What is bitcoincash

Please note that the procedure will differ if the address is suspected in connection to illegal activity. In such cases, we will not be able to issue a refund without KYC, and we will require additional documents. Please contact our support team for more information. Invest in bitcoin cash So one group of developers worked on an alternative way for Bitcoin to scale. Instead of sticking to Bitcoin’s traditional size of 1 MB per block, what if the block size increased to 8 MB, making Bitcoin 8x as capable of processing transactions? This, theoretically, would optimise it for payments.

Currently, the price of Bitcoin Cash is trading around $113, which is almost 4% up from the last 24 hours. Despite the mixed trends, Bitcoin Cash holds the potential to go up and could hit $458 by 2025. If you are looking for Bitcoin Cash predictions, our in-depth analysis aims to answer your questions like, Is Bitcoin Cash a good investment? how high will Bitcoin Cash go? Is Bitcoin Cash expected to rise? Before we start with detailed Bitcoin Cash price forecast, let’s dive into the coin’s overview. Benefits for Merchants Bitcoin Cash is a fork of Bitcoin that was created in August 2017. The main difference they have is the block size of their network. Bitcoin has a block size limit of 1MB, while Bitcoin Cash's network has a 32 MB block size limit.

A Bitcoin Cash wallet helps you protect your private key, not storing your Bitcoin Cash. If you are fairly new to cryptocurrencies you might still be struggling with the concept of private key and why it’s so important. Perhaps you just get into cryptocurrency by purchasing coins on an exchange platform but didn’t even realize that they hold the private keys to your cryptocurrency. Why store Bitcoin Cash with Coin Wallet? Something went wrong while loading Watchlist.

The history of Bitcoin Cash starts with a philosophical debate on how to handle Bitcoin's scalability concerns. These issues were always an issue for Bitcoin developers. By 2017, the concerns were at the point where something had to be done. Bitcoin's network had outgrown its technical capabilities. Currencies We Support Important note: Always do further, independent research, and always consult a financial investor before investing. Also, keep in mind that it's crucial to keep your cryptocurrencies in secure digital wallets, such as Ledger Nano S, Trezor Model T, and Coinbase.