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Bitcoin Cash 101: What is Bitcoin Cash?

Bitcoin Cash is a fork of Bitcoin. Some developers in the Bitcoin community a difference in opinion and the direction of Bitcoin’s development that a split of the blockchain would take place.

The Bitcoin Cash (BCH) fork has some small differences to Bitcoin (BTC) in terms of the size of blocks and confirmations of transactions on the chain.

The increase in block size to 8MB and later 32MB over Bitcoin’s original 1MB was to increase the scale of transactions possible per block.

Adoption, however, has lagged behind for Bitcoin Cash and the majority of blocks are empty or still below the 1MB size of the original Bitcoin chain.

The community battle between supporting both of these tokens has been fierce in recent years and will most likely continue as they debate which token follows Satoshi Nakamoto’s true vision.

Buy Bitcoin Cash (BCH) instantly by setting up a coinpass account and Bitcoin Cash wallet.

Coinpass support the GBP/BCH trading pair by providing liquidity and less friction for Bitcoin Cash to GBP trading.

Learn more about Bitcoin Cash (BCH) at our coinpass academy

Buy Bitcoin Cash Instantly. Signup Today

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Trading cryptoassets (“Cryptocurrencies”) involves significant risk and can result in substantial losses of the customer invested capital. Customers should not invest more than they can afford to lose and should ensure that they fully understand the risks involved. Customers should therefore carefully consider whether trading or holding cryptoassets is suitable in light of their own financial situation and attitude to risk.

Investments in cryptoassets are not covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme.

Coinpass do not make any representations or recommendations regarding the advisability or otherwise of trading in cryptoassets or any particular transaction.

Coinpass Limited is a company registered in England & Wales Company number: 11164834. Registered address: Andrew James House, Bridge Road, Ashford, Kent TN23 1BB.