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Bitcoin Cash (BCH)

Explains the basics of Bitcoin Cash (BCH) for beginners. The differences from Bitcoin, advantages and disadvantages, how to purchase, and how to use Bitcoin are explained in an easy-to-understand manner.

Bitcoin Cash (BCH) - Make everyday payments more convenient!

Table of Contents

Basic Information

仮想通貨の名前と概要:

Bitcoin Cash (BCH) is a virtual currency created by a hard fork from Bitcoin (BTC) in August 2017. It was created to solve Bitcoin's "scalability problem" of slow transaction processing and high fees. By increasing the block size, more transactions can be processed quickly and at a lower cost.

Bitcoin or Bitcoin Cash?

発行枚数と供給量:

As with Bitcoin, the issuance limit is 21 million BCH. The current supply is approximately 19.77 million BCH.

  • bitcoin-cash
  • Bitcoin Cash
    (BCH)
  • Price
    $483.76
  • Market Cap
    $9.59 B

技術的な仕組み:

Like Bitcoin, it uses a consensus algorithm called Proof of Work (PoW). People called miners use powerful computers to perform complex calculations, verify transactions, and record them in a ledger called a blockchain. It differs from bitcoin in that the block size is larger, at 32 MB. This allows more transactions to be included in a single block, increasing processing speed and throughput.

Comparison of block size and processing speed of Bitcoin and selected cryptocurrencies

開発チームとコミュニティ:

Bitcoin Cash is maintained and developed by a development team led by Amaury Séchet, Bitcoin ABC, and supported by an active community. The team is supported by an active community, with a lively forum and social media discussion, and a lively exchange of ideas and suggestions for development and improvement.

[Applied Information

購入方法と保管方法:

It can be purchased on major virtual currency exchanges such as bitFlyer, SBI VC Trade, Coincheck, etc. For storage, we recommend using a dedicated wallet such as Bitcoin.com Wallet or Electron Cash. Hardware wallets also offer excellent security.

ユースケースと将来性:

As an alternative to bitcoin, it can be used for everyday payments and online transactions. Its low fees and high processing speed make it suitable for small payments. It is also increasingly being used on DeFi (decentralized finance) platforms and may become available for more services in the future.

競合との比較:

Its main differences from Bitcoin (BTC) are block size and transaction fees; BCH aims to offer faster and cheaper transactions. It also competes with other virtual currencies derived from Bitcoin, such as Litecoin (LTC) and Bitcoin SV (BSV).

Which virtual currency to develop?

リスクと注意点:

  • Risk of price fluctuations: (1) The virtual currency market is subject to extreme price volatility, so caution should be exercised when investing.
  • Risk of fraud and hacking:. Virtual currency exchanges and wallets are at risk of being hacked. Make sure you have security measures in place.
  • Legislation:. Laws and regulations regarding virtual currencies vary from country to country and may change in the future.
Investing in Virtual Currency

専門家の意見や評価:

Expert opinion is divided. While some experts appreciate BCH's scalability and low-cost transactions, others point out that it does not match the brand power and network effectiveness of bitcoin.

Other

Latest News:...

  • In May 2023, Bitcoin Cash received an upgrade to improve security and privacy.
  • In June 2023, e-commerce platform Shopify introduced Bitcoin Cash payments.

Roadmap:.

The development team is working to enhance BCH's functionality by improving scalability and privacy and adding smart contract capabilities.

FAQ:.

  • Is BCH compatible with Bitcoin? - No. BCH and BTC operate on separate blockchains.
  • Where can I purchase BCH? - It can be purchased on virtual currency exchanges such as bitFlyer, SBI VC Trade, and Coincheck.
  • What is the future of BCH? - With its strengths in scalability and low-cost transactions, it is expected to become a popular means of payment.

Related Links

Created Article Source:.

The above information was prepared with reference to the following websites

  • Bitcoin Cash Official Website
  • bitFlyer
  • SBI VC Trade
  • Coincheck
  • each news site

Notes: 1.

The above information is general in nature and does not constitute investment advice. Any investment should be made at your own discretion and risk.

Related links in the site

Virtual Currency Information Bureau

Virtual Currency Introduction List

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