Bitcoin Cash is a digital currency that’s a fork of the bitcoin blockchain. It was created in 2017. BTCH was started by bitcoin miners and development that are concerned about the future of the bitcoin cryptocurrency, and its ability to scale effectively.
It brings sound money to the world, fulfilling the original promise of bitcoin as peer-to-peer electronic cash. Moreover, these people had their reservations about the adoption of a segregated witness tech. So, they felt as though SegWit2x did not address the issue of scalability in a more meaningful way, and it did not follow the roadmap Satoshi Nakamolo listed earlier.
In 2017, Some miners and developers created a hard fork, a new currency known as BCH (Bitcoin Cash). BCH comes with its own blockchain and specs. It has created an increased block size of 8MB to accelerate the verification process, with an adjustable level of difficulty. This is to make sure that chains survive and transaction verification speed, regardless of the number of miners supporting it. As of 2018, BTCH’s maximum block size increased 4x to 32MB limit.
However, with bitcoin cash, you can send money to anyone, anywhere 24/7. There’s no closing time or Off day with BCH, no transaction is too small or too big. Also, you don’t need to be permitted or approved by anyone.
BCH is able to process transactions faster than BTC, this simply means that the wait times are shorter and the processing fee for the transactions is lower. Due to the fastness of the BCH, it can handle many transactions each second.
Bitcoin Cash Wallet
BCH wallet offers simple transactions and multi-level security features. It’s a free wallet with an inbuilt exchange and easy-to-use interface. With BCH wallet, you will enjoy enhanced security- 2-factor authentication, Fingerprint login email confirmation for each transaction, and PIN code, buy BCH right in the app.
Send and receive. BCH right in the app, enjoy excellent user support, and many more.
How To Download Bitcoin Cash Wallet
The BCH wallet is an app that lets you transfer and receive BCH with ease. So to get this app, there are steps to take, here they’re
- Progress to the app store
- On the app store, key in “Bitcoin cash” in the search tool
- Find the app and click on it.
- Select the install button and you’re good to go
The above steps are procedures on how to download the BTCH wallet on your device.
Bitcoin Cash Price
Bitcoin Price as the time of this writing is as follows
BCH/USD – $1337.83
These are the BCH price today. The price can change at any time, to keep you updated, follow the BCH price chart.
Bitcoin Cash Mining
Mining is another amazing way to support the network and also earn some BCH same time. It has to do with solving complex mathematical puzzles. Miners get substantial rewards for successfully mining a block of transactions. For the BCH network the reward is 12.5BCH per block plus all the transaction fees within that particular block.
How To Mine Bitcoin Cash
However, to mine BCH you need to invest money into specialized mining equipment. You should also know the amount you’re investing in the mining and the amount that should return back to you. Do the following to start mining
- Get a bitcoin cash wallet
- Backup your wallet to keep it secure
- Decide if you want to join a mining pool or you want to be mining on your own.
- Connect your mining hardware to a power outlet.
- You will need mining software on your computer in order to control and monitor your mining rig.
- If you joined a pool, it mostly has its own software, so just plug it into an outlet. And you will need to enter your username and password, the pool address.
These are steps to mine BCH.