Bitcoin VS Bitcoin cash 🔥 Bitcoin price 🔥 Bitcoin cash news Bitcoin news Btc price Bitcoin cash bch

Bitcoin cash news 🔥 Bitcoin cash bch 🔥 Bitcoin news 🔥 Btc price 🔥 Bitcoin VS Bitcoin cash
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⚡ What is Bitcoin Cash BCH crypto
A Peer-to-Peer Electronic Cash System.
Bitcoin Cash (BCH) is a peer-to-peer electronic cash system, which aims to enable “new economies with low fee micro-transactions, large business transactions, and permissionless spending”.
Bitcoin Cash originated from an upgrade proposal of Bitcoin, that increased the maximum block size from 1 megabyte to 8 megabytes, which ultimately led to a hard-fork on August 1st, 2017 . Since then, additional changes have been approved, such as a new difficulty adjustment algorithm, the support of new opcodes, Schnorr Signatures, and further extensions in the block size.
Bitcoin Cash uses the same SHA-256d-based Proof-of-Work consensus mechanism as Bitcoin. Bitcoin Cash also has a target block time of 10 minutes, and its total supply is capped at 21 million.
On November 16th 2018, the Bitcoin Cash blockchain withstood another hard-fork, which resulted in a chain split into Bitcoin Cash SV and Bitcoin Cash ABC. Since then, Bitcoin Cash ABC has commonly used the BCH ticker and referred to as Bitcoin Cash.
The Bitcoin Cash network has protocol upgrades twice a year, on November 15th and May 15th. These upgrades are required for all node operators . For instance, on May 15th 2018, Bitcoin Cash upgraded to increase its block size to 32 megabytes.
Bitcoin Cash uses the same consensus mechanism as Bitcoin, in which anyone can join the network and become a bookkeeping service provider, or validator. All validators are allowed in the race to become the block producer for the next block, yet only the first to complete a computationally heavy task will win. This feature is called Proof-of-Work (“PoW”).The probability of any single validator to finish the task first is equal to the percentage of the total network computation power (or hash-power ) the validator has. For instance, a validator with 5% of the entire network computation power has a 5% chance of completing the task first and therefore becoming the next block producer.Since anyone can join the race, competition is never fixed. In the early days, Bitcoin mining was mostly done by personal computer CPUs. Yet today, most bitcoin validators, or miners, have opted for dedicated and more powerful devices such as ASIC-based machines.

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The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. CryptoOK and affiliates are not responsible for individual loss due to poor trading decisions or any other actions which may lead to loss of funds.

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