Bitcoin Cash Soars 70%, What's the Difference with Bitcoin?

in bitcoin •  7 years ago 

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The world is overwhelmed by the phenomenon of virtual currency or cryptocurrency, bitcoin. Bitcoin which is currently worth hundreds of rupiah also have a product 'brother', namely Bitcoin Cash. What is that?

Previously, let's differentiate between old Bitcoin or Bitcoin with BTC and Bitcoin Cash code with BCH code.

BCH emerged from the fork event of the old BTC. Fork is an event that occurs in blockchain Bitcoin when the Bitcoin development team wants to change the new features to the coin programming system.

As a result, fork that occurred in BTC create a new product, called BCH. But actually, this is not a new product that is completely new, because those who have BTC when fork happens, BCH value will remain the same. Simply put, this is a duplication just the same as BTC.

Actually, there are so many cryptocurrency numbers, not just BTC and BCH, the numbers can even be up to thousands. Well, BCH is just a modification of the existing cryptocurrency.

But today, unlike the BTC has been widely traded, BCH is still not much transacted. Liquidity is considered small and difficult to trade. But over time, BCH is now a lot of people who know and used as a means of investment.

Just like BTC and other cryptocurrencies, no one knows where to move this virtual currency.


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