What is Bitcoin Cash (BCH) & how does it work?

What Is Bitcoin Cash (BCH), and How Does It Work? Bitcoin Cash (BCH) is a cryptocurrency that was created and launched to bring decentralization back to cryptocurrency. It is the result of a 2017 Bitcoin " hard fork ," which occurs when an existing blockchain splits into two.

How to buy Bitcoin Cash instantly?

BCH is the currency code for Bitcoin Cash. Just like real-world money, where USD is U.S Dollars and GBP is Great British Pounds, every cryptocurrency has its own code. 3. Once you click on Buy Bitcoin Cash Instantly, Coinbase will ask you to confirm your payment details. Click Confirm. And that’s it, it’s as easy as that!

What happened to Bitcoin Cash?

The split took place in 2017 and since then, Bitcoin Cash has become one of the largest cryptocurrencies to emerge from Bitcoin. It has made a number of subtle but significant changes to distinguish itself from Bitcoin, namely larger block size and faster transaction times. Bitcoin was designed so that no one group or person could control it.

Is Bitcoin Cash a 'fork' of bitcoin?

It is considered a 'fork' of Bitcoin, although proponents argue that Bitcoin Cash more closely adheres to the original vision of creating a peer-to-peer electronic cash system as laid out in a 2008 white paper written by the founder of the protocol, a person or group going by the pseudonym Satoshi Nakamoto.