Bitcoin Cash (BCH)

Bitcoin Cash was introduced as a result of a hard fork from the original cryptoasset Bitcoin. It seeks to reflect Bitcoin founder Satoshi Nakamota’s original vision of a peer-to-peer electronic cash system, after Bitcoin focussed more on investment. Launched in 2017, Bitcoin Cash introduced larger blocks to enable faster transactions and lower fees, combatting the issues of smaller blockchains and a surge in the number of transactions faced by Bitcoin after they increased in popularity.

Bitcoin Cash, sold as BCH, focuses on simplicity and security, wanting to provide a fast and reliable service that lets users send money anywhere in the world and at the lowest cost possible. Like the original, Bitcoin Cash uses a Proof of Work mechanism to mine new coins, but is also capped at a maximum supply of 21 million, due to the Bitcoin Cash Protocol. As of September 2021, there are just under 19 million coins in circulation.

Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity. Bitcoin Cash intends to be a Bitcoin without Segregated Witness (SegWit) as soft fork, where upgrades of the protocol are done mainly through hard forks and without changing the original economic rules of the Bitcoin. Bitcoin Cash (BCH) is released on 1st August 2017 as an upgraded version of the original Bitcoin Core software. The main upgrade is the increase in the block size limit from 1MB to 8MB. This effectively allows miners on the BCH chain to process up to 8 times more payments per second in comparison to Bitcoin. This makes for faster, cheaper transactions and a much smoother user experience. Why was Bitcoin Cash Created? The main objective of Bitcoin Cash is to to bring back the essential qualities of money inherent in the original Bitcoin software. Over the years, these qualities were filtered out of Bitcoin Core and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development. The result is that Bitcoin Core is currently unusable as money due to increasingly high fees per transactions and transfer times taking hours to complete. This is all because of the 1MB limitation of Bitcoin Core’s block size, causing it unable to accommodate to large number of transactions. Essentially Bitcoin Cash is a community-activated upgrade (otherwise known as a hard fork) of Bitcoin that increased the block size to 8MB, solving the scaling issues that plague Bitcoin Core today.

Bitcoin Cash Bitcoin Cash bch -2.21% Bitcoin Cash gained a 10% price increase in 24 hours following its halving today and was one of the top gainers among cryptocurrencies as the markets lulled. Following the event, BCH climbed as high as $660 per CoinMarketCap. Despite the price hike, BCH traded 84% below its $4,355 all-time high, which it reached six years ago in 2017.

Like the Bitcoin (BTC) halving, BCH’s mining reward was reduced by 50%, tightening the cap on new tokens entering circulation. The BTC fork’s new block reward is now fixed at 3.125 BCH until 2028.

Expert: Bitcoin price action post-halving may be different this time On-chain monitoring tools point to April 20 as Bitcoin’s halving day amid institutional and retail demand underpinned by spot BTC ETFs, which were approved in January. Historically, volatility has swayed BTC and the broader crypto market before the halving.

The asset maintained this pattern to an extent, retracing as much as 14% within 24 hours early last month. Bitcoin declined 20% before its 2020 halving and over 38% in 2016.

Tonys Burger #Barriobitcoin

Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash". Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permission less innovation, and decentralized development.

All are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.

cross-posted from: https://realbitcoin.cash/post/2533

You can use your home PC to mine a variety of coins and be paid in Bitcoin Cash.

Install Rainbowminer - https://rbminer.net/

Once running navigate to the dashboard http://127.0.0.1:4000/ in your browser

Configure your BCH address in the Rainbowminer dashboard.

"Setup Coins" section

Click Submit

Configure the pool you want to use "Zergpool" is best

"Setup Pools" Section

Click Submit

Watch your mining activity and earnings @ https://zergpool.com/wallet

Dive into the captivating sounds of "Hijacking Freedom" by BitcoinJason! This track blends mesmerizing melodies with heartfelt lyrics, creating an unforgettable listening experience. A song of Roger Ver and the injustice that followed his outspoken views for liberty and personal sovereignty.

📝 Join the Movement! This song isn't just about the music; it carries a powerful message that resonates with many. We invite you to support our cause by signing the petition linked below. Your voice matters, and together we can make a difference!

👉 https://www.freerogernow.org/

So, I recently wrote a article reminiscing about Simple Ledger Protocol (SLP) and how they were such a great little things that worked great without much set up....

🎙️ Welcome to the Paul channel! In this short video, an update from Roger Ver when I asked him if he still believes in Bitcoin Cash

Bitcoin Cash is quickly becoming the go to chain where DeFi apps are being deployed since builders know they will not run into scaling issues which can threaten the growth of their apps.

Large businesses are starting to get attracted to the utility of Bitcoin Cash for making instant and secure payments.

Paytaca Talks Ep 17: Merchant Adoption Made Easy
https://youtu.be/csHW_4prKP8

Roger Ver - Bitcoin Jesus, ex Bitcoin Cash (BCH) promoter is arrested in Spain and waits for extradition to USA. His last interview in this video from Token2049 crypto conference in Dubai in 2024.

Continuing the series, here’s my yearly recap article of everything important that happened in Bitcoin Cash over the last year.