Bitcoin Cash Announced

As we reported earlier that Bitcoin is split into two cryptocurrencies, the new Bitcoin Cash is now available. The recommended ticker symbol for Bitcoin Cash will be BCC.


According to the Bitcoin Cash website,

“We are pleased to announce that on August 1st 2017, Bitcoin Cash (BCC) successfully launched. At 18:24:41 UTC, ViaBTC pool produced a 1.9 MB BCC block, which was not valid on the legacy Bitcoin network. This marked a clean break and the birth of Bitcoin Cash. All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.”


Bitcoin Cash is similar to Bitcoin cryptocurrency; however, it has some new advanced features that make it different (as per the official website) -

Block Size Limit Increase - Bitcoin Cash provides much needed relief to users with an immediate increase of the block size limit to 8MB.

Replay and Wipeout Protection - Should two chains persist, Bitcoin Cash minimizes user disruption, and permits safe and peaceful coexistence of the two chains, with well thought out replay and wipeout protection.

New SigHash Type - As part of the replay protection technology, Bitcoin Cash introduces a new way of signing transactions. This also brings additional benefits such as input value signing for improved hardware wallet security, and elimination of the quadratic hashing problem.

You can visit the FAQ section of the Bitcoin Cash website to learn more about the newly launched Cryptocurrency.


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