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Low Fees Send money globally for pennies. Simple Easy to use. No hassles. Stable A payment system that's a proven store of value. Secure World's most robust blockchain technology. Merchants and users are empowered with low fees and reliable confirmations.
The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world. Wallets Why Use Bitcoin Cash? Like the Internet itself, the network is always on. No transaction is too big or too small. Even under the best of conditions, banks can make mistakes, hold funds, freeze accounts, and otherwise prevent you from accessing your own money.
Banks can also decide to block your transactions, charge you fees, or close your account without warning. Bitcoin Cash gives you full, sovereign control over your funds, which you can access from anywhere in the world. Bitcoin Cash has a fixed supply and therefore represents sound money. Bitcoin Cash offers various levels of privacy depending on how it is used. Enjoy Exclusive Discounts 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.
Token Ecosystem Storing and managing tokens on a blockchain provides greater transparency and integrity than traditional forms of asset accounting and trading. Bitcoin Cash supports token protocols that power a variety of projects, and it is easy to create your own token backed projects.
Support Freedom Worldwide Bitcoin Cash is a permissionless, open network. It empowers you to engage with your fellow human beings without intrusion. As usage grows, old power structures will erode while fresh ideas blossom. It may help usher in the greatest peaceful revolution the world has ever known. This includes a constantly growing number of decentralized exchanges and NFT projects! What is Bitcoin Cash used for? Bitcoin Cash's above-described core features make it both a long-term store of value and a highly effective medium of exchange.
More philosophically, these two use cases combine with the decentralized and open nature of the protocol to make Bitcoin Cash the network a method for supporting and enhancing global economic freedom. Long-term store of value The total supply of Bitcoin Cash will never exceed 21 million coins. This is written into the code that defines the Bitcoin Cash protocol. As a decentralized network, Bitcoin Cash users ultimately decide how the protocol evolves - and since it is not in the interests of participants to dilute their holdings by changing the protocol, the million-coin limit will almost certainly remain in place forever.
The rate that new coins are added to the circulating supply gradually decreases along a defined schedule that is also built into the code. The issuance rate is cut in half approximately every four years. This makes Bitcoin Cash a 'disinflationary' asset. In April , the third 'halving' reduced the issuance rate from At that point 18,, of the 21 million coins The fourth halving, in , will reduce the issuance to 3.
Bitcoin Cash's 'set-in-stone' supply schedule makes it unique among hard assets. By comparison, the supply of gold, although limited, is nevertheless subject to the forces of supply and demand. As the price of gold rises, more gold miners are incentivized to search for gold.
The leads to an increase in the supply of gold, which places downward pressure on the price. Highly effective medium of exchange Bitcoin Cash enables peer-to-peer payments between individuals - just like cash, but in the digital realm. Critically, fees for sending Bitcoin Cash typically amount to less than a penny per transaction, and settlement occurs near instantly, regardless of the physical location of participants. This makes Bitcoin Cash useful for not only remittances and cross-border trade, but also for daily transactions like buying groceries.
Since the fees and transaction times are so low, Bitcoin Cash is also effective for micro-transaction use cases like tipping content creators and rewarding app users. Economic freedom Economic freedom is the ability for individuals to freely acquire and use personal resources however they choose, both independently and in cooperation with others. It is a vital component of human dignity and a fundamental human right. Money - as a vehicle that can be used for both storing and exchanging value - is a central tool for enabling economic freedom.
Bitcoin Cash provides, on an opt-in basis, an alternative form of money that supports economic freedom. Unlike national currencies, Bitcoin Cash integrates strong protection against 1 monetary confiscation, 2 censorship, and 3 devaluation through uncapped inflation. Bitcoin Cash is considered a 'fork' of Bitcoin.
