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What does the Bitcoin Cash expansion mean (the size of Bitcoin cash is expanded from 1mb to)

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What does the Bitcoin Cash expansion mean (the size of Bitcoin cash is expanded from 1mb to)

What does Bitcoin expansion mean? Bitcoin expansion is a new trading protocol and a way of expanding blockchain, which can make it easier for people to exchange currency. In the encrypted world, we often say, “Every time a node in a network is attacked or lost by a hacker, it will attract attention.” However, in reality, not all users are aware of the benefits and risks of this technology, as many people believe that it is the biggest threat to Bitcoin On the other hand, due to the lack of dedicated application developers to build smart contract platforms for specific applications, many users choose to use unmanaged services to run these applications. However, the expansion of Bitcoin has also brought about other issues, such as high gas fees (for those who do not support payment) and the inability to handle a large number of transactions So what exactly is Bitcoin expansion? According to the definition, “Bitcoin expansion” refers to expanding the size of a block from the original 64KB to 128GB or greater. If one day you want to limit a block size to a single order of magnitude, then it must have the same data structure. That is to say, even in such a chain, each transaction requires multiple signatures, and each transaction can only contain a portion of the message (usually controlled by a miner). That’s why the simplest way for “Bitcoin expansion” to solve the above problems is to allow more transactions to occur through the Bitcoin blockchain, so that more transactions can occur simultaneously and be completed quickly like other types of transactions. So, expanding Bitcoin capacity does help improve efficiency and reduce costs

The block size of Bitcoin Cash has been expanded from 1mb to

According to Bitcoin. com, Bitcoin Cash Cash (BCH) has developed for two months since its launch at the end of 2019. The first is “Lightning Network” and “Blockchain Interoperability”. The second is the “Bitcoin Bifurcation”, aimed at bringing it faster network capacity, higher scalability, and more transaction confirmation speed. The third version will allow users to increase their block size from 1MB to 1.5MB. However, this is not the only thing that happened: in early November last year, the block size of BTC reached a historic high of 15KB; In mid December, it reached 16KB. Cointelgraph

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