Bitcoin Clone Is Here… Bitcoin Cash

Bitcoin Cash

I believe that the next generation is of Cryptocurrency as they are easily transportable, little to zero transaction fees, no human intervention between payor and payee, high anonymity, and even functionality. Money evolves, like anything else, and the natural evolution of money is always as a store of value that is easier to move, more secure, and more private. Bitcoin Cash is the brand-new entrant in digital currency. It was created on August 1, 2017 through a “hard fork.” I.e. by the splitting of the bitcoin blockchain. A hard fork is when a digital currency splits into two separate currencies. In this case, the original bitcoin split into bitcoin cash as a means of dealing with disagreements in the community over how the technology behind the currency should run.Everyone who held bitcoin before the split was entitled to the same number of “bitcoin cash” tokens, effectively receiving a free dividend. The blockchain split is the culmination of a long-term scaling debate within the digital currency community. Before the split, only 1 megabyte of transactions could be processed at any one time, which led to delays. Thus literally Bitcoin will be basically unaffected by the creation of the new cryptocurrency. Continue reading “Bitcoin Clone Is Here… Bitcoin Cash”