It was created on August 1 after participants in the Bitcoin ecosystem were unable to agree on methods for scaling the cryptocurrency. The main point of contention was 'block size,' which is relevant for the volume of transactions that can be processed per second aka the 'throughput'. Since transactions consist of data, a larger block size enables more transactions to be included in each block, resulting in a higher throughput.
The Bitcoin protocol had for years limited the size of each block to 1MB. As the number of Bitcoin users grew, competition for the limited block size gradually led to higher transaction fees and prolonged settlement times. In other words, it became less useful as 'cash. Integrating changes - or the 'governance' of Bitcoin - is a quasi-political process based on deliberation, persuasion, and volition. In other words, people decide what Bitcoin is.
Faced with the challenge of scaling Bitcoin, one side felt the need to maintain 1MB block sizes. They contended that it was better to scale Bitcoin 'off chain,' ie. The other side wanted to increase the block size, allowing for more transactions per block.
This instant upgrade was seen as a simple method to keep transactions fast and reliable, and fees low. Since the Bitcoin community was unable to agree on the change, the result was a 'hard fork,' or a point in time where two versions of Bitcoin diverged. Read more: What is Bitcoin? Since forking in , the multiple independent teams of developers working on the Bitcoin Cash protocol have brought a number of innovations aimed at improving the usability of Bitcoin Cash as a peer-to-peer electronic cash system that supports economic freedom.
The larger block size increases the volume of transactions that the Bitcoin Cash network can process on chain. While Bitcoin typically processes between transactions per second, Bitcoin Cash has the capacity to process as many as transactions per second. This helps to reduce the cost per transaction and increase transaction speed and reliability. Bitcoin Cash transactions typically cost less than a penny.
Smart contract support Bitcoin Cash developers can use smart contract languages like Cashscript to enable more complex functions than the basic transactions that are possible on Bitcoin. This creates the possibility of 'decentralized finance' applications like synthetic derivates trading. Other use cases include private payments with tools such as CashShuffle and CashFusion.
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Token Ecosystem Storing and managing tokens on a blockchain provides greater transparency and integrity than traditional forms of asset accounting and trading. Bitcoin Cash supports token protocols that power a variety of projects, and it is easy to create your own token backed projects. Support Freedom Worldwide Bitcoin Cash is a permissionless, open network. It empowers you to engage with your fellow human beings without intrusion.
As usage grows, old power structures will erode while fresh ideas blossom. It may help usher in the greatest peaceful revolution the world has ever known. This includes a constantly growing number of decentralized exchanges and NFT projects! If you want to convert your BCH into fiat currency, such as US dollars, you can do that through merchant processors for a cost that is still much lower than credit card processing.
No Chargebacks Unlike credit cards, there are never any automatic voids, refunds, chargebacks, or other unexpected fees. Fraud protection is built into the system with no cost to the merchant. New Customers A growing number of patrons are choosing Bitcoin Cash as a preferred payment method.
They favor merchants who offer this payment option and actively seek them out. Free Marketing and Press By accepting Bitcoin Cash, merchants can gain free listings in website and app directories, gaining even more customers. They can also take advantage of this new trend and generate press for their business.
In , he released the first bitcoin software that powered the network, and it operated smoothly for several years with low fees, and fast, reliable transactions. Unfortunately, from to , Bitcoin became increasingly unreliable and expensive. This was because the community could not reach consensus on increasing the network capacity. Instead, they preferred Bitcoin become a settlement layer.
Fortunately, a large portion of the Bitcoin community, including developers, investors, users, and businesses, still believed in the original vision of Bitcoin -- a low fee, peer to peer electronic cash system that could be used by all the people of the world. On August 1st, , we took the logical step of increasing the maximum block size, and Bitcoin Cash was born. The network now supports up to 32MB blocks with ongoing research to allow massive future increases.
Decentralized Development With multiple independent teams of developers providing software implementations, the future is secure. Bitcoin Cash is resistant to political and social attacks on protocol development. No single group or project can control it. Table of Contents What is Bitcoin Cash used for? Is Bitcoin Cash different from Bitcoin?
