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Bitcoin Cash

Bitcoin Cash

Bitcoin Cash is a peer-to-peer electronic cash hardforked from the Bitcoin blockchain.

Bitcoin Cash is a peer-to-peer electronic cash. A cryptocurrency hard-forked from the Bitcoin blockchain. This entails that Bitcoin Cash is a community-activated update to the protocol or code. The service allows merchants and user to access low fees and reliable confirmations.



Its key features include On-chain scalability, Sighash type for secured transaction, responsive Proof-of-Work difficulty adjustment and decentralized development. The distributed timestamp server operates on a peer-to-peer basis, and was designed to be similar to Adam Back's Hashcash. Majority decisions are represented by the longest chain with the best proof-of-work effort invested in it. However, it's possible to verify payments without running a full network node. Bitcoin Cash is designed to rely on trust to provide electronic transactions.



Bitcoin Cash is represented by the ticker symbol BCH. Bitcoin Cash was forked into Bitcoin SV and Bitcoin ABC, and eventually Bitcoin ABC grew to be the dominant chain with more hashpower and a majority of nodes on the network.

Timeline

December 20, 2017

Bitcoin Cash trading begins on Coinbase

Bitcoin Cash is added to the cryptocurrency exchange Coinbase.

August 2, 2017

The Bitcoin network forks into Bitcoin (BTC) and Bitcoin cash (BCH)

The controversial hardfork of Bitcoin and Bitcoin Cash into two separate blockchains occurs on block 478558. The split results from an inability of the Bitcoin community to resolve debates over a proposed increase to the 1megabyte limit on the maximum block size. Bitcoin Cash increases the block limit to 8MB and removes segregated witness.

People

Name
Role
LinkedIn

Amaury Sechet

Developer



Antony Zegers

Developer



Gabriel Cardona

Developer



Mark Lundeberg

Developer



Peter Rizun

Researcher



Roger Ver

Investor



Further reading

Title
Author
Link
Type
Date

Bitcoin: A Peer-to-Peer Electronic Cash System

Satoshi Nakamoto





Documentaries, videos and podcasts

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Companies

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References