BITCOIN CASH

On 1 August 2017. Bitcoin scalability debate led to the cryptocurrency split. Bitcoin scalability debate is all about the size of blocks in the blockchain. The legacy Bitcoin code had a maximum limit of 1MB of data per block. With the demand in Bitcoin, blocksize started having issues as the capacity hit the “invisible wall”. To resolve this issue, developers and miners came over with various solutions but ended into the split and generated Bitcoin Cash.
Bitcoin Cash is a duplicate version of Bitcoin that shares the same history. Bitcoin Cash is a chain coming out of the split, setting block size limit to 8MB to enhance the number of transactions its ledger can process.

Features:


1. Scalability – Hard fork from Bitcoin, Increased Block size from 1MB to 8MB.
2. New Transaction Signatures – SigHash is a new way of signing transactions. It provides replay protection, improved hardware wallet security and elimination of the quadratic hashing problem.
3. Forked - Bitcoin Cash provides the complete history. It has not been created from scratch. Bitcoin Cash is just another modified cryptocurrency on the market.
Generally, people get confused over the ownership of Bitcoin Cash. Yes, it is true that anyone who held Bitcoin at the time of creation of Bitcoin cash automatically became owners of Bitcoin Cash. It implies Block 478558 was the last common block and thus the first Bitcoin Cash block was 478559. Thus, Bitcoin holders as of Block 478558 have the same amount of BCC as they had Bitcoin at that time.
Any transaction after 1st August split is completely separate. Now, Bitcoin after the split does not involve any Bitcoin Cash, and any Bitcoin Cash does not include any Bitcoin.
BCH/BCC are the ticker symbol for Bitcoin Cash.
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