Bitcoin Cash: Revolution of payments using innovative technologies

In the world of digital names, one of the remarkable Bitcoin Cash innovations (BCH), a Peer-to-Peer network that disrupts traditional payment systems. Since the beginning of 2017, BCH has gained popularity and has attracted a significant interest in decentralized finances (Defi). In this article, we dive into the concept of bitcoin cash, its unique functions and the revolution in payment.

What is Bitcoin Cash?

Bitcoin Cash is a fork of the original bitcoin blockchain, created by an anonymous programmer named Laszlo Hanyegan. “BCH” in the title means “Bitcoin Cash”, which is hard on the maximum amount of bitcoins that can be extolished at a given moment. BCH works regardless of the main bitcoin network and uses another consensual algorithm.

Key features

BCH offers several innovative features that distinguish them from other cryptocurrency:

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• speed : BCH transactions are much faster than Bitcoin Trans, thanks to the optimized block size and more efficient consensus algorithm.

• Low fees : BCH block limit is lower compared to bitcoins, causing lower fees and better user sensations.

• Running of payments : BCH offers quick cross -cross payments, making it an attractive option for natural persons and companies who want to transfer funds around the world.

innovative technologies

BCH introduced several breakthrough technologies that allowed her success:

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• Spinal : A new consensus algorithm that uses a new approach to validation of transactions, which makes more energy and resistant to 51% of attacks.

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Payment Innovation

In his success, BCH innovation played a key role in payments:

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• MICTRANSACS : The technology of segregated witness BCH (segwit) allows the implementation of microtransactions that are a small amount of cryptocurrency listed among users.

• Defi : BCH has facilitated several decentralized applications (DAPP) including credit platforms, stables and decentralized exchanges (DEXS).

Impact on financial incorporation

Innovative BCH technologies have significantly contributed to financial incorporation:

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• MICROFINANE : BCH microtransactions democratized access to finance for natural persons and small companies, allowing them to start or develop their businesses.

application

Bitcoin Cash (BCH) is a revolutionary cryptocurrency that has disturbed traditional payment systems thanks to its innovative features and technologies. Thanks to the scalability, speed, low fees and payments of cross -materials, it makes it an attractive choice for natural persons and companies looking for fast and safe transactions. How the development of BCH and its impact on financial incorporation will continue to grow.

future perspectives

As the country of cryptocurrencies develop, BCH innovations are able to shape the future of payment systems:

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ethereum version possible