About Bitcoin Cash & Where To Trade It
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Bitcoin Cash’s Latest Price
What is Bitcoin Cash?
Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.
Bitcoin Cash (BCH) is derived from a fork in the bitcoin protocol that took place on 1 August 2017. The fork arose from a difference of opinion amongst developers on the best way to increase the speed of bitcoin transactions (every 10 minutes and likely to slow as the number of transactions increases).
Owners of bitcoin at the time of the fork also own the same amount of bitcoin cash after the fork.
Why the big fuss?
Any cryptocurrency depends heavily on its miners to run smoothly. Lately, bitcoin cash has attracted a growing number of miners which has significantly improved its hash rate. Also, more and more exchanges are agreeing to take up bitcoin cash. When it first started most exchanges were reluctant to take up BCH, but now more and more exchanges are accepting it. This, in turn, gives it credibility which increases its value.
More and more miners are coming into it. As explained above, BCH currently is very lucrative for miners and many of them are coming in and giving their hashing power which in turn increases its value. At the same time, since the block size is 8 MB as well, it will enable more transactions within the block which will generate more transaction fees for the miners.
In short, we have no idea how bitcoin cash is going to turn out in the future nor do we know the long term repercussions that it will have on BTC. What we do know is that this is the first time that anyone has successfully hardforked from BTC whilst keeping the records of the existing transactions. At the same time, the 8 mb block size is an alluring aspect and it remains to be seen how this affects the miners in the long run, and whether it can really address all the scalability issues. What we can say for sure is that we have a very interesting future ahead.
What can I buy with Bitcoin Cash?
We currently have no information on where you can spend your bitcoin cash. We will update this section when we have more news.
Where can I buy, sell or trade Bitcoin Cash?
We recommend you buy, sell or trade bitcoin cash through a trusted broker. Our favourite is at the top of this page. You can read our reviews of the top brokers here.
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