What is Bitcoin Cash?
Bitcoin is an amazing digital payment system around the globe that is used for the purpose of online transactions. Do you want to know what is bitcoin cash? It is peer-to-peer electronic cash, which is generated from the Internet transactions.
This whole system is fully decentralized, which means the system works without any central bank and don’t require any trusted or government third party to control or operate over them.
Bitcoin and bitcoin cash ar4 different
Bitcoin cash is different from Bitcoin because it is the continuation of the Bitcoin project as peer-to-peer digital cash and a fork of the Bitcoin block chain ledger. It is an upgraded consensus rule, which allows a bitcoin cash to grow.
You will be surprised to know that if you own Bitcoin at the time Bitcoin Cash was created, immediately you became owners of Bitcoin Cash. This happened till 1st August 2017.
Any transactions after the August 1st are completely separate between Bitcoin and Bitcoin Cash. This means any Bitcoin acquired after that day does not include any Bitcoin Cash as well as any Bitcoin Cash does not include any Bitcoin. Hence, both bitcoin and bitcoin cash are different.
Highly secured transactions
The transactions of Bitcoin cash are highly secured and handled by the algorithm. Nowadays, Bitcoin cash has raised the block size limit to 8MB, which is good for everyone, and have the plentiful capacity to perform transactions.
The bitcoin cash network growing quickly due to low fees and fast confirmations. Everyone like merchants, businesses and investors are interested and try to build a future with real peer-to-peer cash or Bitcoin cash.