In this guide, we are going to be telling you about all the incidents that have led up to the creation of Bitcoin Cash. This is purely for educational purposes. Is, without a doubt, one of the most incredible innovations in the recent past. However, it has also come under a lot of criticism for its scalability issues which has given rise to a lot of debates which are politically as well as ideologically motivated. Finally, on August 1, 2017, bitcoin went through a hard fork which gave birth to Bitcoin Cash. We are not going to be telling you which side is right and which side is wrong, that is totally up to you.

How do bitcoin transactions work? Bitcoin was introduced by an unknown man/woman/group going by the pseudonym, Satoshi Nakamoto in their, now legendary, research paper “Bitcoin: A Peer-to-Peer Electronic Cash System”. What bitcoin provided was a peer-to-peer decentralized, digital currency system. Emercoin EMC Mining Build 2018. The entire system of bitcoin functions due to the work was done by a group of people called “miners”. So what do these miners do? The two biggest activities that they do are: • Mining for blocks. • Adding transactions to the blocks.

Mining for blocks All the miners use their computing power to look for new blocks to add to. The process follows the “” protocol and once a new block has been discovered, the miners responsible for the discovery get a reward, currently set at 12.5 bitcoins (it is halved after every 210,000 blocks), however, this isn’t the only incentive that the miners have.

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