Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forks => Bitcoin Forum => Bitcoin Cash Forum => Topic started by: sulphur007 on April 10, 2020, 07:59:14 PM
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Bitcoin cash was one of the marvels of the bitcoin bubble. It is a fork from bitcoin. A fork of a cryptocurrency takes place when someone, anyone declares that a blockchain is going to be transferred to a new set of rules and network infrastructure.
The blockchain is a public ownerless database information, mostly transaction data, and anyone can get a copy of it and load it into their own system. The new system, which is likely a hacked about about version of the original code running the established crypto, is the new fork, it could be called Clem coin, bitcoin dung, utrillium (actually not a bad name for a new coin) or whatever. The fork then takes on a life of its own.
There are a lot of cryptocurrencies that people tend to ignore too much and attachh less attention to. Investing in these cryptocurrencies would bring about maximum profits and also would bring less worries in the fluctuations of their prices as they have really stable prices. Cryptocurrencies like ripple,monero,dash,binance coin,bitcoin cash,bitcoin sv, litecoin,ethereum and so many more can be invested on the platform (www . forex #spam .io) where you get from 25% to 100% ROI on whatever is invested in 10 days. Thank me later.
Bitcoin cash was a fork brought into existence to scale bitcoin-style transactions by having bigger blocks. These bigger blocks can contain more transactions and therefore allow a lot more business to flow through the system. Bitcoin’s system can get congested and fees can skyrocket and the time it takes for coins to go from one person to another can rise steeply. The bitcoin cash fork was to create a new crypto coin mostly like bitcoin that would not suffer from this.
As a factor of the immaturity of the cryptocurrency industry nothing happens without an uproar and the launch of bitcoin cash was no exception. What happened next, however, was at the time unique.
As a fork of this kind takes another coin’s existing blockchain, all the owners of coins in the old chain get the same coin in the new coin. That meant that bitcoin owners automatically got coins in bitcoin cash. Most imagined this would be the same as a spinoff of a company. Companies spin out new listed companies all the time.
So image a stock, one that has a bank and an insurance company as its businesses. The company decides to fork itself into two companies. Shareholders will get new shares in a new company that has the bank injected in it and will keep the share in the old one. The share price falls in the old company as much as the new share trades at. That way no or little money is magicked out of thin air from the get go
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I think Bitcoin cash is best forked coin in the market.BCH is offer the great system and Blockchain technology. Here is big profit in investment side for the people.also it potential project.So I'm sure Bitcoin cash is worth coin.
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Bitcoin cash is really worth investing because Bitcoin cash is one of the many bitcoin fork and is the most successful. It has several exchanges as partners like Binance, FTX, Kucoin, coinbase exchange, bitget, Huobi global kraken Bitstamp and OKX. So feel free to invest in Bitcoin cash
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Bitcoin is getting harder to mine. According to data from BTC.com, Bitcoin’s mining difficulty jumped 9.26% over the last two weeks. As difficulty increases, miners may face slimmer profits, since more computing power (and energy) is needed to mine while the value of Bitcoin has remained stagnant.
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We used to expect that BCH would replace BTC due to its power and speed, however the community chose BTC because of its decentralization and its position as the leader of the entire market. Usability is not the biggest goal for this market, new blockchains will serve that goal better than BCH. I think BCH should be seen as an asset rather than a means of payment.
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The value of Bitcoin Cash, like any cryptocurrency, is subject to fluctuations based on market demand and other factors. Whether or not Bitcoin Cash is worth it depends on an individual's investment strategy, risk tolerance, and personal beliefs about cryptocurrencies.