follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit

Author Topic: History of bitcoin cash  (Read 4598 times)

Niko

  • Hero Member
  • *
  • Activity: 998
  • points:
    3322
  • Karma: 2
  • Trade Count: (0)
  • Referrals: 7
  • Last Active: July 19, 2019, 07:56:44 pm

  • Total Badges: 10
    Badges: (View All)
    Karma Good Search Quick Poster
History of bitcoin cash
« on: September 28, 2018, 10:07:11 am »
History

Rising fees on the bitcoin network contributed to a push by some in the community to create a hard fork to increase the blocksize. [14] This push came to a head in July 2017 when some members of the Bitcoin community including Roger Ver felt that adopting BIP 91 without increasing the block-size limit favored people who wanted to treat Bitcoin as a digital investment rather than as a transactional currency. [ 15] [16] This push by some to increase the block size met a resistance. Since its inception up to July 2017, bitcoin users had maintained a common set of rules for the cryptocurrency. [15] [12] investors, entrepreneurs, developers [15] and largely China based miners were unhappy with bitcoin's proposed SegWitimprovement plans intended to increase capacity and pushed forward alternative plans for a split that created Bitcoin Cash. [11] ] The proposed split included a plan to increase the number of transactions its ledger can process by increasing the block size limit to eight megabytes. [15] [16]
The would-be hard fork with an expanded block size limit was described by hardware manufacturer Bitmain in June 2017 as a "contingency plan" should the Bitcoin community decide to fork; the first implementation of the software was proposed under the name Bitcoin ABC at a conference that month. In July 2017, the Bitcoin Cash Name was proposed by mining pool ViaBTC.

In 2018 Bitcoin Core developer Cory Fields found a bug in the Bitcoin ABC software that would have allowed an attacker to create a block causing a chain split. Fields notified the development team about it and the bug was fixed. [17]
The research firm Chainanalysis noted that in May 2018, 17 largest payment processing services such as BitPay, Coinify, and GoCoin processed Bitcoin Cash payments worth of US $ 3.7 million, down from US $ 10.5 million processed in March. [18]

Bitcoin Cash is also referred to as Bcash. [19]
Trading

Bitcoin Cash trades on digital currency exchanges including Bitstamp, [20] Coinbase, [21] Gemini, [22] Kraken, [23] and ShapeShift using the Bitcoin Cash name and the BCH ticker symbol for the cryptocurrency. A few other exchanges use the BCC ticker symbol, although BCC is commonly used for Bitconnect. On 26 March 2018, OKExremoved all Bitcoin Cash trading pairs except for BCH / BTC, BCH / ETH and BCH / USDT due to "adequate liquidity. "[6] As of May 2018, daily transaction numbers for Bitcoin Cash are about one-tenth of those of bitcoin. [6]

By November 2017 the value of Bitcoin Cash, which had been as high as $ 900, had fallen to around $ 300, much of that due to people who had originally held Bitcoin selling off the Bitcoin Cash they received at the hard fork. [14] On December 20, 2017 it reached an intraday high of $ 4,355.62 and then fell 88% to $ 519.12 on August 23, 2018. [24]

Payment service providers

As of August 2018, Bitcoin Cash payments are supported by payment service providers such as BitPay, Coinify and GoCoin. [18]

Altcoins Talks - Cryptocurrency Forum

History of bitcoin cash
« on: September 28, 2018, 10:07:11 am »


fredrick4u

  • Jr. Member
  • *
  • Activity: 102
  • points:
    255
  • Karma: 1
  • Trade Count: (0)
  • Referrals: 3
  • Last Active: July 15, 2019, 06:30:14 pm

  • Total Badges: 8
    Badges: (View All)
    100 Posts too active, 25 Posts in one day 50 Posts
Re: History of bitcoin cash
« Reply #1 on: March 28, 2019, 11:07:33 am »
Bitcoin cash has progressed successfully over the years and it has become very popular with the high growing support from many crypto enthusiasts.

Altcoins Talks - Cryptocurrency Forum

Re: History of bitcoin cash
« Reply #1 on: March 28, 2019, 11:07:33 am »

cybersoft

  • Jr. Member
  • *
  • Activity: 49
  • points:
    258
  • Karma: 5
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 13, 2019, 03:39:52 pm

  • Total Badges: 11
    Badges: (View All)
    50 Posts Super active 50 Posts in one day Karma
Re: History of bitcoin cash
« Reply #2 on: May 02, 2019, 03:01:07 pm »
Good read.
The one thing I know for sure.
Bitcoin cash is the most successful hard fork ever.
The price of bitcoin reached up to $3,800 per coin during the last market bull run.
 


Rembang

  • Plagiarism strike
  • Full Member
  • *
  • *
  • Activity: 263
  • points:
    341
  • Karma: -54
  • authpaper.io
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: July 17, 2019, 01:42:07 am

  • Total Badges: 9
    Badges: (View All)
    Karma Good Karma 100 Posts
Re: History of bitcoin cash
« Reply #3 on: May 12, 2019, 06:25:55 am »
it is absolutely true that many other bitcoin and crypto use as long-term investments rather than transactions, and bitcoin investment is very profitable.
                 ███       █████      ███ ███     ███   ███    ███ ▄█▄ ███  ▐███       ███▌ ████▄█▀ ██████████▄ █████▀   ████████████         ████   ████         ███████████         █████████▀         ████         ████         ▀▀▀▀▀ Authpaper Coin     ▬▬▬▬▬▬▬▬▬▬▬▬▬▬         ▄███████████▄██████████████████        ███████████████░░░░░░░░░░░░░░░░██       ██████████████████████████████░░██      ███████████████████░░░░░░░░░░░░░░██      ███████████████████████████████░░██       █████████████████░░░░░░░░░░░░░░░██       ██████████████████████████████░░██        ██████████████░░░░░░░░░▄▀███████████████▀▄         ███████████████████████▄▀███████████▀▄██         ████████████░░░░░░░░░░████▄▀███████▀▄████       ███████████████████████████████▄▀███▀▄██████ █████████████████████████████░░████████▄▄▄████████ ███████████████████████████████░███████████████████ ███████████████████████████████░▀█████████████████▀ │ │ │ .BLOCKCHAIN BASED SYSTEM. .FOR DATA DELIVERY AND........ .CERTIFICATIONS......................██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ │ │ │ ..........WHITEPAPER..........
TWITTER MEDIUMGITHUB REDDITSLACK BTC TALK

Eben

  • Hero Member
  • *
  • Activity: 723
  • points:
    2085
  • Karma: 20
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: Today at 01:15:20 am

  • Total Badges: 11
    Badges: (View All)
    Search Karma Good One year Anniversary
Re: History of bitcoin cash
« Reply #4 on: July 04, 2019, 05:56:25 pm »
Also, Bitcoin Cash was created to overcome two of the major challenges being faced by Bitcoin. These two aspects have a significant impact on Bitcoin Cash price prediction, so let’s take a quick look at them:
Scalability: Due to the huge rise in popularity, Bitcoin has started to face some serious scalability issues. Bitcoin’s network is currently only able to processing 7-10 transactions per second.
Bitcoin Cash solves this problem by increasing the “block size”. This allows Bitcoin Cash to process a higher number of transactions per second when compared to Bitcoin.
Cost of transactions: Transaction fees are a major concern for Bitcoin users. Currently, the average transaction fee for Bitcoin is around $1.31, whereas it sits around $0.125 for Bitcoin Cash

 

ETH & Token Donations: 0xc9CbFe089EBC2E27236F53D8cD2Afd3d337385fc