Bitcoin Cash Wallet | Ledger
Mục lục bài viết
What is Bitcoin Cash?
Bitcoin Cash (BCH) is a decentralized cryptocurrency that was created as a result of a hard fork from the Bitcoin blockchain in 2017. A hard fork occurs when a blockchain splits into two, with the new version incompatible with the previous version.
Bitcoin Cash is a version of Bitcoin that was created to address some of the issues that users were experiencing with the original Bitcoin. It was designed to be a more efficient and user-friendly version of Bitcoin, with an increased block size limit of 8MB (compared to 1MB in the original Bitcoin). This allows miners on the Bitcoin Cash network to process more transactions per second, making it faster and cheaper to use than the original Bitcoin. Unlike the original Bitcoin, which uses a soft fork called Segregated Witness (SegWit) to make protocol upgrades, Bitcoin Cash primarily relies on hard forks to make improvements. Despite these differences, Bitcoin Cash maintains the original economic rules of Bitcoin.
Bitcoin Cash was designed to be used as a cheap and fast payment system, similar to the original purpose of Bitcoin. Transaction fees are generally less than $0.01, and transaction confirmation times are typically much shorter than those of Bitcoin, often taking only seconds.
