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At Bitinvestor we’ve made it simple to buy Bitcoin Cash.
As soon as you’ve made your payment, we’ll send you your Bitcoin Cash. You will have your Bitcoin Cash in minutes.
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Learn about Bitcoin Cash
The Historical Context of Bitcoin Cash
As the result of the original Bitcoin network’s efforts to increase transaction efficiency and scale, Bitcoin Cash (BCH) holds a special place in the annals of cryptocurrency history.
The history of Bitcoin Cash started in 2017 amid discussions and disagreements among the Bitcoin community on how to best scale the network to handle an increasing number of users. In order to increase the number of transactions per block, some supporters proposed changing the current Bitcoin code to increase the block size. However, others who thought that maintaining the same block size would maintain decentralization opposed this idea.
The technical and philosophical split resulted in a hard fork on August 1, 2017, which gave rise to Bitcoin Cash, a cryptocurrency with a larger block size (8 MB) than Bitcoin (1 MB), intended to facilitate faster and more scalable transactions.
The Faces and Forces Behind Bitcoin Cash
In contrast to centralized financial systems, there is no single body or person in charge of Bitcoin Cash. Since it is a decentralized cryptocurrency, a wide range of fans and developers from around the world are in charge of its development and governance, with each one helping to ensure its stability and advancement.
The network’s early course was largely determined by Bitcoin ABC, the first use of the Bitcoin Cash protocol. Currently, though, a number of teams, such as Bitcoin Unlimited and Bitcoin XT, are involved in its upkeep and development. Numerous groups and supporters, including companies, developers, and entrepreneurs, are also essential to the uptake and development of Bitcoin Cash, each of them advancing its usefulness and worth in the digital economy.
Similarities and differences Between Bitcoin Cash and Bitcoin
Similarities between Bitcoin Cash and Bitcoin
1. Shared Ledger History: Common Ancestry: Until August 1, 2017, both Bitcoin Cash and Bitcoin had the same historical ledger of transactions, which is why they shared a common blockchain history. This is before the hard fork.
2. Technical and Cryptographic Foundations:
Blockchain Technology: Both rely on the addition of transactions to blocks that are cryptographically connected to form an unchangeable, safe ledger.
Proof of Work: In order to validate transactions and add them to the blockchain, miners must solve challenging mathematical puzzles using a proof-of-work consensus method. In exchange, they will be rewarded for their efforts.
3. Supply Limit: 21 Million Cap: To ensure scarcity and deflationary qualities, the supply limits of BCH and BTC are capped at 21 million coins.
4. Objective and Theory:
Peer-to-peer Electronic Cash: At first, both sought to develop into decentralized digital currencies that would allow for peer-to-peer exchanges without the need for middlemen in traditional finance.
Differences between Bitcoin Cash and Bitcoin
1. Block Size and Scalability: Block Size: The block size is the primary technical difference between BCH and BTC. Bitcoin Cash aimed to improve scalability by facilitating more transactions per block by increasing the block size from 1MB to 8MB at first, and thereafter to 32MB.
2. Transaction Cost and Speed: Cheaper Fees and Quicker Confirmations: Bitcoin Cash aims to be more efficient for everyday transactions and micro-transactions by providing cheaper fees and faster confirmations than Bitcoin due to its greater block size.
3. Use Case and Viewpoint: Cash vs. Digital Gold: More and more people are viewing bitcoin as “digital gold”—a store of wealth as opposed to a medium of exchange for regular transactions. On the other hand, Bitcoin Cash is adamant about staying true to its goal of serving as a medium for regular transactions.
4. Development Trajectory and Community: The development communities of Bitcoin and Bitcoin Cash are following distinct development pathways and possessing distinct ideals. They are also implementing unique upgrades and methods to improve their separate networks.
Community: The two cryptocurrencies have different communities and backers, who frequently hold different opinions and have different ideas about how their preferred coin will develop in the future.
5. industry Adoption: Acceptance and Recognition: Although Bitcoin Cash is acknowledged by a number of platforms and businesses, Bitcoin remains the industry leader in terms of market capitalization, acceptance as a payment option, and general recognition.
6. Security: Network Security: Compared to Bitcoin Cash, Bitcoin is generally thought to be more safe against assaults due to its higher hash rate and larger network of miners. The blockchain is generally more secure the greater the network of miners.
7. Investment Perception: Investment and Institutional acceptance: While Bitcoin Cash has not experienced the same level of institutional engagement, Bitcoin has seen substantial institutional acceptance, with a number of mainstream investors and corporations expressing interest in it as an investment.
To put it briefly, although BCH and BTC have similar roots and technological principles, their technical advancements, perceptions by the community, applications, and uptake have all differed greatly. Both have established distinct markets inside the cryptocurrency ecosystem, catering to various user demographics and upholding distinct ideologies regarding the ideals of a decentralized digital currency.
What makes Bitcoin Cash unique?
In a world brimming with digital currencies, Bitcoin Cash emanates a unique charm drawn from its foundational philosophy and technical design.
Adherence to Original Philosophy: Bitcoin Cash staunchly adheres to the ethos espoused in the original Bitcoin whitepaper penned by Satoshi Nakamoto, emphasizing peer-to-peer transactions, electronic cash, and minimal fees. It endeavors to be a digital currency that isn’t just a store of value but also a transactional tool accessible to anyone, anywhere.
Scalability and Lower Transaction Fees: The primary distinctive technical facet of Bitcoin Cash is its larger block size, which enables it to process more transactions per block, reducing wait times and transaction costs. This ensures that even during peak times, transactions remain economical and swift.
Inclusivity and Accessibility: Bitcoin Cash advocates often emphasize the cryptocurrency’s utility in fostering financial inclusivity, especially in regions bereft of traditional banking infrastructure. With minimal fees and a straightforward user interface, it strives to be a digital currency that empowers users by providing access to financial services on a global scale.
Adoption and Usability: Bitcoin Cash is accepted by a plethora of merchants globally and can be utilized to purchase various goods and services, demonstrating its real-world utility. Moreover, initiatives such as SLP tokens, which allow anyone to create their own token on the Bitcoin Cash blockchain, further enhance its applicability and use-cases.
Frequently asked questions
When you buy Bitcoin Cash, we will send you your Bitcoin Cash as soon as we receive your payment, usually within minutes.
The prices that you see on are the current prices which you would get if we received your payment right now.
As soon as we receive your payment, the price gets locked in.
When buying, the price is instantly locked in with Credit Card, Apple Pay and Google Pay. With bank transfer, the price is locked in as soon as we receive your bank transfer.