Bitcoin Cash (BCH)

What is Bitcoin Cash?

  • ✔ Hard fork of the cryptocurrency bitcoin
  • ✔ Goal of the fork was to increase the number of transactions
  • ✔ Utilises a different blockchain and has an another network

Buy BCH

Advantages

  • Fast transactions in seconds. Confirmed in minutes
  • Reliable network that runs without congestion
  • Very low fees
  • Stable payment system that's proven store of value
  • On-chain scalability
  • New transaction signatures
  • Emergency Difficulty Adjustment (EDA)
  • Decentralized development

Disadvantages

  • Not yet accepted everywhere
  • The addresses follow the same specifications as Bitcoin's. This has made people mistakenly send funds from one chain to addresses in the other, losing the funds or causing extreme hassles in the process
  • The official Bitcoin Cash (equivalent to Bitcoin Core) has the same paths as the Bitcoin Core client. This makes it impossible to run both on the same computer at the same time, at least with the settings they have out of the box