What is Bitcoin Cash?

Bitcoin Cash is considered a 'fork' of Bitcoin. It was created on August 1 2017 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').

What is Bitcoin Cash node?

Bitcoin Cash Node is the blockchain for Bitcoin Cash, and can be thought of as the virtual machine that runs the network, powering transactions. 4 Bitcoin Cash was created in 2017 when developers disagreed on the route Bitcoin should take to address emerging issues with the blockchain.

Is Bitcoin Cash a necessary alternative to bitcoin?

These developers still see Bitcoin Cash as a necessary alternative to Bitcoin, because in their view, Bitcoin has become more of an investment instrument than a payment system. It was designed as a peer-to-peer payment system that removes regulatory authorities and other third parties from financial transactions. 3

How long does it take for Bitcoin Cash to work?

Bitcoin cash could ultimately have transactions processing in two minutes and 30 seconds. The security of the bitcoin cash blockchain, though, is unclear. It will also depend on miners’ and users’ vision for the currency. If bitcoin really does undermine the decentralized nature of the network,...