Bitcoin Cash, Bitcoin ABC, BCC, BCH, BTCC, Bcash – all is the same. The currency locked in on August 1st, making a great noise ever since. Many of cryptocurrency users still cannot tell the difference between two coins. In this article, we are about to explain what Bcash stands for and what the buzz is all about?
What happened?
In order to increase the blockchain scalability, the Bitcoin community decided to initiate SegWit2x, a mandatory blockchain update requiring over 95 % of miners to support. At the same time, 1% of total number of miners declined the update and separated into another Bitcoin fork named Bitcoin ABC starting at a zero block. Now the currency with'its own updates functions in parallel with original Bitcoin.
What it represents?
Basically, Bcash is a replicated and slightly modified Bitcoin blockchain with the same history containing all previous Bitcoin transactions. The Bcash blockchain has blocks increased up to megabytes which, in theory, make transactions process faster. In fact, currently the block mining remains slow, so the processing time may take several hours. The main difference is that all future transactions are considered as separated and the blockchain has a record that all the Bitcoin owners received a relevant amount of Bcash. Unlike many Bitcoin copycats created from scratch, Bcash is based on the Bitcoin core blockchain. The coin attracted a lot of attention by giving literally free money to Bitcoin owners. Another smart move that made Bcash so prominent is that the coin has been launched exactly by the time of the hard fork. These two factors heat discussions that increase the demandfor the currency.
What’s now?
However, being largely discussed and hyped, Bitcoin Cash has suddenly fallen. It is believed to have new potential and advantages over Bitcoin including improved scalability. Currently, the coin is trading at around $305, a coin. Chances are, its rate may increase, provided that it will be competently promoted and supported by large cryptocurrency services.
Who support Bcash?
Although Bitcoin Cash causes controversies in crypto community, there are many wallets and exchanges that support it.
| Wallets | Trading platforms |
| Freewallet | Bittrex |
| Electron Cash | HitBTC |
| Coinomi | Cryptopia |
| Trezor | Kraken |
| XT | Yobit |
| BitcoinClassic | |
| BitcoinABC | |
| Ledgerwallet |
Not only crypto services but also banks gradually include coins to sell them to customers. For example, Falcon Private Bank already offers Bitcoin Cash to buy and hold.
What about Bitcoin?
After Bcash separation, Bitcoin rates skyrocketed to record figures of $4500 for 1 BTC which is far beyond an ounce of gold. The rates started rising most likely due BCH being massively exchanging to BTC. The rate boost causes special interest among investors that also influences its behavior on the market and seems to be unpredictable. Both Bitcoin and Bitcoin Cash, you can buy on Changelly at the best rates just in a few clicks. To learn how to do that, see our step-by-step guides. In case of any questions don’t hesitate to ask us at [email protected]
hello I have sent 67 SBD to change to steem but it is 8hours ago and still haven't receive my steem...what does it take too long.. please check your wallet history you can see I am there
Has anyone else had stuck transactions recently when exchanging Steem or SBD?
me, whats happening? its frustrating really
There are problems seeing the transaction hash from what they have told me. I am still waiting for a refund, you should contact their support to get a refund or for them to manually push the transaction through
I already sent an email hope they will refund it soon
The legacy Bitcoin mempool is starting to get really full again with fees that make anything under $100 pretty impractical. Meanwhile, you can still send zero-fee transactions on Bitcoin Cash and they go in the next block. This fact, along with the Bitcoin Cash difficulty adjustment coming up, may make Bitcoin Cash more profitable to mine. If that happens, be prepared for a Bitcoin Chain Death Spiral that leaves only Bitcoin Cash as a viable blockchain.
I know this off topic but I am concerned with the fact that @changelly is sending STEEM to @poloniex.
Poloniex has serious issues and they have their Steem and SBD wallets disabled causing the exhange rate on their site to be way below what your customers can obtain.
I didn't expect Bitcoin Cash to do so well after the fork. It was a mistake that I kept my SBD and didn't turn them into Bitcoin then. I guess I'll have to get my stuff together and turn them into Steem Power.
Excellent, very good content greetings I follow you. I love you happy day, if it is your pleasure I invite you to visit my profile I am a girl lover of life and love I hope your participation until later
FACEBOOK ||| @janmarieth ||| STEEMIT VENEZUELA