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User:Shiftchange/Bitcoin Cash

From Wikipedia, the free encyclopedia

Bitcoin Cash (BCH) is a cryptocurrency useful for online payments that was launched in 2017. It is faster and cheaper to use than the original Bitcoin. Many of its designers, developers and supporters intend for it to replace traditional fiat currencies through disintermediation as digital money as intended by Bitcoin's inventor Satoshi Nakamoto.

Bitcoin Cash is easily substituted for Bitcoin. It solves the self-confected bitcoin scalability problem using on-chain scaling. According to Cointelegraph, Bitcoin Cash is Bitcoin's most successful spin-off and its adoption by investors was quick. In March 2018, Bitcoin Cash enthusiasts gathered in Tokyo for the Satoshi’s Vision Conference where the main themes were scaling, tokenisation and adoption.

Features

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External videos
video icon Introduction to Bitcoin Cash
video icon Bitcoin Unlimited developers Peter Rizun and Andrew Stone discuss their research into scaling Bitcoin

Bitcoin Cash has very low or no fees to use in comparison to Bitcoin.

Support

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“Bitcoin Cash is the real Bitcoin and will have the bigger market cap, trade volume and user base in the future.”

Roger Ver, [1]

Applications

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Founder of yours.org social network Ryan X. Charles switched to Bitcoin Cash for micropayments after initially planning on using bitcoin.[2] Charles switched because using bitcoin became unfeasible for micropayments due to its high fees. OpenBazaar integrated Bitcoin Cash in February 2018.[3]

See also

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References

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  1. ^ Iyke Aru (31 January 2018). "Roger Ver Declares Bitcoin Cash to Be True Bitcoin, Market Forces Bring More Attention". CoinTelegraph. Retrieved 3 April 2018.
  2. ^ "Why We Chose Bitcoin Cash Over Litecoin". yours.org. October 2017. Retrieved 11 March 2018.
  3. ^ "Why OpenBazaar is Integrating New Cryptocurrencies". OpenBazaar. 20 February 2018. Retrieved 11 March 2018.
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Category:Bitcoin clients Category:Bitcoin Category:Cryptocurrencies Category:Digital currencies Category:2017 establishments