Best place to trade bitcoin cash
A group of influential miners, developers and investors  not content with the Segregated Witness feature scheduled to activate decided to increase bitcoin transaction capacity eight times. The change, called a hard fork , took effect on August 1, In May , bitcoin transactions were taking days to complete. Up until July , bitcoin users maintained a common set of rules for the cryptocurrency.
Some members of the bitcoin community felt that adopting BIP 91 without increasing the block-size limit favored people who wanted to treat bitcoin as a digital investment rather than as a transactional currency. According to the Bitcoin Core roadmap fast and cheap payments are a secondary priority, whereas BCH places the focus on payments as the highest priority.
The belief underlying this is that adoption comes through utility and that reduced fees facilitate the goal of reliable transactions. A stated goal of the fork was to increase the number of transactions its ledger can process by increasing the block size limit to eight megabytes.
These initial clients implemented the following differences from bitcoin code which caused a blockchain split and therefore a separate Bitcoin Cash currency:. Upon launch, Bitcoin Cash inherited the transaction history of the bitcoin cryptocurrency on that date, but all later transactions were separate. Block was the last common block and thus the first Bitcoin Cash block was It implements a block size increase to 8 MB.
One exchange started Bitcoin Cash futures trading at 0. Market cap appeared since A fix for these difficulty, hashrate, and profitability fluctuations was introduced on November 13, at 7: Bitcoin Cash has been adopted by digital currency exchanges.
Exchanges such as Coinbase ,  CEX. Bitstamp and Bitfinex temporarily used the name Bcash,   but after being criticized, they switched the name back to Bitcoin Cash.
BCC is more commonly used as the ticker symbol for Bitconnect. While the alphanumeric address style is the same as bitcoin, Bitcoin Cash should not be sent to a bitcoin address.
Like bitcoin, Bitcoin Cash addresses can be used more than once, but should not be reused if privacy is a concern. Cryptocurrency wallets such as the Ledger hardware wallet,  KeepKey hardware wallet,  Electron Cash software wallet  and Bitcoin. Trezor hardware wallet supports Bitcoin Cash too. They integrated Bitcoin Cash a few months after its fork. OpenBazaar integrated Bitcoin Cash in February It was one of the first dark web sites to do so.
Americans wondering whether their acquisition of Bitcoin Cash is taxable as income, or not taxable as a division of property, have received no guidance from the Internal Revenue Service.
From Wikipedia, the free encyclopedia. Bitcoin Cash is the real Bitcoin and will have the bigger market cap, trade volume and user base in the future. Retrieved January 22, Retrieved 13 February Retrieved 10 March Retrieved 1 March Retrieved 27 March Retrieved 11 March Retrieved 22 January What, Exactly, Does That Mean?
Would the blockchain split? And what about Bitcoin Cash? Would it be a classic pump and dump or would it stabilize and gain support? On August 1 the Bitcoin blockchain did split and at approximately 2: Since then the price of Bitcoin Cash has largely stabilized as more exchanges turn out to support it.
At the time of this writing, more than a dozen exchanges worldwide are supporting the cryptocurrency. Based on hour trading volumes across all available currency pairs, here are the top ten places where you can buy and sell Bitcoin Cash. Liqui are a Ukraine-based exchange. On July 30 they outlined their plan to distribute Bitcoin Cash to BTC holders on the exchange in the event of a blockchain split. This early trading sparked confusion among many users, who took to Twitter to voice their concerns.