The cryptocurrency niche is currently one of the most popular in terms of remote earnings. Users invest in the purchase of different coins, use mining, cranes and so on.
At the same time, the number of new crypto money grows, but not all of them appear from scratch, some are created on the basis of already existing coins.
The Cryptocurrency BItcoin Cash is a new round of Bitcoin, formed in early August 2017. Sometime something like this happened since then the currency Ethereum Classic appeared.
The changes should have happened, because the minuses of the most popular crypt were and needed to be corrected.
This cryptocurrency was formed quite recently, but the course from the start was high. It appeared after making changes to the Bitcoin code.
Due to the fact that there were problems with the speed of transfers and many people complained about too small blocks, it was decided to add a new algorithm.
If they simply replaced Bitcoin, each client would have to update the software and carry out other actions.
Everyone knew that on August 1 something would happen, but no one knew that this would be the split of the most popular crypt. The Bitcoin Cash rate is growing now, but not at such a serious pace:
Many people believe that the rate will continue to grow, because this cryptocurrency refers to Bitcoin, and they have already shown their solidity. The Bitcoin Core development team was looking for a compromise that would solve the problem of
Bitcoins and at the same time not harm the users. Only by dividing it into 2 separate currencies, this was achieved.
It is too early to judge growth rates because the coins were introduced a little more than a month ago. They are supported not by all exchanges, many are afraid of them, but in fact, they are of real interest.
It was originally planned to switch to SegWit, where the unit would occupy 1 MB. The miners opposed this and asked to use 2 MB blocks. Most users voted for this, but on August 1 it turned out that the "big bumps" decided to fix it.
Older Bitcoins work the same way as before, the advanced model was called Bitcoin Cash.
It is possible that in the future the network of this cryptocurrency will grow and its rate will soar even higher, at the moment it is difficult to judge. Let's see, how this “analog” differs from the original :
Ordinary users do not have to understand this. In simple terms, Bitcoin Cash is an advanced Bitcoin. There will not be the same high commissions for transactions and will not have to wait long for numerous confirmations.
All BTC holders were offered to transfer their coins to BCH. However, not everyone will be able to do this. This option remains only for users of accounts with keys. Simply put, who used the client wallet, not the online version.
The administration of all services where it was possible to open online wallets (including) stated that they did not plan to introduce a new cryptocurrency. Therefore, users will not be able to change the crypto money.
Some services (such as
), on the contrary, stated that all BTC are automatically translated into BCH for each user.
Under Bitcoin Cash, taps have not yet been created, as well as other services. These are new coins, even miner programs have not added them yet.
Given the exchange rate, it will be hard to mine. However, new users already have a wide choice of where to open a Bitcoin Cash account, which we will discuss below.
Like any other coins, BCH can be exchanged using any cryptocurrency. Popular exchanges also cause distrust of the new crypt, but on some sites the currency has already appeared.
Only some cryptocurrency exchanges have connected a new cryptocurrency because they are confident in its prospects. Over time (if the network continues to grow), we will see BCH on other resources, including the usual exchangers.
Now exchange operations Bitcoin Cash are offered on these sites:
The data is taken from the official website, some are Asian exchanges, they do not even have an English translation.However, experienced users will not interfere with the exchange operation.
Someone started using stock exchanges to make money on trading, some simply buy Bitcoin Cash coins to save them (count on prospects).
In principle, each of the presented exchanges can be used as a wallet for storing a new cryptocurrency. However, it is not safe enough and is not always convenient. There are several quality projects that are ideal for storing coins:
All services are stable and of high quality, but you should learn more about them before installing clients or registering. Check the interface, read the rules, each user has their own preferences.
Possessing any wallet, it is easy and simple to buy Bitcoin Cash for any other currencies.
Many people use exchanges such as
to create multi-currency wallets. The administration of this project still does not comment on when the account will be opened for Bitcoin Cash, and many exchanges have taken a similar (waiting) position. They want to make sure that this crypto money really becomes promising.
Similar turning points in the field of cryptocurrency will be observed many more times. As long as Bitcoin Cash has a high rate against the dollar and ruble, interest in coins will not disappear.
Well, judging by all the factors, the crypt has prospects. I would be grateful if you share your thoughts on the development of BCH in the comments.
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