Bitcoin Cash News

In May 2017, Bitcoin transactions could take up to four days to complete. The only way to make a transaction quicker was to pay a transaction fee, which at the end of 2017 was around $28. The delay and the cost of fees made Bitcoin impractical for making small purchases, which led to a new Bitcoin-based currency, Bitcoin Cash (BCH).

BCH is a cryptocurrency established from a hard fork that took place to manage Bitcoin’s scalability problem. Bitcoin Cash has several significant differences from Bitcoin: it is advertised as faster and cheaper to use, the maximum block size is eight megabytes, whereas the Bitcoin blocksize is one megabyte, and it has an emergency difficulty adjustment feature. Bitcoin Cash utilizes 0-conf (zero-conf), enabling nearly instant transactions, typically confirmed in the next block. However, this approach compromises security as it demands less mining power for block verification.