Bitcoin Cash (BCH)

1. Increased block size: Bitcoin Cash increased the block size limit from 1 MB to 8 MB (and later to 32 MB) to allow for more transactions to be processed per block.
2. Faster transaction times: With increased block size, Bitcoin Cash aims to process transactions faster than Bitcoin.
3. Lower transaction fees: Bitcoin Cash has lower transaction fees compared to Bitcoin, making it more accessible for microtransactions.
4. Different mining algorithm: Bitcoin Cash uses a different mining algorithm called SHA-256, which is the same as Bitcoin's, but with some adjustments.
5. Smart contract functionality: Bitcoin Cash has implemented smart contract functionality, allowing for more complex transactions and applications.
6. Competing philosophy: Bitcoin Cash has a different philosophy than Bitcoin, focusing on being a fast and reliable peer-to-peer electronic cash system rather than a store of value.

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" RIKIKI! "

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Zapit Wallet is a crypto wallet that allows you to send and receive money across the world, anywhere you are.

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Zapit wallet has many others features you should try.

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Play to Earn Try their game called "Zappy Bird"... Enjoy and earn. The higher your score and rank, the higher reward you will get. The reward you will get is $ZRP, it's a Cashtoken that you can swap or exchange into satoshis (BCH).

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As an avid cryptocurrency enthusiast, I had been using Bitcoin for years. I loved the idea of decentralized, peer-to-peer transactions without the need for intermediaries. However, over time, I started to notice a significant increase in transaction fees.

One day, I needed to send a small amount of Bitcoin to a friend. To my surprise, the transaction fee was nearly as much as the amount I was sending! I was shocked and frustrated. This wasn't the first time I'd experienced high fees, but it was the final straw.

I began researching alternative cryptocurrencies with lower transaction fees. That's when I stumbled upon Bitcoin Cash (BCH). I learned that BCH had increased its block size limit, allowing for more transactions to be processed per block and resulting in significantly lower fees.

Intrigued, I decided to give BCH a try. I downloaded a BCH wallet and bought a small amount of BCH to test it out. I was amazed at how fast and cheap transactions were! I sent a small amount of BCH to my friend, and the transaction fee was a tiny fraction of what I would have paid with Bitcoin.

I was hooked. I started using BCH for all my cryptocurrency transactions. The low fees and fast transaction times made it a game-changer for me. I even started using BCH for everyday purchases, like buying coffee or groceries online.

Looking back, switching to Bitcoin Cash was one of the best decisions I made. It's amazing how something as simple as low transaction fees can make such a big difference in your experience with cryptocurrency.

I'm grateful for the existence of BCH and the community that supports it. It's a reminder that there are always alternatives and innovations happening in the cryptocurrency space.

This is a summary of what you need to understand about Bitcoin cash and how it was created.

It Costs Money to Make Money. The paper money that is used around the world is part of a set of legal means of payment instruments of a region or country, controlled by the government and issued by a central bank.

Fiat is a central currency used to buy consumer goods and pay for services in a certain place. It is basically made from paper, but in many parts of the world it is now made using cotton and linen to prevent it from being easily counterfeited.

Money has a long history in the market, its date of creation (in the model we know in the United States of America) is the year 1690 and since then it has taken various forms but has never ceased to be issued centrally and under bank issuance & regulation from the government.

How paper money is made

For money to be issued, 4 components need to be consolidated:

The paper the money will be printed on

The ink that will allow the designs to take shape on paper

Plates which is the component that allows to put ink onto the paper money

The printing process that enables the paper, ink, and design plates to be printed together to form the US dollar paper bill

The money making process is confidential and everyone involved in the production has restricted knowledge. The role of money production has undergone several transformations to avoid counterfeiting and today it is not paper at all!

It is composed of cotton and linen that has anti-counterfeiting measures, ink also has characteristic components that the government mixes to prevent the money from being counterfeited and are distributed to the paper note using a random way.

At the Federal Reserve it is possible to know in fact what it costs to print each dollar bill, to say that it costs money to be able to make more money.

Therefore, as we can see, the money is centralized in nature, the issuance is made by the central bank, it could suffer forgery and also does not have a fixed supply and can always be printed as soon as the government allows it.

Bitcoin Cash: A Decentralized Revolution

First, it is necessary to remember how the history of Bitcoin Cash arises, going back to the 2008 when a pseudonym named SATOSHI NAKAMOTO used his expertise to create and also publish the whitepaper - Bitcoin: A Peer-to-peer Electronic Cash system, which would revolutionize the history of the World's decentralized economy.

At the time the term, electronic cash, was not at all new and did not attract wide acceptance. This is because it was believed that electronic money could be easily tampered as most networks had central servers that could easily be exploited.

However, the whitepaper that Nakamoto published already addressed the issues of forgery and security. Using a cryptographic system where the blockchain records and place transactions on a DECENTRALIZED network, Satoshi created an immutable self-propagating Ledger.

The blockchain created by SATOSHI NAKAMOTO works effectively better than a bank, as it allows individuals to receive, store, and spend money in a decentralized way without the involvement of a third party paying lower fees.

