Bitcoin Cash Wallet
Bitcoin Cash is a peer-to-peer electronic cash system. It's a permissionless, decentralized cryptocurrency that requires no trusted third parties and no central bank.Create BCH Wallet
What Is Bitcoin Cash?
Its history is also the history of Bitcoin, because, until August 1, 2017, they were the same cryptocurrency: Bitcoin Cash is the first fork of Bitcoin. This means that the original code of the first blockchain and its transactions were cloned to some extent-specifically, up to block number 478,558. Since that time a new blockchain with different rules was created, and a new digital currency apart from (and not in place of) Bitcoin.Visit Bitcoin Cash Website
The main offer of Bitcoin Cash is written in its name (cash): to be a much faster payment method than the original Bitcoin. In order to fulfill this goal, the developers decided to make a significant increase in the size of the original network blocks, from 1 MB to 8 MB and from there to the current 32 MB.
Bitcoin Cash Split 2020
This time the community divided into two groups of developers. On the one hand, Bitcoin ABC, which introduced the activation of the “rules of coin receivers”, according to miners must pay developers an 8% tax on remuneration for each new block created to continue funding for network development. On the other hand, the Bitcoin Cash Node (BCHN) group, which rejects the proposal of its rival team and protects the activation of a new algorithm for adjusting the complexity of the mining.
BCHN Vs. BCHA
Long months of stress in anticipation of the fork’s implementation is finally coming to its logical conclusion, and it seems that Bitcoin Cash Node will take the place of the leading token. Bitcoin ABC, the historically dominant implementation of Bitcoin Cash (BCH), has given way to a community-led riot in the form of a Bitcoin Cash Node (BCHN). However, Guarda supports both coins so as not to be controversial in the community, moreover, we have the split functionality available.
After the hardfork, your address and balance were duplicated in ABC/BCHN networks. Any transaction will also be duplicated in both Networks. In order to avoid losing funds, you can split your address using Guarda BCH Split functionality and automatically get two separate addresses with current balances.Split BCH
Bitcoin Cash Fork Blocks Explanation
The developers of Bitcoin Core maintained their position, mainly due to two factors: the flexible blocks proposed by Unlimited had not been sufficiently tested, so implementing the proposal would not be very safe for the network, and increasing the size of Bitcoin blocks would lead to greater centralization since more sophisticated equipment would be needed to support them. In that way, a few companies could come to control the cryptocurrency.
For their part, Unlimited also stood firm, claiming that SegWit would only be a temporary solution and not a permanent one. Everything pointed to a hardfork that would divide the network, the miners, and Bitcoin nodes, creating an additional cryptocurrency with which price, community, and credit would be shared, as happened with Ethereum.
To avoid that scenario, about 58 companies in the ecosystem, including such big names as Blockchain, Bitmain, Coinbase, and Circle, reached a new agreement in May 2017: to activate SegWit, but followed by a hardfork that would increase the block size to 2 MB. This proposal was SegWit2x and, in the end, would not happen.
Is BTC The Same As Bitcoin Cash?
Two groups emerged in 2017 with the same objective, but with different proposals to achieve it: those who wanted to increase the size of the blocks and those who preferred a different alternative, which would improve their operation without increasing their size.
In the first group were the supporters of Bitcoin Unlimited, the organization that maintains Bitcoin client of the same name, led by the entrepreneur Roger Ver. His proposal was to perform a hardfork to remove the limit on the size of the blocks: this would be adjusted according to the needs of the network.
The second group was led by the developers of Bitcoin Core, Bitcoin's main client. The solution they presented was Segregated Witness (SegWit), a method through which transaction signatures were relocated within the block, optimizing space and allowing a capacity of up to 2 MB. To activate it, only a softfork would be needed, less drastic than a hardfork because it maintains compatibility with previous versions of Bitcoin clients. However, in order to carry out either option, it was necessary to reach a consensus in the community, made up of the nodes and the miners. The controversy then began.
How to use Bitcoin Cash (BCH)
A long-term investment in BCH with the expectation of it increasing in value. You can safely store your BCH in Guarda Wallet.
Exchange Bitcoin Cash
Instantly exchange Bitcoin Cash with the best BCH exchange rates. We offer many trading pairs for Bitcoin Cash trading through our exchange partners.
Send Bitcoin Cash
Guarda allows you to easily buy Bitcoin Cash online and send it to anyone and anywhere with their Bitcoin Cash address.
Receive Bitcoin Cash
Receive Bitcoin Cash from anyone instanteniously through your web browser, mobile phone or desktop app.
You can split your address using Guarda BCH Split functionality and automatically get two separate addresses with current balances.
Learn more about Bitcoin Cash
You can read more detailed articles about Bitcoin Cash and blockchain as a whole in our Academy.
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