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Introducing Bitcoin Cash

Bitcoin Cash (BCH) is a hard fork of the original bitcoin blockchain. It was created when bitcoin split on August 1, 2017. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin Cash you can send money between any two people instantly no matter where they live in the world at virtually no cost!

What is Bitcoin Cash?

Bitcoin Cash is a cryptocurrency that split from the original Bitcoin network in August 2017. It has since grown to have a current market capitalisation of $2.1 billion (USD). The main reason for this split was to ensure that users were able to carry out day-to-day transactions using their Bitcoins, rather than being forced to wait several days for funds to clear.

Bitcoin Cash was created by two teams: one lead by Amaury Sechet and another lead by Peter Rizun and other developers. These two teams agreed on several changes that needed to be made to Bitcoin in order for it work as expected: Increase block sizes from 1MB up towards 8MB and remove SegWit (Segregated Witness) from its base protocol.

History of Bitcoin Cash

Bitcoin Cash is a fork of the original Bitcoin. It uses the same underlying technology but improves on it in some ways, focusing on transaction speed and cost. Bitcoin Cash was created to address some of the scalability issues facing Bitcoin, which often resulted in slow transaction times and high fees for users.

Though you can use either currency interchangeably, if you want to buy something with Bitcoin Cash, you need to be able to spend it where others accept it as payment (like merchants or exchanges).as features like faster transactions, lower fees compared to original bitcoin.

How does Bitcoin Cash work?

Bitcoin Cash is a fork of the original Bitcoin. It uses the same underlying technology but improves on it in some ways, focusing on transaction speed and cost. Bitcoin Cash was created to address some of the scalability issues facing Bitcoin, which often resulted in slow transaction times and high fees for users.

Though you can use either currency interchangeably, if you want to buy something with Bitcoin Cash, you need to be able to spend it where others accept it as payment (like merchants or exchanges).

Get ready to trade BCH on BTC Markets

Buying crypto assets is a great way to provide diversification to your portfolio. Many people want to use there crypto as a payment system and that is where cash Bitcoin Cash can work well for Bitcoin holders. At BTC markets we provide a fast, safe and secure trading experience on a platform with 99.99% uptime making it easy to buy BCH no matter how experienced you are as a trader. Sign up for you BTC Markets account today or get in touch with our team if you have any more questions.

Frequently asked questions

What is BCH?

Bitcoin Cash is the result of a hard fork from Bitcoin.

The two were created in response to disagreements about the future direction of Bitcoin, which was originally designed as a currency that would be used for fast and low-cost transactions. The community eventually decided to split into two distinct camps: one wanted to keep the original vision for Bitcoin intact, while another wanted to make it more efficient for larger transactions by increasing block sizes and decreasing fees.

Bitcoin Cash was born from this schism with its own blockchain, which has increased its block size up to 8mb while keeping many other aspects of the original protocol intact.

Can I Buy BCH with BTC Markets?

The best way to buy Bitcoin Cash in Australia is via BTC Markets. It's easy, fast and allows you to trade with AUD. You can set up a BTC Markets account easily, and once in place make AUD deposits onto your account. At the moment BTC Markets accepts Osko, Pay ID, and Bpay payments from clients which allows them to participate with the BTC Markets exchange. You can then safely and securely Buy Bitcoin Cash through the variety order types. You can do a simple market order and to buy BCH at the available price on BTC Markets exchange or alternatively use the range of advance trading features to get you ideal trade executed.

Is It Safe to Trade BCH with BTC Markets?

You can be confident in knowing that BTC Markets exchange will be a secure crypto currency exchange to trade Bitcoin Cash. BTC Markets has been awarded the ISO27001 security accreditation for handing private customer data. Achieving this accreditation demonstrates our customer and stakeholder trust, operational flexibility and adaptability, data protection, excellent risk management, and legal compliance.

Does BTC markets support advanced trading?

Yes, Customer can access a range of API'S with our platform and implement API specific trading strategies. BTC markets clients can access REST API, FIX API or WebSocket API to Trade BCH.

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