is smaller and more controversial than Bitcoin’s - and its user base is far smaller, as well.

  • Ticker: BCC/BCH
  • Main net Launch: August 2017
  • Mission: To stay true to the original vision of Bitcoin.
  • Structure: Open Source
  • Consensus Type: PoW
  • Motto: Peer-to-Peer Electronic Cash
  • Technology: Blockchain
Reward
+ ?
REWARD
REWARD
score: 0 /100
Risk
+ ?
RISK
RISK
score: 0 /100

Our opinion

lorem ipsum dolor sit amet consectetur adipiscing elit.

Overall Rating 0.00

Idea
+ ?

Innovativeness

Is the project solving a new problem?

Feasibility

Is the project’s solution realistic?

Clarity

Does the project’s message make sense?

0.00

Team
+ ?

Core Members

How experienced and skilled are the team members?

Commitment

Are any key members involved in other projects?

Advisory Board

Is the project advised by anyone notable?

0.00

Market & Competition

0.00

Awareness
+?

Attention

Is the project on the public’s radar?

Hype

Is the general opinion of the project positive or negative?

Community

Is the project supported by a large number of crypto enthusiasts?

0.00

Coin Utility
+ ?

Usefulness

Is the project’s native currency needed for key features?

Versatility

Does the native currency have a number of different uses?

0.00

Our opinion

lorem ipsum dolor sit amet consectetur adipiscing elit

Sign up for free

Description

What does Bitcoin Cash do?

The main goal of Bitcoin Cash is staying true to the original philosophy of Bitcoin as "Peer-to-Peer Electronic Cash.” Bitcoin addressed increasingly slow transaction times by implementing SegWit, but other members of the community decided to fork from Bitcoin and create Bitcoin Cash by raising the block size limit instead. Proponents of Bitcoin Cash say that the project accomplishes all the same things as Bitcoin (peer to peer transfer, storage of wealth, investment) while offering cheaper and more reliable transactions.

What is BCH used for?

Bitcoin Cash, often listen on exchanges as BCH, are used for the same purposes as BTC and LTC. BCH is, first and foremost, a currency for making payments and transferring value between parties. With a limited supply of 21 million total coins, BCH may also be a good storage of value. Finally, many individuals choose to buy and hold BCH as an investment, speculating that Bitcoin Cash may replace Bitcoin in time.

How can BCH value appreciate?

Bitcoin Cash mining is relatively centralized, with more than 50% of the total hashing power in the hands of three mining pools (Antpool, BTC.com, and ViaBTC). These mining pools are located in China and are subject to the uncertainties of country’s policy towards cryptocurrencies. If China takes a favorable view toward cryptocurrencies in the near future, this will be a major factor in the appreciation of BCH.

Bitcoin Cash is marketed as a better Bitcoin. If Bitcoin faces scaling issues caused by its implementation of SegWit, users may adopt Bitcoin Cash instead - raising the value of BCH.

What is the difference between Bitcoin Cash and its competitors?

The main characteristic that distinguishes Bitcoin Cash from Bitcoin is its approach to scaling. While Bitcoin opted to implement SegWit and changed its storage of data, Bitcoin Cash increased its block size limit from 1MB to 8MB to accommodate more transactions per block.

Compared to Bitcoin, transactions using Bitcoin Cash are faster and mining BCH is more profitable than mining BTC. However, Bitcoin Cash’s team is smaller and more controversial than Bitcoin’s - and its user base is far smaller, as well.

text