What is bitcoin cash?

A new virtual currency, bitcoin cash, was born this Tuesday following a disagreement within the bitcoin community about the speed of transactions.

A new virtual currency, bitcoin cash, was born this Tuesday following a disagreement within the bitcoin community about the speed of transactions.

In particular, a part of the Bitcoin community launched a proposal to improve the bitcoin (Bitcoin Improvement Proposal) in order to accelerate the exchanges that are made through this currency.

Despite this announcement the bitcoin remained stable on Tuesday to $ 2,775.03 at 12:45 GMT, according to data provided by Bloomberg.

After the appearance of bitcoin in 2008, other virtual currencies were created, such as ethereum in July 2015 or zcash in October 2016, but this is still the most popular.

Bitcoin, which was born from an internet-based program created by one or more computer scientists using the name of Satoshi Nakamoto, is a self-regulated virtual currency, which preserves the anonymity of its owners.

Transactions are carried out with encrypted codes that circulate through the network. The network acts as a supervisor and verifies that a bitcoin can not be spent at the same time in two different places.

Users can "extract" bitcoins through a complex computer process on their computers, but their number is limited from its creation to a maximum of 21 million units.

http://eleconomista.com.mx/sistema-financiero/2017/08/01/que-bitcoin-cash