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.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.

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.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.

 

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 Bitcoin Cash for privacy purposes.

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

 

 

Oldal: What is Bitcoin Cash?
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