Listen "Investment Term For The Day - Bitcoin Cash"
Episode Synopsis
Bitcoin Cash 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. Bitcoin Cash allows a greater number of transactions in a single block than Bitcoin, which should lower fees and transaction times. Bitcoin Cash is the result of a Bitcoin hard fork that happened in August 2017. Bitcoin Cash was created to allow more transactions in a single block, theoretically decreasing the fees and transaction times. Despite their philosophical differences, Bitcoin Cash and Bitcoin share several technical similarities: They use the same consensus mechanism and have capped their supply at 21 million coins. Bitcoin Cash continues to trade—at a fraction of Bitcoin's price—but has yet to achieve widespread consumer acceptance as a form of payment.Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.
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