RATE Group | Bitcoin Cash – Is the End Near? | Crowdfund Insider
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Bitcoin Cash – Is the End Near? | Crowdfund Insider

17 Sep Bitcoin Cash – Is the End Near? | Crowdfund Insider

Posted at 07:23h in Bitcoin News by

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Bitcoin Cash Basics

Bitcoin Cash was born in August 2017 as the result of a hard fork from the Bitcoin network. Discussions began in early 2017 among the Bitcoin community to rollout the SegWit update which would allow scaling of the blockchain. However, a subset of the community decided the upgrade was slow-moving and inadequate to solve their problems, so they announced the hard fork to Bitcoin Cash.

The decision to hard fork was led by Jihan Wu of Bitmain, and Roger Ver, an early Bitcoin evangelist dubbed “Bitcoin Jesus.” Ver worked to bring bitcoin to the mainstream by implementing Bitcoin payments on his company’s website, memorydealers.com, and opened bitcoinstore.com, an online store that transacted in Bitcoin. In addition, he organized conferences, lobbied the use of digital assets for businesses, and supported early investments in Kraken, Ripple, Blockchain.info, Bitpay, and others.

BTC vs. BCH

In order to avoid confusion, we will refer to Bitcoin in this…

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