bitcoin-cash

Trade Bitcoin Cash on Beaxy

Bitcoin Cash crept into the crypto world as a result of a hard fork from Bitcoin that occurred in August 2017, forming a new cryptocurrency or digital coin. In 2018, Bitcoin Cash had gone through another fork and split into two forms: the Bitcoin Cash ABC and the Bitcoin Cash SV (Satoshi Vision).
Bitcoin Cash brings a solution to the scalability problem of Bitcoin by increasing the block size on the chain. Thus, more transactions can be processed in the Bitcoin Cash blockchain.
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Bitcoin Cash profile

Bitcoin Cash Features

Lower transaction fees
The blockchain system of Bitcoin cash is composed of larger blocks than the original Bitcoin. The mother crypto has 1mb for each block while Bitcoin Cash blocks have 8mb. With more scalability features, there is less competition among users to get the next transaction to the next block. In effect, users need not resort to outbid each other for higher transaction fees. Bitcoin Cash fees are usually at twenty cents.
Fast-paced Progress
Bitcoin users who held Bitcoin balance when the Bitcoin fork occurred became automatic Bitcoin Cash holders as their balances were automatically credited with the equivalent Bitcoin Cash. Since then, Bitcoin Cash holders propagated the use of the new blockchain that translated to huge exchanges and Bitcoin Cash trading. Known personalities in the crypto realm also endorse Bitcoin Cash that also sets the rapid growth of the new altcoin.
Higher Transaction Capabilities
Since Bitcoin Cash blockchain is powered by larger-sized blocks than Bitcoin, it means that the new coin is capable of higher transaction processes every second. Approximately, Bitcoin can perform up to three transactions per second. While Bitcoin Cash, at its full capacity, can process up to twenty-four transactions each second. What’s more, to look forward to is the innovation of Bitcoin Cash developers to produce Gigabyte Blocks to keep abreast with the fastest in the sector.
More blockchain Scaling
Bitcoin Cash’s blockchain is also modeled the same way with Bitcoin comprising several layers of protocol. Bitcoin Cash developers are inclined to the scaling of base layer protocol as they believe that it is the most secure layer to scale. Bitcoin is on the conflicting side of things as its developers think that the base layer should be optimized to be securely firm. Instead, Bitcoin developers are looking to scale the higher layers of the protocol which as of this day have yet to be enhanced.
Frequently Asked Questions
Frequently Asked Questions
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Bitcoin Cash Technology

The technology behind Bitcoin Cash is the same technology that runs its mother crypto, the blockchain technology. Since Bitcoin Cash is made out of Bitcoin fork, it is also being created the same way as Bitcoin, through a digital process.
The blockchain serves as a general ledger that records every transaction that has been made. Users or holders of the Bitcoin Cash use computers to make any transaction and are rewarded with Bitcoin Cash.
Users are rewarded for processing the transactions on the Bitcoin Cash blockchain. These BCH rewards can be used by users to sell their tokens. In another way, the number of coins in circulation is controlled. To create new BCH coins to inject in the circulation, users will have to mine them.
Mining becomes increasingly difficult over time as designed. This is purposefully done to limit new coins joining the circulation to avoid over saturation of coins in the digital market. Bitcoin Cash is set to produce up to 21 million as its limit. Once it is reached, miners will only be rewarded with a portion of token for each transaction.
Much has been said about the mining of Bitcoin Cash, but how are these digital coins mined?

How to Mine Bitcoin Cash?

Mining Bitcoin Cash is performed by using high-powered computers to solve extremely complex mathematical problems. The same effort of literally mining for gold underground is what these computers exert to solve just one mathematical problem. Digital miners are set to an almost mission impossible of digitally mining for coins. According to Investopedia, unearthing a digital coin is as rare as one in 13 trillion.
Mining Bitcoin Cash yields two outcomes. One is that when computers were able to solve complex mathematical problems on the blockchain technology, they are able to produce new coins. The second is that the Bitcoin Cash network becomes more virtually secure as every transaction is protected by verified transaction information through the solved complex mathematical problems. They form into ‘nodes’ that serve as the unlocking key for every transaction.
Bitcoin miners act like quality control personnel as they make sure that no bitcoin cash is duplicated. More so, these miners must verify 8 Megabyte worth of transactions which can be as much as over a hundred transactions. They also send their “proof of work” or the computation of the solved mathematical problem represented in a 64-digit hexadecimal number known as a “hash”.

Risks of Bitcoin Cash Trading

Bitcoin Cash is sure a booming investment these days and is one of the top emerging altcoins in the industry. However, there are also risks in trading this Bitcoin fork. Below are some of the factors that make Bitcoin Cash vulnerable.
Decentralization Setback
Bitcoin Cash developers have focused on on-chain scaling and enlarging transaction blocks but failed to show their game plan for the peer-to-peer aspect of the protocol. This is one of the glaring reasons why Bitcoin Cash has few miners and network nodes.
Small Working Team
A relatively smaller development team working on the Bitcoin Cash and its protocols may be another factor to look into as bigger working teams of Bitcoin and other altcoins can outdo the BCH team in terms of protocol developments, innovations, and technologies. A bigger team means more hands and heads will join forces to expedite necessary developments to keep abreast of the blockchain competition.
Limited Use
Though Bitcoin is reaching a larger scale of markets as time goes by, the volatility of cryptocurrency remains a hindrance to attract more businesses to accept and use crypto coins as an alternative transaction of payments and trade. If the most successful digital coin shows vulnerability, its altcoins would surely pose much bigger weaknesses and limitations. More so, the fact of the matter remains that many businesses in the world do not accept Bitcoin as a legitimate exchange.

