Cryptocurrency Q&A
What is Bitcoin Cash (BCH) & how does it work?
What is Bitcoin Cash (BCH) & how does it work?
CoinPrince
Sun Jul 07 2024
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6 answers
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Could you elaborate on Bitcoin Cash (BCH) and its operational mechanism? I'm interested in understanding its fundamental principles and how it differs from its predecessor, Bitcoin (BTC). What are the key characteristics that set BCH apart, and how does its network function to facilitate transactions? Additionally, could you explain the mining process involved in BCH and how it contributes to the overall security and stability of the network? Lastly, how does BCH's scalability compare to other cryptocurrencies, and what are the potential benefits for users? Thank you for clarifying these points.
6 answers
DigitalCoinDreamer
Tue Jul 09 2024
The Bitcoin Cash (BCH) network serves as a prime example of how blockchain technology can be scaled to meet higher transaction demands.
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Valentino
Tue Jul 09 2024
Initially, the BCH network operated with a block size of 1 megabyte (MB), limiting its transactional throughput.
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Silvia
Mon Jul 08 2024
However, recognizing the need for increased capacity, the network underwent a series of upgrades.
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AmyDavis
Mon Jul 08 2024
These upgrades first increased the block size to 8 MBs, significantly improving the number of transactions that could be processed.
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CryptoProphet
Mon Jul 08 2024
Further advancements then pushed the block size limit to 32 MBs, representing a substantial leap in scalability.
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