Going against Bitcoin is a tough pill to swallow for investors in one of the oldest altcoins.
Bitcoin Cash News
In May 2017, Bitcoin transactions could take up to four days to complete. The only way to make a transaction quicker was to pay a transaction fee, which at the end of 2017 was around $28. The delay and the cost of fees made Bitcoin impractical for making small purchases, which led to a new Bitcoin-based currency, Bitcoin Cash (BCH).
BCH is a cryptocurrency established from a hard fork that took place to manage Bitcoin’s scalability problem. Bitcoin Cash has several significant differences from Bitcoin: it is advertised as faster and cheaper to use, the maximum block size is eight megabytes, whereas the Bitcoin blocksize is one megabyte, and it has an emergency difficulty adjustment feature. Bitcoin Cash utilizes 0-conf (zero-conf), enabling nearly instant transactions, typically confirmed in the next block. However, this approach compromises security as it demands less mining power for block verification.
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Bitcoin forks, BCH, BSV and XEC rallied over the last 30 days while KAS and FLEX led among altcoin gainers in June, but data questions the sustainability of their rallies.
2714Bitcoin Cash developer Jason Dreyzehner states that the latest upgrade incorporates support for CashTokens, which he considers a “tool for expanding financial access.”
5826The lion’s share of the fintech’s held cryptocurrency assets lies in BTC and ETH with $499 million and $362 million, respectively — up more than 56% since Q4 2022.
7474Bitcoin Cash offers several advantages for DeFi applications thanks to its UTXO model, potentially offering better scalability and security.
18020Roger Ver, commonly known as “Bitcoin Jesus,” has 20 days to answer the summons from Genesis unit GGC International before being required to pay by default.
7198Bitcoin proponents argued that Ether’s monetary policy had changed at least seven times while BTC has seen zero changes.
7833The crypto wallet plans to stop support for the four tokens on Dec. 5, but any remaining funds will still be tied to users' existing addresses.
33110The country’s prime minister says it is considering introducing Bitcoin Cash on a legal basis, despite being within the territory of the pioneering CBDC DCash.
5326Corbin Fraser, an executive at Bitcoin.com, told Cointelegraph that they are also planning to release a prepaid debit card that rewards users with crypto.
2718If Bitcoin clears its overhead resistance level, ETH, BCH, AXS and EOS could resume their uptrend with surprising strength.
12972The prospect of a rumored 150,000 BTC flooding the market gets real as Mt. Gox creditors choose how much money to receive in cash, Bitcoin and Bitcoin Cash.
71470Amid controversy surrounding major supporter Roger Ver, the Bitcoin hard fork plumbs new depths in BTC terms.
12114The rumor surfaced after a Twitter thread by FatManTerra shared the alleged details on how Kwon, along with Terra influencers, managed to drain funds while artificially maintaining the liquidity.
19703The challenges faced by Terra, Wonderland and a handful of other DeFi projects exposed the need for investors to do more research and avoid cult personalities.
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