Samson mow of blockstream pointed to bitcoin cash s use of the bitcoin name as a source of animosity between the bitcoin and bitcoin cash camps. Bitcoin cash detractors call the cryptocurrency bcash btrash or a scam while its supporters maintain that it is the pure form of bitcoin. Bitcoin cash increases the size of blocks allowing more transactions to be processed.
Bitcoin cash is a cryptocurrency created in august 2017 from a fork of bitcoin. The exchange will send you bitcoin cash after the trade has occurred. Buying bitcoin cash is the most used and convenient way where all you have to do is sign up for a bitcoin exchange and deposit funds so you can convert it to bitcoin cash.
The two easiest ways to get bitcoin cash is to buy or work for it. Buy or earn bitcoin cash. It was created at the end of 2016 making it much younger than bitcoin.
It works just like a digital currency and new bch bitcoin cash is created through bitcoin cash mining. Bitcoin cash like bitcoin bitcoin cash is a cryptocurrency with its own blockchain. Comparatively the largest bitcoin pool controls around 17 7 of the hash rate whereas the top three contribute under 47.
Right now a single pool controls more than a quarter of the bitcoin cash hash rate whereas the top three pools combined make up over 55 of the hash rate. Bitcoin cash can also be considered more centralized than bitcoin. All transactions are recorded on a global public ledger called the blockchain.
Bitcoin is a decentralized peer to peer electronic cash system that does not rely on any central authority like a government or financial institution. Bitcoin cash was started by bitcoin miners and developers equally concerned with the future of the cryptocurrency and its ability to scale effectively. Bitcoin cash is a different story.
