Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.
All Bitcoin holders as of block 478558 are also owners of Bitcoin Cash. All are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
Bitcoin Cash Features
Transact in seconds. Get confirmed in minutes.
A network that runs without congestion.
Send money globally for pennies.
Easy to use. No hassles.
A payment system that’s a proven store of value.
World’s most robust blockchain technology.
This was because the community could not reach a consensus on increasing the network capacity. Some of the developers did not understand and agree with Satoshi’s plan. Instead, they preferred Bitcoin become a settlement layer. By 2017, Bitcoin dominance had plummeted from 95% to as low as 40% as a direct result of the usability problems.
Fortunately, a large portion of the Bitcoin community, including developers, investors, users, and businesses, still believed in the original vision of Bitcoin – a low fee, peer to peer electronic cash system that could be used by all the people of the world. On August 1st, 2017, we took the logical step of increasing the maximum block size, and Bitcoin Cash was born.
Anyone who held Bitcoin at that time (block 478558) became an owner of Bitcoin Cash (BCH). The network now supports up to 32MB blocks with ongoing research to allow massive future increases.
WHY USE BITCOIN CASH?
Send Money Anywhere In the World, Almost for Free
With Bitcoin Cash, you can send money to anyone, anywhere in the world, 24 hours a day, 365 days a year. Like the Internet itself, the network is always on. No transaction is too big or too small. And you never need anyone’s permission or approval.
Be Your Own Bank and Have Full Control Over Your Money
The seizing of capital from account holders (“bail-ins”) that occurred in Cyprus and nearly in Greece, demonstrated that bank deposits are only as safe as political leaders decide. Even under the best of conditions, banks can make mistakes, hold funds, freeze accounts, and otherwise prevent you from accessing your own money.
Banks can also decide to block your transactions, charge you fees, or close your account without warning. Bitcoin Cash gives you full, sovereign control over your funds, which you can access from anywhere in the world.
A Scarce Digital Currency with a Known Fixed Supply
The Bitcoin Cash protocol ensures there will never be more than 21 million coins in existence. Governments continually print money, endlessly inflating the supply and devaluing everyone’s savings. Bitcoin Cash has a fixed supply and therefore represents sound money.
Read: How do I withdraw money from my Luno wallet?
Increase Your Privacy and Operate Anonymously
Bitcoin Cash offers more privacy and anonymity than traditional payment systems like bank transfers and credit card payments, since it’s normally impossible to know who controls a Bitcoin address. Bitcoin Cash offers various levels of privacy depending on how it is used. It’s important to educate yourself thoroughly before using BCH for privacy purposes.
Enjoy Exclusive Discounts
Many merchants offer discounts for paying in Bitcoin Cash because it eliminates credit card fees and helps grow the adoption of this new payment system.
Support Freedom Worldwide
Bitcoin Cash is a permissionless, open network. It empowers you to engage with your fellow human beings without intrusion. It’s decentralized, voluntary, and non-aggressive. As usage grows, old power structures will erode while fresh ideas blossom. It may help usher in the greatest peaceful revolution the world has ever known. Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”.
Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are also owners of Bitcoin Cash. All are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
BENEFITS FOR MERCHANTS
Ultra Low Fees
The network fee for a typical Bitcoin Cash transaction is less than one penny. If you want to convert your BCH into fiat currency, such as US dollars, you can do that through merchant processors for a cost that is still much lower than credit card processing.
Unlike credit cards, there are never any automatic voids, refunds, chargebacks, or other unexpected fees. Fraud protection is built into the system with no cost to the merchant.
A growing number of patrons are choosing Bitcoin Cash as a preferred payment method. They favour merchants who offer this payment option and actively seek them out.
Free Marketing and Press
By accepting Bitcoin Cash, merchants can gain free listings in website and app directories, gaining even more customers. They can also take advantage of this new trend and generate press for their business.
With multiple independent teams of developers providing software implementations, the future is secure. Bitcoin Cash is resistant to political and social attacks on protocol development. No single group or project can control it. Multiple implementations also provide redundancy to ensure that the network retains 100% uptime.
The bitcoin-ml mailing list is a good venue for making proposals for changes that require coordination across development teams. Workgroups have been set up to assist developers to coordinate and seek peer-review. For those wishing to implement changes to the Bitcoin Cash protocol, it is recommended to seek early peer-review and engage collaboratively with other developers through the workgroups.
BITCOIN CASH FREQUENTLY ASKED QUESTIONS
What is Bitcoin Cash?
Bitcoin Cash is a peer-to-peer electronic cash system. It’s a permissionless, decentralized cryptocurrency that requires no trusted third parties and no central bank.
Is Bitcoin Cash different from ‘Bitcoin’?
In 2017, the Bitcoin project and its community split in two. Perhaps the least controversial way to refer to each side is simply by their respective ticker symbols, BTC and BCH.
Bitcoin Cash is usually represented by the BCH ticker symbol and is considered by its supporters to be the legitimate continuation of the Bitcoin project as peer-to-peer digital cash.