What is Bitcoin Cash and how does it differ from Bitcoin?

Bitcoin Cash is a cryptocurrency that was created in August 2017 as a hard fork of Bitcoin.

Bitcoin Cash has a few key differences from Bitcoin:

-Bitcoin Cash has a larger block size limit of 8 MB, compared to Bitcoin’s 1 MB block size limit

-Bitcoin Cash implements replay protection, meaning that transactions on the Bitcoin Cash blockchain can’t be replayed on the Bitcoin blockchain

-Bitcoin Cash has a different hash algorithm (SHA-256d) than Bitcoin (SHA-256), which means that mining hardware designed for Bitcoin can’t be used to mine Bitcoin Cash

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How to get your Bitcoin cash

If you owned Bitcoin at the time of the fork (August 1st, 2017), then you also own the same amount of Bitcoin Cash. This is because when a blockchain forks, all the addresses on the original blockchain are copied to the new blockchain.

If you didn’t own any Bitcoin at the time of the fork, you can still get Bitcoin Cash by buying it on an exchange or through a peer-to-peer transaction.

Bitcoin Cash is also available through some cryptocurrency ATMs.

To learn more about Bitcoin Cash, check out our guide on everything you need to know about Bitcoin Cash.

How to get started with Bitcoin Cash

If you’re new to Bitcoin Cash, here’s a quick and easy guide on how to get started.

  1. First, you’ll need to set up a Bitcoin Cash wallet. We recommend using the official Bitcoin Cash Wallet for Android or iOS.
  2. Once you have a wallet set up, you can buy Bitcoin Cash on an exchange like Coinbase, Kraken, or Bitstamp.
  3. You can also get Bitcoin Cash through a peer-to-peer transaction or by buying it at a crypto ATM.
  4. Once you have your Bitcoin Cash, you can use it to buy goods and services, send money to friends and family, or hold onto it as an investment.

For more information on how to get started with Bitcoin Cash, check out our complete guide.

source bitclout coins

The Benefits of using Bitcoin Cash

Bitcoin Cash has a few advantages over Bitcoin:

– Bitcoin Cash has a larger block size limit, which means that more transactions can be processed per block. This allows for faster and cheaper transactions.

– Bitcoin Cash implements replay protection, which means that transactions on the Bitcoin Cash blockchain can’t be replayed on the Bitcoin blockchain. This protects users from potential fraud and double-spending.

– Bitcoin Cash has a different hash algorithm (SHA-256d) than Bitcoin (SHA-256), which means that mining hardware designed for Bitcoin can’t be used to mine Bitcoin Cash. This gives Bitcoin Cash a more decentralized mining network.

Overall, Bitcoin Cash is a more versatile and user-friendly cryptocurrency than Bitcoin. If you’re looking to get started with cryptocurrency, we recommend buying Bitcoin Cash.

Bitcoin Cash is a cryptocurrency that was created in August 2017 as a hard fork of Bitcoin. Bitcoin Cash has a few key differences from Bitcoin, including a larger block size limit and replay protection.

If you owned Bitcoin at the time of the fork, you also own the same amount of Bitcoin Cash. If you didn’t own any Bitcoin at the time of the fork, you can still get Bitcoin Cash by buying it on an exchange or through a peer-to-peer transaction.

 

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