Bitcoin Cash (BCH): Everything You Need To Know
To know about Bitcoin Cash, let’s quickly recapitulate about Bitcoin first. Bitcoin is an innovative payment network that uses peer-to-peer technology without the need for mediators. It is a decentralized digital currency that exempts the need for a bank or an administrator. If you want to know more about Bitcoin, the Bitcoin support phone number is always available to help you.
What is Bitcoin Cash?
Bitcoin Cash is an offshoot/spin-off of Bitcoin that was launched in August 2017 and is the result of a hard fork to the original cryptocurrency’s blockchain. Bitcoin Cash underwent a fork in November 2018 and was split into two cryptocurrencies Bitcoin Cash ABC and Bitcoin Cash SV. Bitcoin Cash ABC is referred to as Bitcoin Cash (Bcash) now. The experts behind Bitcoin Cash issues support Number are just a call away to assist you with any related queries.
History of Bitcoin Cash
The average size of a block on Bitcoin’s blockchain was less than 100 KB in 2010. Also, the average fee for a transaction was a couple of cents. This made Bitcoin’s blockchain vulnerable to attacks having the potential to cripple its system. To prevent this, the size of a block on bitcoin’s blockchain was limited to 1 MB from 100 KB. Each block was generated every 10 minutes, allowing for space and time between successive transactions. This added another layer of security on bitcoin’s blockchain. If you wish to exchange bitcoin cash for other coins, the executives behind Bitcoin Cash exchange customer support number are available to guide users to the process in a simple and easy manner. If you are unclear at any point, ping us on +1-833-313-7111; Bitcoin cash helpdesk number and get instant assistance.
How Bitcoin Cash is Helpful?
The objective behind Bitcoin Cash is to become sound money usable by everyone. The technology tends to dramatically increase human freedom and prosperity. Let’s delve into the advantages of BCH to understand why more and more users are investing in it.
- Ultra-Low Fees
The transaction fee of a Bitcoin cash is less than one penny.
- Free Marketing
Merchants and businessmen have chances to gain a free listing in websites and app directories by accepting Bitcoin Cash.
- No Chargebacks
There are no refunds, chargebacks, automatic voids, or fraudulent charges.
For every customer who wants to know more about the advantages, they can connect with Bitcoin Cash exchange customer support number – +1-833-313-7111.
How is Bitcoin Cash Different from Bitcoin?
The major and technical difference between Bitcoin Cash and Bitcoin is that Bitcoin Cash (BCH) allows larger blocks in its blockchain as compared to the Bitcoin. The reviews on the internet state that Bitcoin Cash (BCH) is a better investment than Bitcoin (BTC). The faster transaction times and low transaction fees make BCH better.
However, both Bitcoin and Bitcoin Cash share some similarities too i.e. they use a proof-of-work algorithm to timestamp a new block. In both cases, the proof of work algorithm used is the same. Also, they both target a new block which is generated every ten minutes on average.
Bitcoin Cash Issues Support Number | +1-833-313-7111
The most important role of the team at the end of the Bitcoin cash helpdesk number is to brief users about why investing in a BCH is a good idea as well as, to simplify the underlying technologies to the end-users. To resolve any sort of glitches and obstructions, dial the Bitcoin cash helpdesk number (+1-833-313-7111) and get the most viable solution at any time.