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Bitcoin Cash is a cryptocurrency [6] and a payment system. The change, called a hard fork , took effect on August 1, In May , bitcoin transactions took up to four 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 [14] [17] and devised a plan to increase the number of transactions its ledger can process by increasing the block size limit to eight megabytes.
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 separate Bitcoin Cash block was Bitcoin Cash cryptocurrency wallets started to reject bitcoin blocks and bitcoin transactions after One exchange started Bitcoin Cash futures trading at 0.
Market cap appeared since The launch of Bitcoin Cash has created an ideological divide over which chain is the true bitcoin. A fix for these difficulty, hashrate, and profitability fluctuations was introduced on November 13, at 7: By the end of August 1, , Bitcoin Cash became the third largest cryptocurrency in terms of market capitalization. Bitcoin Cash has been adopted by digital currency exchanges. Exchanges such as Coinbase , [36] [37] CEX.
Bitstamp and Bitfinex temporarily used the name Bcash , [42] [43] but after being criticized, they switched the name back to Bitcoin Cash.
BCC is more commonly used as the ticker symbol for Bitconnect. Cryptocurrency wallets such as the Ledger hardware wallet, [49] KeepKey hardware wallet, [50] Electron Cash software wallet [51] and Bitcoin. The cryptocurrency payment processor Bitpay added support for Bitcoin Cash on March 28, From Wikipedia, the free encyclopedia. The neutrality of this article is disputed. Relevant discussion may be found on the talk page. Please do not remove this message until conditions to do so are met.
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Unspent outputs of transactions [b]. Proof-of-work partial hash inversion.