Bitcash/BCC

Bitcoin Cash also known as Bitcash or BCC and this is a peer-to-peer electronic cash for the internet. It requires no bank and no trusted third parties to operate. Bitcoin cash is seeking to be a cryptocurrency with transaction capacity. Many people thought that Bitcoin Cash was a threat but it has made its way to Bitcoin Cash supporters.

Bitcoin Cash is a permanent fork of Bitcoin. So if you own Bitcoin, you will have the same amount of Bitcoin and Bitcoin Cash after the fork. In fact BCC futures are currently trading at about $475. However, many exchanges including Coinbase are not prepared for this event. If you won Bitcoin you automatically own Bitcoin Cash because the latter is a fork of the ledger. This means that you won the same amount of Bitcoin Cash and you would own Bitcoin. This does not transpire if your Bitcoins are stored by a third party such as an exchange as then you must inquire with them about your cash. These might or might not give you your Bitcoin Cash. So in this case, it is very dicey whether they will be able to give you the Bitcoin Cash that you are entitled to.

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There are two risks however. Replay and wipe out attacks. Wipeout is not as much of a risk and Replay protection is provided as part of the Bitcoin Cash release. Bitcoin Cash transactions use a new flag which is non-standard and prevents Bitcoin Cash transactions from being replayed on the Bitcoin blockchain and vice versa. As long as you own your own private keys, you can use those keys to create transactions on either chain safely. Bitcoin Cash (BCC) is a cryptocurrency created via a fork of the Bitcoin network. It is an exact replica of bitcoin with a few small differences and has removed segwit from the bitcoin protocol. Bitcoin cash has increased the block size from 1MB to 8MB. The scaling issue can be solved in two different ways. Bitcoin is undergoing a lot of stress as it is becoming more and more popular. This resulted in the differences being split and two coins which are bitcoin and bitcoin cash.

Bitcoin was invented in 2009 and this came with blockchain. Blockchain is a revolutionary technology that is changing businesses all over the world and is the most secured and encrypted currency there is. It is probably the most significant invention since the internet.