Bitcoin Cash (BCH / BCHSV): What It Is & Information
Finally, on August 1, 2017, bitcoin went through a hard fork that gave birth to Bitcoin Cash. We are not going to be telling you which side is right and which side is wrong, that is totally up to you but BitcoinCash definitely is not the real Bitcoin in our eyes but anyway choose on your own.
Bitcoin Cash is the version of Bitcoin in which the original properties of digital money still exist. To learn more about the original idea of Bitcoin, we recommend that all newcomers read at first the Bitcoin Whitepaper.
Bitcoin Cash is also the Bitcoin that was made to spend like Money and the Bitcoin Core is made as Store of Value like Gold. (Which is just n
As we said on the Top of this text everybody chooses on its own which is the real Bitcoin but the people that had Bitcoin when the Fork happened in August 2017 were also Credited 1:1 with Bitcoin Cash for every Bitcoin they were holding at this time. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.
All Bitcoin holders as of block 478558 are also owners of Bitcoin Cash.
Bitcoin Core developer and Blockstream CTO Adam Back is one of many “experts” who considers a slow, expensive network to be ideal just like Satoshi mentioned on BitcoinTalk in 2010 on the WikiLeaks drama.
Bitcoin Cash Technical Information:
Coin limit | 21 Million |
Algorithm | SHA-256 |
Mean block time | 2.5 minutes |
Difficulty retarget | Block 478558 |
Block reward details | Bitcoin Hardfork 2017 |
Initial reward | 12,5 BCH |
Current block reward | 12,5 BCH |
Block explorer | explorer.bitcoin.com/bch |
Created by | Roger Ver |
Creation date | August 1th, 2017 |
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