What is Bitcoin Cash (BCH) & how does it work?

What Is Bitcoin Cash (BCH), and How Does It Work? Bitcoin Cash (BCH) is a cryptocurrency that was created and launched to bring decentralization back to cryptocurrency. It is the result of a 2017 Bitcoin " hard fork ," which occurs when an existing blockchain splits into two.

Is Bitcoin Cash a good investment?

Of course, when Bitcoin Cash is listed, we can’t help but wonder if it’s associated with Bitcoin or a completely different cryptocurrency to Bitcoin. Well, the answer is actually yes to both of these questions. Let’s decipher what Bitcoin Cash is and if it’s a good investment. What Is Bitcoin Cash?

How much does a bitcoin transaction cost?

A Bitcoin transaction costs $59 on average while Bitcoin Cash costs less than a penny. The downside to processing everything more quickly though is that it’s potentially less secure than Bitcoin. There are fewer miners needed to process and confirm transactions, which could make it easier for the Bitcoin Cash security to be compromised.

Is Bitcoin Cash a 'fiat money'?

Centralization with Bitcoin Cash is seen as a more prominent issue compared to Bitcoin. Some commentators go as far as calling Bitcoin Cash “fiat money” based on its association with Bitmain which is described as the “central bank” of BCH. Finally, there is an issue of BCH mining.