It's a virtually tamper-proof network, it can't be turned off and don't have to rely on a third party to be part of the operation to make it happen. The network itself has a proof-of-work system that allows to create and handle money without having to rely on any financial institution.

With the growth of the market, there were clear reasons that allowed Bitcoin to evolve to continue and maintain a form of decentralized digital money, & thus Bitcoin Cash emerged from the hard fork of Bitcoin Core in 2017 .

Attention, Bitcoin Cash was not created in 2017 but had its hard fork to continue to maintain the form of decentralized digital money that Satoshi Nakamoto wanted so much and thus serve the vast majority of the world.

Thus, using Bitcoin Cash, people all over the world can easily store money in a DECENTRALIZED way, send it to family and friends, make donations quickly and at reduced costs, after all, Bitcoin Cash allows everyone to be their Own BANK .

The technology behind Bitcoin Cash allows developers to create Smart contracts that interact with the blockchain enabling various financial applications to be created further increasing the DECENTRALIZATION of money.

Bitcoin Cash is classified in some countries as a property , others as a commodity and bankers see the currency as a competitor while people consider Bitcoin Cash an alternative means of payment or even an investment instrument. Bitcoin Cash by nature has no borders and fee payments are not dependent on distance keeping rates low.

Bitcoin Cash has a useful application among merchants, vendors and the general public as it is decentralized digital money that allows people to make and receive payments for products they need or offer.

Bitcoin Cash is money because it has properties that make it so: it can serve as a store of value - it can be stored to be used at another time; unit of account - can be used to quote prices and also as a medium of exchange ensuring everyone can buy or pay for products and services using the currency.

With all this, it allows the creation of a decentralized economy based on Bitcoin Cash, framing a large majority that step by step finds in Bitcoin Cash a currency to hold and make good use of money.

The Bitcoin Cash blockchain has the capacity to process thousands of transactions and is even faster than certain banking instruments, thus justifying how money serves for what are the aspirations of individuals when they intend to make good use of money in merchants around the world who accept it the currency.

Fiat vs. Bitcoin Cash: A New Financial Era

Fiat money is a popular local or regional means of payment, controlled by the government issued by the central bank and can be issued at any time as it has no fixed supply.

On the other hand, Bitcoin Cash is decentralized digital money, it does not need third-party intervention to be transactional, it lives on the Internet (Blockchain) and can be used to make online payments anywhere in the world without interruptions.

Bitcoin Cash has a fixed supply of 21 million and rewards those responsible for holding the network in a DECENTRALIZED way using the proof-of-work system. It allows everyone to be part of it without exclusion.

It is necessary to realize that the world has 2 billion people who do not have access to the traditional financial system (unbanked) because many do not have money to open bank accounts or to maintain those accounts.

With Bitcoin Cash people can easily have a wallet with an address to keep the coins without needing custody and, when using it for payment pay lower fees. Thus, Bitcoin Cash users can bypass banking access issues and also enable individuals to participate in the decentralized Bitcoin Cash economy.

The DECENTRALIZATION of money has a greater focus with the use of Bitcoin Cash allowing more people to participate and preserve their wealth, after all, it is an alternative means that promotes protection against unlawful problems (seizures etc) that the government may lead.

And not only that, using the power of decentralization Bitcoin Cash can also help people overcome problems caused by political divergences that can have harmful effects on the financial system leading to calamities just by providing a practical, easy and safe way to store money in a personal non custodial manner.

Bitcoin Cash represents a modern phase in the decentralized economy which is marked by the rise of decentralization, independence, government-free and taking an active part in the world's economy.

Originated by Sir alberdioni8406 one of my friend in X

In today's article we dive into Cashonize and get to know about this complete storage for BCH and CASHTOKENS, enjoy.

Have you play Fluffy bird back then?. Where you fly over and under obstacles that you must avoid to hit. Then this game surely will get you back to the days you play Fluffy bird but with points to achieve and $ZRP CashToken to collect. Every week thousands of Zappy bird players are competing to be on top of the rank to earn and collect $ZRP CahToken depends on how you play your game. But don't be confident on your rank, for there other players who want to overtake your rank.

$ZRP CashToken can be swap on https://app.cauldron.quest/ from CashToken to $BCH. You can link your Zapit wallet throu wallet connect on cauldron so you can easily see your CashToken and $BCH balance. There's a little fee on swapping but it's just a penny that I think you can afford.

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BCH / BitcoinCash is a cryptocurrency that can be used in business transaction, or can be send to someone as a gift.

It's fast, convenient, easy to use, and with low transaction fee.

There's actually a lot of digital wallet that supports BCH. Few of them are: Paytaca Cashonize Bitcoin.com Selene Wallet Zapit Wallet ......and many more...

Make your every transaction fast and easy.... Shift to BCH🚀

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$POINTS token can be redeemed using twitch points or botrix points.

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$RAFFLE token

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Enjoy and Win... Let's go BCH 🚀

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Still in early stages of development, but it works! 😀 How to connect Electron Cash wallet to WalletConnect https://www.youtube.com/watch?v=IZQRqQuWPd0

Thank you BCH for making this possible. This is a huge windfall for some of the less fortunate folks.

