What is Bitcoin Cash

On 1 August 2017, there was a split from normal Bitcoin. The Bitcoin Cash was born.

This is a new cryptocurrency which is produced and traded by Bitcoin Mining independently of normal bitcoin.

Bitcoin Cash results from an argument in the bitcoin scene, how Bitcoin is to be further developed. The problem is that only seven Bitcoin transactions can be performed per second. More cannot be posted in the blockchain, the database. Because of the increasing popularity, many Bitcoin users had to wait for hours until their transaction was carried out.

Storage capacity: The biggest difference is in the block size with the new currency Bitcoin Cash. Instead of one megabyte as before with the Bitcoin, the storage capacity is now eight megabytes.

Transactions per second: With the increase of the storage capacity bitcoin cash up to 50 transactions per second are possible, with normal Bitcoin only 7 transactions/second.

SHARES

Share

Pin it

Tweet

Share

Share

Share

Buffer

Print

About Mariano

I'm Ethan Mariano a software engineer by profession and reader/writter by passion.I have good understanding and knowledge of AngularJS, Database, javascript, web development, digital marketing and exploring other technologies related to Software development.