Bitcoin Cash
01
Aug

Bitcoin Cash – Block: 478559

About

Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.

All Bitcoin holders as of block 478558 are also owners of Bitcoin Cash. All are welcome to join the community as we move forward in creating sound money accessible to the whole world.

On Chain Scalability – it follows the Nakamoto roadmap of global adoption with on-chain scaling. As a first step, the blocksize limit has been made adjustable, with an increased default of 8MB.

New Transaction Signatures – A new SigHash type provides replay protection, improved hardware wallet security, and elimination of the quadratic hashing problem.

New Difficulty Adjustment Algorithm (DAA) – Responsive Proof-of-Work difficulty adjustment allows miners to migrate from the legacy Bitcoin chain as desired, while providing protection against hashrate fluctuations.

Decentralized Development – With multiple independent teams of developers providing software implementations, the future is secure. It is resistant to political and social attacks on protocol development. No single group or project can control it. The bitcoin-ml mailing list is a good venue for making proposals for changes that require coordination across development teams.

Anyone who held Bitcoin at the time Bitcoin Cash was created became owner of it. This means that Bitcoin holders as of block 478558 (August 1st, 2017 about 13:16 UTC) have the same amount of Bitcoin Cash as they had Bitcoin at that time.

Any transactions after the August 1st ledger split are completely separate. This means any Bitcoin acquired after the split does not include any Bitcoin Cash, and any Bitcoin Cash does not include any Bitcoin.

Hard-fork info

   
Name Bitcoin Cash (BCH)
Block height 478559
Hard-fork date 2017/08/01
Ratio to BTC 1:1
Official Website www.bitcoincash.org

Bitcoin vs Bitcoin Cash

  Bitcoin Bitcoin Cash
Max. Supply 21 Million 21 Million
Distribution Mining Mining, Claiming
Mining Algorithm SHA256 SHA256
Blocktime 10 min. 10 min.
Max. Blocksize 1MB 8MB
Difficulty Adj. 2 Weeks 2 Weeks
Established since 2009 August 2017

Exchanges

Tradable Exchanges (Link to Coinmarketcap)

How to claim

Use our Step by Step guide to claim your coins!

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