If you are looking for how to make money online, investing in Bitcoin cash is one of the ways you can do it. Bitcoin Cash is an outgrowth of Bitcoin and the outcome of the 2017 hard fork to the innovative cryptocurrency’s blockchain. Bitcoin Cash again went through a fork in November 2018 and got separated into Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision). Bitcoin Cash ABC is currently known as Bitcoin Cash.
The aim of Satoshi Nakamoto, the inventor of Bitcoin was to make the cryptocurrency a peer-to-peer cryptocurrency that was used for daily transactions. As the reputation of bitcoin increased and it gained mainstream adoption, bitcoin lost its value as a means of payment of goods and services and became more useful as a means of investment. Due to the massive adoption, the cryptocurrency started to have scalability issues which mean that it is unable to manage large number of transactions. The time it takes to process such transaction together with the cost of transaction grew higher. The original one megabyte blocksize of Bitcoin was unable to handle such transactions.
Bitcoin Cash plan during invention was to have a blockchain cryptocurrency with larger block size than the block size of Bitcoin so that more transactions can be processed by one single block. The main aim was also that it would serve as a daily means of payment of goods and services which the parent blockchain bitcoin could not attain.
Bitcoin Cash intends to proffers a solution to the scalability issues of Bitcoin by altering the blocksize from roughly 8 MB and 32 MB. The mean number of transactions for every bitcoin block is roughly one thousand to one thousand-five hundred block.In a stress survey carried out in September 2018, the amount of transactions rose to 25,000 for every sblock.
Irrespective of these logical variations between Bitcoin Cash and Bitcoin, they have a lot of technical resemblance.
They use the same consensus mechanism and have capped their supply at 21 million.