Bitcoin Cash

by admin , September 10, 2018

Bitcoin Cash

Since its creation nine years ago Bitcoin has been growing exponentially and has become the strongest cryptocurrency available. Not only is the world’s first but also the most expensive, stable and popular cryptocurrency.

In Spite of all this, is not perfect, one of the most pressing issues has been the scalability . In more details the size of the block, that since its creating it was limited to one MB. This limit causes delays in transaction processing times and limit the number of transactions a network can process.

To solve this issues a Hard Fork was created on August 1 2017 and a new currency was created , Bitcoin Cash, all the users that owned bitcoin, they received the same amount in they Bitcoin Cash wallet.

This new currency solved the block issue, where now it allowed eight MB Blocks. The goal was to be able to increase the numbers of transactions processed by the network so it could compete with the numbers of transactions processed by Paypal, Visa .

Since its creation Bitcoin Cash has become Bitcoin’s most successful by product.