community: News of Bitcoin Cash (BCH) - July 2024 Price Update - 7.24% Breakout Crypto News and Analysis

Student

Explore the Core.

Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy and larger block size. As a permissionless, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties. Bitcoin Cash was created as an alternative to the first and most valuable cryptocurrency — Bitcoin (BTC). In 2017, BCH developers modified the BTC code, releasing their software version and a full-fledged competitive product, which split Bitcoin into two blockchains: Bitcoin and Bitcoin Cash. Bitcoin Cash is a result of a hard fork in the blockchain due to differences in the community over Bitcoin scaling and the SegWit upgrade. Moreover, another hard fork, which divided Bitcoin Cash into two parts, Bitcoin ABC and Bitcoin SV, took place in the fall of 2018. The scaling debate involved two sides: small block supporters opposed increasing block size as it could lead to blockchain centralization and vulnerability by making it harder to host full nodes. Large block supporters, however, advocated for a faster solution, concerned that rising transaction fees could hinder growth.

Student

Explore the Core.

Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy and larger block size. As a permissionless, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties. Bitcoin Cash was created as an alternative to the first and most valuable cryptocurrency — Bitcoin (BTC). In 2017, BCH developers modified the BTC code, releasing their software version and a full-fledged competitive product, which split Bitcoin into two blockchains: Bitcoin and Bitcoin Cash. Bitcoin Cash is a result of a hard fork in the blockchain due to differences in the community over Bitcoin scaling and the SegWit upgrade. Moreover, another hard fork, which divided Bitcoin Cash into two parts, Bitcoin ABC and Bitcoin SV, took place in the fall of 2018. The scaling debate involved two sides: small block supporters opposed increasing block size as it could lead to blockchain centralization and vulnerability by making it harder to host full nodes. Large block supporters, however, advocated for a faster solution, concerned that rising transaction fees could hinder growth.

A dedicated learner!

Explore the Core.

It looks like there's a lot of excitement building around Bitcoin Cash, especially with the upcoming Bitcoin Cash Conference in Buenos Aires in October 2024! 🎉 The conference, scheduled to take place from October 12 to 14, is expected to be a major event for Bitcoin Cash enthusiasts, bringing together experts, developers, and community members to discuss the latest developments and future plans for BCH.

Trade hard. Joy is coming

Spot the Main Event:

The team have just added the option to pay with BCH to https://nano-gpt.com/ (through promptcash which is fantastic). Our service allows anyone to access GPT-4, Claude, Gemini, DALL-E, Stable Diffusion and a whole lot of other text and image models without a subscription, instead paying per prompt using crypto. It's all anonymous and private. We've had a lot of help from Bitcoin Cash community members in testing our payment flow and think it's pretty awesome now. We use 0-conf, so it's possible to go from visiting our website to having paid BCH and using our service within a minute. Would love for you all to try it out (minimum is just $0.10) and let us know what you think!

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.