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Bitcoin Cash Fundamental Analysis
Bitcoin Cash is an alternative to the traditional base cryptocurrency, Bitcoin, and has emerged as a result of several conflicts in the cryptocurrency world in August 2017. During this time, the community developers were not able to come to an agreement on the most appropriate update of the Bitcoin protocol. As a result, a new separate group of developers was formed, with Roger Ver as its leader. The event also gave rise to a whole wave of mostly unsuccessful hardforks – changes in the program code of Bitcoin that lead to a drastic change in its block structure, with Bitcoin Cash as its final successful result, bringing instant profit to its users. Bitcoin Cash as a virtual currency shares the block history of the base cryptocurrency, but, like any hardfork, it uses a different blockchain. Beyond the fundamental differences, their operation at the investment level is similar. What changes, as we explain below, is its potential as the cryptocurrency of the future. In the markets, you can see Bitcoin abbreviated as BTC and Bitcoin Cash as BCH. Was a new Bitcoin needed? The key to this question is the limitations of the original Bitcoin and the differences that Bitcoin Cash brings. The biggest problem with Bitcoin is that it is a slow technology. Since Bitcoin transactions take an average of 10 minutes to process and, as the number of users grows, the time needed increases exponentially. In addition, more machines are needed to maintain a high speed. Over time, the block size in Bitcoin was proven to be insufficient, it was slower and less scalable for use in everyday operations. The Bitcoin Cash developers were able to maximize the original block size and make it eight times bigger – the first alternative used an 8 MB one, and the size is being increased ever since. This allows to speed up the blockchain verification process and optimizes the speed of transactions, regardless of the number of miners who support it. This is the big advantage of Bitcoin Cash over the prime currency. On the contrary, one disadvantage of Bitcoin Cash is that, due to using larger blocks, its security is theoretically less.
Bitcoin Cash Live Price Chart
Bitcoin Cash Technical Analysis
Bitcoin Cash Price Prediction
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