Bitcoin Cash (BCH): what you need to knowBitcoin Cash (BCH): what you need to know

Bitcoin Cash (BCH) is a cryptocurrency that originated in 2017 as a hard fork of Bitcoin. It emerged from a community of users and developers who felt Bitcoin had become too slow and expensive for everyday transactions. Bitcoin Cash increased the block size from Bitcoin's 1 MB to 8 MB (and later to 32 MB), allowing it to process more transactions per block and keep transaction fees lower.

Whitepaper: https://www.lcx.com/bch-mica-white-paper/

Like Bitcoin, Bitcoin Cash uses a Proof-of-Work (PoW) consensus mechanism, where miners add new transaction blocks to the chain and are rewarded for doing so. The difference is that Bitcoin Cash allows larger blocks, enabling faster transactions and lower costs. Bitcoin Cash functions as a peer-to-peer electronic cash system, intended for direct value transfer between individuals without intermediaries.

• Ticker: BCH

• Category: Digital Currency

• Blockchain: Bitcoin Cash

• Protocol: Proof-of-Work (SHA-256)

• Year of launch: 2017

Bitcoin Cash is based on the original Bitcoin code, with modifications to increase scalability. It uses the same cryptographic algorithms and security mechanisms as Bitcoin. The larger block size allows the network to process more transactions per second, making it more suitable for everyday payments and micropayments.

Since the Bitcoin split, Bitcoin Cash has built its own ecosystem. It is supported by miners, traders, merchants, and users seeking a faster and cheaper form of digital money. Bitcoin Cash is accepted as payment by various online and physical stores.

Bitcoin Cash originated from a community of developers, miners, and users who aimed for faster and cheaper transactions. There is no single founder, but important figures in the project include Jihan Wu, Roger Ver, and other community members dedicated to the Bitcoin Cash ecosystem.

BTC Direct has been the European entry point to crypto since 2013. We make buying Bitcoin Cash straightforward, even if it is your first time:

• Trusted in Europe. BTC Direct is registered with the Dutch Central Bank (DNB) and operates under MiCA, the EU regulation for crypto.

• Familiar payment methods. Pay with iDEAL, Bancontact, Sofort, SEPA bank transfer, credit card, PayPal or Apple Pay. Your BCH is on its way within minutes.

• Your coins, your control. We do not store your BCH. After your purchase, your coins are sent straight to your own wallet address.

• Based in the Netherlands, serving all of Europe. Our experts are based in the Netherlands and answer in your language across the SEPA zone. Need help? We are here.

• Start with a small amount. From just €30. The minimum depends on the coin.

Ready to buy your first BCH?

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Click here for more information about the environmental impact of this specific coin.

More questions about Bitcoin Cash or BTC Direct? Visit our help center for more answers.

Please note: for more information about this crypto asset, consult the official sources of the project at https://bitcoincash.org/.

Cryptocurrencies, including Bitcoin Cash (BCH), are volatile and carry risks. The value of BCH can fluctuate greatly and investments can lead to financial losses. Always do your own research and only invest money that you are willing to lose.

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