The Bitcoin Cash: presentation
Bitcoin Cash was born in August 2017 following a hardfork of the Bitcoin protocol. The Bitcoin blockchain can not accommodate a large number of requests and users without impacting the speed and cost of transactions. Indeed, the original blockchain Bitcoin is not able to handle more than a dozen operations per second, which is extremely low compared to a network like Visa that can handle thousands. The result is slow and increasingly expensive transactions, which alarm the Bitcoin community and create major debates between users, miners and development teams.
Increasing the size of the blocks
To overcome this problem, increasing the size of the blocks seems to be the appropriate answer, but the Bitcoin network did not want to perform this upgrade. This split has given birth to a new version, Bitcoin Cash, considered by its followers as the "real Bitcoin". Bitcoin Cash uses the same blockchain process as traditional Bitcoin but now allows for faster and less expensive transactions. Block size has increased from 1MB to 8MB.
Bitcoin Cash joins Coinbase!
Bitcoin Cash can be bought directly on Coinbase. It is only the fourth cryptographic currency that has the privilege of entering the famous shopping platform after Bitcoin, Litecoin and Ethereum.
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