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What is Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) was launched in 2017 following disagreement among the Bitcoin community regarding scalability. Bitcoin Cash, a bitcoin fork with a larger block size limit of 8MB (later 32MB), was the result. BCH allowed for faster on-chain transactions on the Bitcoin Cash network, while Bitcoin moved forward with Layer 2 solutions such as the Lightning Network.
While bitcoin has established itself as a hedge against inflation and a store of value, Bitcoin Cash prefers innovation and improving its usability as a peer-to-peer currency or “cash”.
To maintain privacy, Bitcoin Cash uses coin mixing, a process whereby multiple BCH users’ transactions get clustered together to hide the origin of users’ coins.
Like BTC, only 21 million BCH will ever exist, and the issuance of new coins is halved approximately every four years, so the last BCH should be mined in 2140.
How do I buy BCH?
Buying Bitcoin Cash has never been easier. With Coinmama, you can buy BCH from the comfort of your home or even via your phone while you are on the go! Our industry-leading customer service is available 24/7 to make your purchase simple, smooth, and secure.
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