The Bitcoin Cash development team just launched a new website at BitcoinCash.org. Amd Vertcoin VTC Mining. The website explains the benefits of the cryptocurrency as a daily, usable currency and a continuation of the original bitcoin project. What Is Bitcoin Cash (BCH)? Nearly two months after it launched, Bitcoin Cash continues to be a popular cryptocurrency with active. And now, the development team just launched a new website at BitcoinCash.org. That website explains the core features of the currency in a way that’s easy for anyone – even complete beginners – to understand.

Java, JavaScript, Python. You have the option to perform solo mining or join a Bitcoin mining pool. Bitcoin Cash (BCH) $ 1717.84; Bitcoin (BTC). BCH, BCC or sometimes called Bitcoin Cash is a digital currency. Bitcoin is an innovative payment network and a new kind of money. Find all you need to know and get started with Bitcoin on bitcoin.org.

The goal of BitcoinCash.org is to teach users the, which trades under the symbol BCH. Overall, the website describes BCH as “the best money in the world” and claims that it fulfills the original promise of bitcoin as “peer to peer electronic cash.” Since launch, Bitcoin Cash has become known for its low fees and reliable confirmations – both of which have proven difficult on the. Since the hard fork, Bitcoin has suffered bouts of high fees. It’s also gone through some developer turmoil. Meanwhile, changes to the bitcoin network haven’t resulted in faster transaction times or cheaper confirmations, and debate rages about proposed blocksize increases. That’s why the split – which created Bitcoin Cash – occurred. Bitcoin Cash (BCH) supporters claim these problems are the first signs of a dying currency, while Bitcoin (BTC) users ignore the FUD.

Fortunately, the new BitcoinCash.org website doesn’t get caught up in trashing its biggest competitor, Bitcoin. Instead, it spends most of the time. Bitcoin Cash Features Here are Bitcoin Cash’s core features, according to BitcoinCash.org: • Fast: Transactions are completed in seconds and confirmed within minutes. • Reliable: The BCH network runs without congestion, and is scalable to handle further demand in the future. • Low Fees: Send money globally for pennies. • Simple: Easy to use, regardless of your level of.

• Stable: It’s a payment system that functions as a proven store of value. • Secure: Bitcoin Cash relies on the bitcoin blockchain (a forked version), described as the “world’s most robust.” Ultimately, Bitcoin Cash currently functions more effectively as a daily currency than bitcoin. BCH has lower fees (just pennies), making it ideal for your daily cup of coffee. Bitcoin network fees – which can range as high as a few dollars – make it an unrealistic option for buying coffee.

By offering fast transaction times, Bitcoin Cash aims to fulfill bitcoin’s original promise as a type of peer-to-peer electronic cash. What’s New With Bitcoin Cash?

What makes Bitcoin Cash different from bitcoin? The new BitcoinCash.org website has a “New Features” section where they talk about the unique features of BCH: On-Chain Scalability: Bitcoin Cash follows the Nakamoto roadmap of global adoption with on-chain scaling. As a first step, the blocksize limit has been made adjustable, with an increased default of 8MB. The developers are also actively researching how to allow massive future increases. Obviously, the blocksize debate has been raging in the bitcoin community all year – and BCH’s devs claim to have solved it with their on-chain scalability solution. Emergency Difficulty Adjustment (EDA): A responsive proof-of-work difficulty adjustment, according to BitcoinCash.org, “allows miners to migrate from the legacy Bitcoin chain as desired, while providing protection against hashrate fluctuations.” New Transaction Signatures: The Bitcoin Cash blockchain signs transactions with a new SigHash type that provides replay protection and.

That new signature type also eliminates the quadratic hashing problem. Decentralized Development: Multiple independent teams of developers provide software implementations to secure the future of bitcoin. This decentralization ensures the future is secure, with resistance to political and social attacks on protocol development.

No single group or project can control it. One of the biggest criticisms of the original bitcoin blockchain is that it’s controlled by a small group of core developers, some of whom may have private interests.

This centralized control negates one of the core benefits of bitcoin’s original blockchain. Although BitcoinCash.org doesn’t bring it up, it’s clear what they mean when they promote “decentralized development” as a feature. Bitcoin Cash Conclusion Ultimately, if you held bitcoin as of block 478558, you’re also an. BitcoinCash.org aims to promote the currency in a user-friendly, welcoming way. The BCH community has been accused of hostility in the past – including outright aggression towards the Bitcoin (BTC) core development team.

BitcoinCash.org may be the first attempt at moving towards a more productive future where the community isn’t bogged down by fights with “Bitcoin maximalists.” It features a clear, easy-to-read overview of how Bitcoin Cash works, and how it’s different from “legacy Bitcoin”, which is what the website calls Bitcoin (BTC). In any case, Bitcoin Cash isn’t going away anytime soon. You can learn more about the today at BitcoinCash.org.

With almost 6,000 blocks mined on the Bitcoin Cash network, now is a good time to check some statistics. It is still less profitable to mine than Bitcoin, which is not surprising. Bitcoin Cash has around 8% of the value of Bitcoin itself right now. The blockchain operates at 13% of the original chain’s difficulty as well.

Moreover, the BCH is no longer the longest blockchain either. All of these developments are pretty interesting and somewhat surprising. One could argue has not achieved all that much. That would be a rather shortsighted statement, though. After all, no one expected this project to stick around for as long as it has. It still has a fair bit of support from mining pools and miners alike, which is good to see. Moreover, the BCH value has somewhat stabilized around $550 as well.

Unfortunately, it is inferior to Bitcoin in all other aspects one can think of right now. Bitcoin Cash Statistics Aren’t Looking Great First of all, the Bitcoin Cash is still extremely low. The mining difficulty adjustment has always been subject to some wild speculation. Some people feel miners can effectively trick the EDA into allowing them to mine more coins accordingly. Whether or not this is effectively the case, will always remain a bit of mystery.

It is certainly true the mining difficulty adjustment algorithm shakes things up a bit. Despite this lower difficulty, Bitcoin Cash is still pretty unprofitable to mine. It has been more profitable than BTC mining on two occasions so far. For the majority of the time, however, it won’t net you any major income.

Unless you believe BCH will double or triple in value, that is. Should that be the case, the people mining BCH right now will have a big payday to look forward to. It is unclear what the future holds for this altcoin in this regard. Additionally, it appears the blockchain is no longer the longest chain. Although it is only a minor title to obtain, it would give Bitcoin Cash some advantage over Bitcoin. With this factor out of reach as well, there is no reason to consider BCH is superior in any regard.

It has all of the traits of an altcoin and not much is changing in this regard. That doesn’t mean it’s not worth paying attention to. However, it will not rival Bitcoin in any significant manner any time soon. Header image courtesy of About JP Buntinx JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology.

He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.