Bchautist tweeted about the a PumpFun alike platform that is still on testnet and when deployed will be a game changer to the space. Things are getting cooked on BCH.

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What is Bitcoin Cash?

Bitcoin Cash (BCH) is a form of cryptocurrency much like Bitcoin. In fact, Bitcoin Cash was a fork of Bitcoin as a result of a chain split when a certain group of Bitcoin developers became dissatisfied with Bitcoin’s overall scalability direction.

In November 2018, the Bitcoin Cash community would later further split into Bitcoin Cash and Bitcoin SV via another hard fork. The latter camp, supported by Craig Wright and Calvin Ayre proposed a competing software version called Bitcoin Satoshi Vision that would take the block size limit further to 128MB.

On November 15th, 2020 the Bitcoin Cash experienced another hard fork. The forked occured on block #661647 have led to the launch of Bitcoin Cash ABC(BCHA). The Bitcoin Cash ABC network includes a miners' tax where 8% of the mining rewards will be distributed to the BCHA developers as financing for protocol development.

To sum it up simply, the Bitcoin Cash developers were originally dissatisfied with the decisions made in regards to Bitcoin’s development. Specifically, they were dissatisfied over the implementation of Segregated Witness (SegWit). The Bitcoin Cash developers believe that SegWit is a compromise to the decentralization of the Bitcoin network. They believed that the network could have increased its block size instead in order to allow Bitcoin to grow as a currency. Together, this group formed a plan to split from the Bitcoin blockchain and created Bitcoin Cash with a larger block capacity limit of 8 MB. Bitcoin went ahead with their plan to implement SegWit but the newly forked Bitcoin Cash did not implement SegWit. On 15 May 2018, the Bitcoin Cash block size limit was subsequently increased from 8 MB to 32 MB.

On 15 November 2018, Bitcoin Cash experienced a chain split from within its own community that resulted in the creation of Bitcoin SV. The creators of Bitcoin SV argued that Bitcoin Cash is no longer staying true to the original vision of the Bitcoin Whitepaper and decided to split off to form their own coin.

How does Bitcoin Cash differ from Bitcoin?

As Bitcoin Cash is a result of a chain split from Bitcoin, it shares much of Bitcoin’s fundamental workings. In fact, they even share the same history. 

Due to it being a fork of bitcoin, all on-chain data prior to the split are inherited. If you owned 1 bitcoin before the creation of Bitcoin Cash, you now have 1 BTC and 1 BCH, which can both be signed using the same private keys.

The Bitcoin Cash Online Meetup, hosted by Vikram, is a recurring online event where attendees can learn about the benefits and features of Bitcoin Cash. The meetup will take place on the 4th Sunday of every month, and will cover topics such as the decentralized nature of BCH, its lower transaction fees, and its potential for everyday payments and cross-border transactions.

Bitcoin Cash (BCH) is a cryptocurrency that emerged as a result of a hard fork from Bitcoin (BTC) on August 1, 2017. Here’s a brief overview of its history:

Background

• Bitcoin's Growth: As Bitcoin gained popularity, its blockchain faced scalability issues. Transaction speeds slowed, and fees increased, leading to debates within the Bitcoin community about how to handle these challenges.

The Hard Fork

• Scaling Debate: The primary contention was between two groups: those who supported increasing the block size to allow more transactions (the Bitcoin Cash camp) and those who preferred to implement solutions like the Lightning Network (the Bitcoin camp).
• Launch of Bitcoin Cash: On August 1, 2017, Bitcoin Cash was created when miners and nodes that supported the larger block size (initially 8 MB) split from the Bitcoin blockchain. This was intended to allow for more transactions per block, thereby reducing fees and increasing transaction speed.

Development and Features

• Block Size Increase: Bitcoin Cash initially increased the block size limit to 8 MB, and it has since undergone further increases, with the current limit at 32 MB. This was aimed at improving scalability.
• Community and Ecosystem: The BCH community has focused on promoting it as a medium of exchange, emphasizing faster transactions and lower fees compared to Bitcoin.

Challenges and Controversies

• Internal Divisions: Like many cryptocurrencies, Bitcoin Cash has experienced its own internal disputes. In November 2018, a contentious split occurred, resulting in the creation of Bitcoin SV (BSV) after further disagreements over the future direction of BCH.
• Market Adoption: While Bitcoin Cash has gained some traction among merchants and users, it has faced challenges in competing with Bitcoin and other cryptocurrencies in terms of market adoption and perception.

Current Status

• Development: Bitcoin Cash continues to be actively developed, with ongoing efforts to improve its technology and increase adoption.
• Market Position: As of the latest updates, Bitcoin Cash remains one of the top cryptocurrencies by market capitalization, but it is often overshadowed by Bitcoin and Ethereum.

Bitcoin Cash represents a significant chapter in the broader story of cryptocurrency, highlighting the ongoing debates over scalability, governance, and the future of digital currencies.