What is BCH and how does it work in the world of cryptocurrency?

3 answers

• Nov 23, 2021 · 3 years ago
  BCH, short for Bitcoin Cash, is a digital currency that was created as a result of a hard fork from the original Bitcoin. It aims to address some of the scalability issues that Bitcoin faced by increasing the block size limit. BCH operates on a decentralized network of computers called nodes, where transactions are verified and recorded on a public ledger known as the blockchain. Users can send and receive BCH just like any other digital currency, and it can be used for various purposes such as online purchases or investment. Overall, BCH offers a faster and cheaper alternative to Bitcoin for conducting transactions in the world of cryptocurrency.
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• Nov 23, 2021 · 3 years ago
  Bitcoin Cash, or BCH, is a cryptocurrency that was created in 2017. It functions similarly to Bitcoin, but with some key differences. One of the main differences is the block size limit, which is larger for BCH compared to Bitcoin. This allows for more transactions to be processed in each block, resulting in faster and cheaper transactions. BCH also aims to be more user-friendly by offering a simpler address format and lower transaction fees. It has gained popularity among cryptocurrency enthusiasts and is supported by various exchanges and wallets. In summary, BCH is a digital currency that offers improved scalability and usability compared to Bitcoin.
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• Nov 23, 2021 · 3 years ago
  Bitcoin Cash (BCH) is a digital currency that was created in 2017 as a result of a hard fork from Bitcoin. It was designed to address the scalability issues of Bitcoin by increasing the block size limit to 8MB. This allows for more transactions to be processed per block, resulting in faster and cheaper transactions. BCH operates on a decentralized network, similar to Bitcoin, where transactions are verified by miners and recorded on a public ledger called the blockchain. It can be used for various purposes such as online purchases, remittances, or as an investment. Overall, BCH offers an alternative to Bitcoin with improved transaction speed and lower fees.
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