Who are the Founders of Bitcoin Cash ?
Bitcoin Cash was created by a group of developers and stakeholders in the Bitcoin community who were dissatisfied with the scalability of Bitcoin. The key figures behind the creation of the project include Roger Ver, Jihan Wu, and Dr. Craig Wright.
What is the History of Bitcoin Cash ?
Bitcoin Cash was created on August 1, 2017, as a result of a hard fork from Bitcoin. The fork was the result of a long-standing debate in the Bitcoin community about how to address scalability issues faced by the cryptocurrency. Some members of the community felt that increasing the block size limit was the solution, while others felt that implementing second-layer solutions such as the Lightning Network was the way forward.
In the end, the hard fork resulted in the creation of two separate cryptocurrencies, Bitcoin and Bitcoin Cash. Since its creation, it has grown to become one of the largest cryptocurrencies by market capitalization and has been adopted by many individuals and businesses as a form of payment.
What is the Purpose of Bitcoin Cash ?
The purpose of Bitcoin Cash is to offer a more scalable and efficient solution for daily transactions compared to Bitcoin. It aims to increase the block size limit from 1 MB to 8 MB, allowing for more transactions to be processed per second. This increased block size allows for lower transaction fees and faster confirmation times, making it more suitable for everyday use.
What is the Vision of Bitcoin Cash ?
The vision of Bitcoin Cash is to become a peer-to-peer electronic cash system that is accessible to everyone, regardless of their geographical location or financial status. The team behind the project aims to create a decentralized and borderless financial system where individuals have full control over their money and can send and receive payments without intermediaries.
What are the BCH Tokens ?
The tokens in Bitcoin Cash are called BCH, and they are used for transactions and as a store of value. BCH can be bought, sold, and traded on various cryptocurrency exchanges and can also be used to purchase goods and services from merchants who accept it as a form of payment.
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