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What is Bitcoin Cash (BCH)?

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According to Coindesk\’s report, Bitcoin Cash is a cryptocurrency created by a s

What is Bitcoin Cash (BCH)?

According to Coindesk’s report, Bitcoin Cash is a cryptocurrency created by a single address (Bitcoin Node), as stated in the project’s whitepaper, which describes it as a “novel, secure, and easily accessible method”. This particular Bitcoin is a separate network created by a group of private keys and two passwords, known as hash values or transaction proofs. Being an open-source system, no one can control any information or ownership records of Bitcoin Cash. So, what exactly is Bitcoin Cash like?

Bitcoin Cash (BCH)

Bitcoin Cash (BCH) was first introduced by Satoshi Nakamoto on March 29, 2009, and it became the first decentralized, peer-to-peer digital currency. This system achieves its goals through a network called “BCH”.

Before the first halving in 2010, only about 500 blocks were mined, and currently, over 10 million Bitcoins have never been moved. This allows developers and investors to fund what they create with the help of cryptography. As time passes, other transactions on the network become more and more expensive, giving rise to new fees. Therefore, miners must pay high prices to start mining them – which is why people are unwilling to hold more money, or don’t want their work to become easier because of the high costs involved.

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