What is Bitcoin Cash
First of August 2017, BTC network was forked thereby creating a new cryptocurrency called BTC Cash. It brings about sound money to the cryptocurrency lovers, by fulfilling actual purpose of Bitcoin, which are fast transaction confirmation and low fees charges on transaction.
The prime purpose of BTC cash is to combine gold scarcity with the spendable power of cash. As the native coins of BTC cash are scarce in the market, they are present in scarce quantity. Moreover, they also have the spendable power of being spent easily like cash.
Moreover, the creation of Bitcoin cash is to bring a cryptocurrency that has the equivalent spendable power as cash. The cryptocurrency holders can do fast transactions at an incredibly low fee rate.
Furthermore, the best feature of this cryptocurrency is that all the holders can transact with this coin via their smartphones or personal computers.
How is Bitcoin Cash different ?
The BTC cash is a new cryptocurrency is a BTC project that is a legitimate existence of supporting peer-to-peer electronic cash transactions.
The BTC holders of478558 block automatically became the holder of BTC Cash at the time of fork.
Bitcoin, which is a creation of pseudonymous Satoshi Nakomoto, remained a separate cryptocurrency.
Moreover, Bitcoin Cash proposes to scale for meeting the requirements of a global payment system. At the fork, the BTC Cash block size was raised from 1MB to 8MB.
This means that the size of the block increased. Therefore BTC Cash can now handle significantly more transactions per second (TPS) while keeping fees extremely low, solving the issues of payment delays and high costs experienced by some users on the Bitcoin network.
Markets for trading
The Bitcoin cash is actively trading on various cryptocurrency exchanges. As it is one of the most stable and safe coin it is available on almost every crypto exchange market. For example the most active market for BTC cash is Binance. The other markets for trading in Bitcoin cash are Huobi Global, Coinbase Pro, Bithumb, Gate.io, and more.