What's the difference between Bitcoin and Bitcoin Cash? Bitcoin Cash's core features Bitcoin Cash is a decentralized peer-to-peer electronic cash system that does not rely on any central authority like a government or financial institution. As such, it represents a fundamental redesign of the very nature of money.
The core features of Bitcoin Cash are: Open to anyone. Nobody controls or owns Bitcoin Cash. There's no CEO, and you don't need to ask for permission to use it. Identities are not tied to transactions. This helps to ensure that Bitcoin Cash remains free to be used by anyone, without censorship. All transactions are recorded on a global public ledger called the blockchain. The ledger is updated at regular intervals in blocks that are connected to form a chain.
This allows anyone to easily see the full history of ownership, and helps to eliminate the potential for fraud. The public ledger blockchain is stored voluntarily by a network of participants known as 'nodes. Nodes follow a set of rules a protocol to achieve consensus on the state of the ledger.
This consensus is what constitutes the 'truth' as to who owns what. The protocol, however, can evolve as participants demand - although there is high-degree of consensus required to make changes. This makes Bitcoin Cash a quasi-political system, with participants forming a kind of social contract.
The technology deployed means that, once recorded in the blockchain, transactions effectively cannot be altered. Through a process known as Proof of Work PoW , 'miners' compete to add new blocks to the chain that constitutes the ledger again, the blockchain. The hardware and energy costs associated with PoW mining contribute to the security of the network along game-theory driven principles such that attacking the network is both prohibitively expensive and guarantees the attacker cannot profit directly.
Fixed supply. Only 21 million coins will ever be created. This makes Bitcoin Cash a hard asset, like land or gold, providing an opportunity for people to store value in digital realm over long periods of time. Low Fees. Bitcoin Cash enables reliable, fast, and affordable transactions of any value and regardless of location including cross-border transactions.
This makes it an effective alternative to payment networks like Visa and Mastercard. What is Bitcoin Cash used for? Bitcoin Cash's above-described core features make it both a long-term store of value and a highly effective medium of exchange. More philosophically, these two use cases combine with the decentralized and open nature of the protocol to make Bitcoin Cash the network a method for supporting and enhancing global economic freedom.
Long-term store of value The total supply of Bitcoin Cash will never exceed 21 million coins. This is written into the code that defines the Bitcoin Cash protocol. As a decentralized network, Bitcoin Cash users ultimately decide how the protocol evolves - and since it is not in the interests of participants to dilute their holdings by changing the protocol, the million-coin limit will almost certainly remain in place forever.
The rate that new coins are added to the circulating supply gradually decreases along a defined schedule that is also built into the code. The issuance rate is cut in half approximately every four years. This makes Bitcoin Cash a 'disinflationary' asset. In April , the third 'halving' reduced the issuance rate from At that point 18,, of the 21 million coins The fourth halving, in , will reduce the issuance to 3. Bitcoin Cash's 'set-in-stone' supply schedule makes it unique among hard assets.
By comparison, the supply of gold, although limited, is nevertheless subject to the forces of supply and demand. As the price of gold rises, more gold miners are incentivized to search for gold. The leads to an increase in the supply of gold, which places downward pressure on the price. Highly effective medium of exchange Bitcoin Cash enables peer-to-peer payments between individuals - just like cash, but in the digital realm. Critically, fees for sending Bitcoin Cash typically amount to less than a penny per transaction, and settlement occurs near instantly, regardless of the physical location of participants.
This makes Bitcoin Cash useful for not only remittances and cross-border trade, but also for daily transactions like buying groceries. Since the fees and transaction times are so low, Bitcoin Cash is also effective for micro-transaction use cases like tipping content creators and rewarding app users. Economic freedom Economic freedom is the ability for individuals to freely acquire and use personal resources however they choose, both independently and in cooperation with others.
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