10 years ago, the world was revolutionized by the introduction of the first digital currency known as . There was an anonymous person or a group of people known by the pseudonym Satoshi Nakamoto who invented the biggest worldwide. has changed the way we buy and sell services because it is a completely independent currency that doesn’t need any government or a bank to control it.
Since then, many people and companies have entered the world and have developed a lot of everywhere in the world. Some of them are very successful, some of them are not. However, in the past 2 years, there is a new type of currency known as cash, and people don’t know whether it is different from or not.
For those who don’t know, cash is a developed in August 2017 as a part of the classic. cash allows more transactions to be processed, and it is increasing the size of the blocks in the .
When was introduced, it became popular for its characteristics and was recognized as the most expensive and stable . However, apart from its popularity, the biggest downside of is it its scalability. That means that is limited to 1MB for the size of block transactions. That’s why some developers created cash — it is different than because it is able to process more transactions in a short period of time. cash is increasing the block size from 1MB to 8MB.
Simply said, cash is an alternative of , and is great for those people who are not satisfied with ’s characteristics and its SegWit update. SegWit is an update to , introduced in 2017, that resolves ’s scaling problem. cash removes SegWit from its properties.
Another difference between and cash is the way of solving difficulties. cash is much faster in solving difficulties. It adjusts difficulties every 600 seconds, according to the computing power of the network of the user.
cash’s value is much smaller than the ’s value — it is around $120. However, cash is easier to mine. The value of the might be smaller, but you have more chances to mine and collect more cash .
Furthermore, you can buy cash in many exchanges, such as HitBTC, Bitstamp, GDAX, Bitfinex, etc. Its symbol is usually BCH. It is expected that the new version of cash will increase the size of the blocks, from 8MB to 32MB. Moreover, it is expected that cash’s smart contracts will be much better.
As the time passes, it remains to be seen whether cash is here to stay or not. However, have gained a lot of popularity and many large companies accepted payments in . Also, there are many crypto funds that include cash in their holdings, so it is expected that cash will grow and its value will become much bigger in the future. Among them, CryptoSouk recognizes the importance of cash and they have created the best digital asset exchange for all traders.
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Published at Fri, 26 Apr 2019 19:13:12 +0000
