coinmapai199
Contributor
BCH is the abbreviation of "Bitcoin Cash".
BCH is a fork or hard fork of Bitcoin, which was born on August 1, 2017. This fork is mainly due to differences in the Bitcoin community on the issue of scaling. Some developers and miners hope that Bitcoin can support larger transaction blocks in order to process more transactions, while others want to maintain Bitcoin’s As is. As a result, BCH came into being, with a block size limit much larger than the original Bitcoin's 1MB.
BCH aims to become a global electronic cash system that allows people to conduct transactions quickly and at low cost. Due to the increase in transaction block size, BCH can theoretically handle more transactions than original Bitcoin, and transaction confirmation times are also faster. This makes BCH in some ways more suitable as a currency for daily transactions.
However, it should be noted that due to the relatively short history of the birth and development of BCH, its market acceptance, stability and security will take time to observe and verify. In addition, due to the volatility and uncertainty of the cryptocurrency market, investing in BCH also carries certain risks.
In summary, BCH (Bitcoin Cash) is a Bitcoin-based fork project that aims to become a global electronic cash system, but investors need to carefully assess its risks.
BCH is a fork or hard fork of Bitcoin, which was born on August 1, 2017. This fork is mainly due to differences in the Bitcoin community on the issue of scaling. Some developers and miners hope that Bitcoin can support larger transaction blocks in order to process more transactions, while others want to maintain Bitcoin’s As is. As a result, BCH came into being, with a block size limit much larger than the original Bitcoin's 1MB.
BCH aims to become a global electronic cash system that allows people to conduct transactions quickly and at low cost. Due to the increase in transaction block size, BCH can theoretically handle more transactions than original Bitcoin, and transaction confirmation times are also faster. This makes BCH in some ways more suitable as a currency for daily transactions.
However, it should be noted that due to the relatively short history of the birth and development of BCH, its market acceptance, stability and security will take time to observe and verify. In addition, due to the volatility and uncertainty of the cryptocurrency market, investing in BCH also carries certain risks.
In summary, BCH (Bitcoin Cash) is a Bitcoin-based fork project that aims to become a global electronic cash system, but investors need to carefully assess its risks.