Bitcoin Cash (BCH) is a cryptocurrency similar to Bitcoin (BTC) but it also incorporates several unique features. A split of the cryptocurrency bitcoin led to the creation of bitcoin cash in 2017. The cryptocurrency experienced another fork, it is divided into Bitcoin Cash ABC and Bitcoin Cash SV. Beside what is Bitcoin Cash (BCH), it is also important to learn its features.
Bitcoin Cash's main features are:
Everyone is welcome to Bitcoin Cash. Bitcoin Cash has no owners or controllers and you don't need to ask for permission to use it.
Many Transactions are not linked to identities. This makes it possible for everyone to maintain the unrestricted usage of Bitcoin Cash.
Every transaction in Bitcoin Cash is documented on the blockchain, a decentralized global public ledger. This reduces the possibility of fraud by making it simple for anyone to view the complete history of ownership.
A network of people called "nodes" willingly stores the public ledger. This ensures the durability of their information.
To reach consensus on the ledger's current state, nodes adhere to a set of guidelines. The 'truth' about who owns that is this general agreement. participants in Bitcoin Cash create a sort of social contract, making Bitcoin Cash a quasi-political system.
Many Transactions practically cannot be changed once they are recorded in the blockchain because of the technology used. After all their topic paper, hope you understand What is Bitcoin Cash and many of Bitcoin Cash's core features.
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