Bitcoin Cash (BCH) is a cryptocurrency created through a 2017 hard fork of the Bitcoin network. It aims to solve Bitcoin's scalability and transaction fee issues by: 1) increasing block size; 2) adopting segwit technology; 3) improving scalability; 4) reducing transaction fees. Additionally, Bitcoin Cash is compatible with the Bitcoin network, allowing for easy transfer of funds.
What is Bitcoin Cash?
Bitcoin Cash (BCH) is a cryptocurrency that was created in August 2017 through a hard fork of the Bitcoin network. It aims to solve two main problems of Bitcoin: scalability and transaction fees.
Scalability Issues
As Bitcoin grew in popularity, the network became congested, resulting in long transaction confirmation times and high transaction fees. Bitcoin has a block size limit of 1MB, which limits the number of transactions the network can handle per second.
Transaction fee issues
Due to network congestion, transaction fees have increased significantly. At its peak, transaction fees can reach hundreds of dollars, making Bitcoin less useful.
Bitcoin Cash’s Solution
Bitcoin Cash aims to solve these problems by:
- Add Zone Block Size: Increase Bitcoin's 1MB block size to 8MB, which allows the network to handle more transactions.
- segwit Compatible: Adopts Segregated Witness (SegWit) technology, which saves space by separating transaction signatures in blocks.
Features of Bitcoin Cash
- Faster transaction confirmation: Due to larger block size, transactions Get confirmations faster on the Bitcoin Cash network.
- Lower Transaction Fees: Due to network competition, Bitcoin Cash transaction fees are generally much lower than Bitcoin.
- Enhanced scalability: Larger block sizes allow the network to process more transactions, improving scalability.
- Backward Compatibility: Bitcoin Cash is compatible with the Bitcoin network, which makes it easy to transfer funds between the two networks.
The above is the detailed content of What is Bitcoin Cash. For more information, please follow other related articles on the PHP Chinese website!
The Pi Network token price has increased by more than 14% over the past week.Apr 16, 2025 am 11:22 AMAs of press time, Pi is trading at $0.6711 after its integration with Chainlink on April 12th. The announcement caused a surge in the price of Pi
More Reasons to Be Bullish on SUI as Price Enters Prime Buying ZoneApr 16, 2025 am 11:20 AMAn analyst on X, Frigg, highlights multiple reasons to be optimistic about SUI Network price trajectory.
Bitcoin (BTC) Sentiment Is Turning Bullish as Over $467 Million of the Cryptocurrency Was Withdrawn From Exchanges YesterdayApr 16, 2025 am 11:18 AMFollowing today's data released by IntoTheBlock, sentiment around Bitcoin appears heightening towards bullishness.
Movement Labs and the Movement Network Foundation have launched an independent investigation into recent market-making irregularities related to the MOVE token.Apr 16, 2025 am 11:16 AMnt Labs and the Movement Network Foundation Launch Independent Investigation into MOVE Token Market-Making Irregularities
![A wave of capital is flowing out of Ethereum [ETH] and into Tron [TRX]](https://img.php.cn/upload/article/001/246/273/174477326297054.jpg?x-oss-process=image/resize,p_40)
A wave of capital is flowing out of Ethereum [ETH] and into Tron [TRX]Apr 16, 2025 am 11:14 AMWith $1.52 billion in stablecoins migrating to Tron, investors appear to be favoring lower-cost chains and diversifying beyond traditional USD-backed assets.
Mantra CEO John Patrick Mullin Burns His Allocation of OM Tokens to Restore Investor ConfidenceApr 16, 2025 am 11:12 AMMantra CEO John Patrick Mullin has proposed burning his allocation of OM tokens in a move aimed at restoring investor confidence after the protocol's native token suffered a sharp collapse.
Recent market movements and technical analysis suggest that BONK may be on the brink of a significant price surge, outpacing Solana's broader ecosystem.Apr 16, 2025 am 11:10 AMTechnical Setup for Bonk Price Recovery According to prominent crypto analyst Altcoin Sherpa, Bonk is showing signs of a potential rebound.
Securitize Acquires MG Stover's Fund Administration Business to Become the Largest Digital Asset Fund AdministratorApr 16, 2025 am 11:08 AMSecuritize, one of the largest tokenized asset issuers, said on Tuesday it has acquired MG Stover's fund administration business
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
AI Hentai Generator
Generate AI Hentai for free.
Hot Article
Hot Tools
SAP NetWeaver Server Adapter for Eclipse
Integrate Eclipse with SAP NetWeaver application server.
Dreamweaver CS6
Visual web development tools
Zend Studio 13.0.1
Powerful PHP integrated development environment
EditPlus Chinese cracked version
Small size, syntax highlighting, does not support code prompt function
MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.
