Crypto Currency Beast

What is Bitcoin Cash and How Does it Work?

What is Bitcoin Cash and how it works

Introduction: 

Bitcoin Cash is a cryptocurrency that was launched in 2017 and is also known as the fork of Bitcoin. It can increase the size of blocks to process more transactions and improve scalability. As a result, we can say that Bitcoin Cash is one of the marvels of its fork – Bitcoin. It is termed as a fork for two reasons. One is when somebody declares to transfer a particular blockchain to a whole new set of rules.  Another is when it has the same network infrastructure, a fork of a cryptocurrency comes into existence.

These blockchains are a public ownerless database of information. Mainly including the transaction data with access to all for loading or copying. When a new system is created by hacking the old version of the cryptocurrency, it is introduced as the new fork. 

Bitcoin Cash in the System:

The main reason for which Bitcoin Cash was introduced in the market is due to the bigger blocks. These contained more transactions allowing a lot more business to make a quick flow through the entire system. 

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