Bitcoin Cash Value and How to Buy BCH

Albeit a young cryptocurrency, Bitcoin Cash is ranked fifth among the top-valued cryptocurrencies with a market cap of $4.73 billion. Its volume is currently at $1.72 billion. And just like any other digital coin, its price has fluctuated since its market introduction.
If you are thinking of buying BCH, the easiest way is to use fiat currency to purchase it. However, vigilance against fraudulent entities must always be at the back of your head as you look for online crypto exchanges. Trading other cryptocurrencies is another viable option to acquire Bitcoin Cash.
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Bitcoin Cash on Beaxy

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USDC is a stablecoin and its value is anchored to that of the United States Dollar.

ETH is the native currency of the Ethereum Blockchain, a programmable protocol that supports applications like smart contracts.

BXY is an exchange token that works as loyalty rewards and functional fuel for the Beaxy exchange ecosystem. Greater rewards, discounts, and potential of the platform can be unlocked with BXY.

NEO is an asset run on a distributed smart contract platform. You can exchange NEO and BTC when you place an order on Beaxy.

XRP is a cryptocurrency known for speed and use in global banking. If you’re interested in XRP you can navigate to the coin page to learn more, or the trading page directly to trade.

Litecoin and Bitcoin can be directly swapped for each other on Beaxy. Using the LTC/BTC trading pair allows you to move directly between two of the earliest cryptocurrencies.

Ethereum Classic is a decentralized network that is tailored to application development. If you’d like to trade ETC for BTC, you can do so directly on the exchange page.

Monero was built for anonymity and is the most popular privacy-focused cryptocurrency. You can move in and out of BTC when you place an order with XMR on Beaxy.

EOS is the base asset of EOS.io, a smart contract platform that is governed by 21 block producers. Swap your EOS and BTC with ease on Beaxy.

You can easily move in and out of Bitcoin Cash on Beaxy. Swap Bitcoin Cash for Bitcoin directly by placing an order on the exchange.

BEAM is a privacy-focused cryptocurrency that protects your identity. You can conveniently swap Beam and Bitcoin on Beaxy.

DASH is a decentralized payment solution that features instantly settled payments. You can trade DASH and BTC directly on Beaxy.

Basic Attention Token is the native asset of the Brave browser. You can earn BAT by consuming content on the Brave browser. Exchange BAT and BTC efficiently on Beaxy.

AION is a native asset that performs critical functions for The Open Application Network. You can swap AION and BTC directly on Beaxy.

MTL is the base asset for the Metal Pay ecosystem. MTL is used for quick and easy peer-to-peer transactions. Trade for MTL and BTC directly on the Beaxy Exchange platform.

ICX is the native asset of ICON, a decentralized blockchain network that focuses on interoperability. Seamlessly trade ICX and BTC on Beaxy.

VideoCoin (VID) is a cryptocurrency that runs on the Ethereum blockchain. The asset is rewarded to producers and consumers of web-based video content. You can swap VID and BTC directly on Beaxy.

WAVES is a cryptocurrency that is designed to cater to developers. You can conveniently trade WAVES and BTC on Beaxy.

ZRX is the native asset for 0x, an open-source smart contract development platform. ZRX holders can use the token to vote on updates to the network. Seamlessly swap ZRX and BTC on Beaxy.

TOMO is the base asset for the TomoChain platform which uses Proof of Stake Voting to reach consensus. Easily trade TOMO for BTC by placing an order on Beaxy.

GO is the native asset on the GoChain network. GoChain uses Proof of Reputation as a consensus mechanism. You can easily swap GO for BTC on Beaxy.

Chainlink (LINk) is a decentralized oracle network that connects smart contracts on its platform to verifiable data hosted by nodes on the network.

Dragonchain is a commercial-grade hybrid blockchain that enables developers to rapidly build private blockchains and decentralized blockchain applications.

NRG is a proof of stake platform that is enables the development and management of smart contracts. Exchange NRG with BTC on Beaxy.

POLY is the native asset of Polymath, a security token genreation and management plafotm that allows enterprises to seamlessly create legal and complaiant security tokens. You can trade POLY with BTC on Beaxy.

FTM is a smart contract platform that is modeled after Directed Acyclic Graph (DAG). Exchange FTM tokens for BTC on Beaxy.

ZEC is a privacy focused digital asset that giver users the ability to choose between sending public or private transactions. Trade ZEC with BTC on Beaxy.

Stakenet is an open-source platform that is Lightning Network-readywith its native cryptocurrency – XSN. You can trade XSN and BTC on Beaxy.

USDT is a stablecoin that is pegged to the value of the United States Dollar. You can trade USDT and other stablecoins on Beaxy.

Aleph.im decentralizes the infrastructure required to scale dapps which still rely on some centralized components. Buy, sell, or trade ALEPH on Beaxy today.

Trade Bitcoin Cash on Beaxy
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