A Basic Preview of Bitcoin Cash (BCH)

A Basic Preview of Bitcoin Cash (BCH)

Credits to:

How to mine BCH: 

What is SLP?: 

BCH Updates: 
What is Bitcoin Cash? (BCH)
Bitcoin Cash is a fork of Bitcoin that prioritizes onchain scaling and utility as a peer-to-peer electronic cash system. 
On August 1, 2017, the developers of Bitcoin-ABC initiated a hard fork of the Bitcoin blockchain and released the first Bitcoin Cash software implementation. 
This new chain had 8MB blocks and was called Bitcoin Cash.  

Bitcoin Cash increased and will continue to increase block sizes which thereby increase the potential volume of transactions on the network. 
One key factor of BCH is that its transaction fees are low, transaction times fast, and most importantly the Bitcoin Cash community is united in the original vision of Bitcoin as cash for the world.

Basic Technical Differences
1. Bitcoin Cash uses a different hash algorithm to the one Bitcoin uses.
2. Bitcoin Cash’s technology allows for an increase in the number of blocks. 
3. Bitcoin Cash has a different transaction signature to verify its distinction from Bitcoin.

Optimist vs Pessimist 
Everything has two sides. The next slide will show you both optimistic and pessimistic comments from just a few known people on the crypto world.

There’s no right or wrong here. Just opinions.

As of today,  
Circulating supply is 18,135,775 BCH 
Max Supply is 21,000,000 BCH
All Time High: $4,355.62 USD (Dec 20, 2017)
All Time Low: $75.03 USD (Dec 15, 2018)

If you’re a solid believer of Bitcoin Cash, there is a way for you to support the network and earn some BCH at the same time — mining.  

Discussing BCH mining needs to have a more in-depth explanation, so for this you can try checking the link under “show more”

1. Last August, the Simple Ledger Protocol (SLP) has become a widespread application within the Bitcoin Cash environment. For further details you can check “What is SLP”? on the description below
2. Last November 15, an upgrade on BCH happened. This upgrade have been talked about for several months before it push through. 

The Bitcoin Cash network has successfully upgraded the latest rule set changes to the protocol. 
The BCH blockchain now features the enforcement of minimal pushdata in script which will make a majority of BCH network transactions non-malleable.   

The upgrade went live on the BCH network at block height 609135, which was mined by the mining operation Antpool.  

For more updates about BCH feel free to follow their TG channel found on the links below.

***This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions:

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Publicado en Bitcoin Cash (BCH) y etiquetado .