Though Bitcoin is typically considered the cryptocurrency leader, it is not without flaws. As Bitcoin matured, miners, developers, and users found that Bitcoin lacked scalability and speed.

There were several theories on how Bitcoin could be improved, but the decentralized nature of Bitcoin can translate into slow change. Additionally, developers and minors felt that the proposed changes, like SegWit2x, did not fully address Bitcoin’s perceived shortcomings.

To address this, one group of developers, miners, users, etc., decided to fork the Bitcoin blockchain, essentially splitting off the original Bitcoin blockchain and creating a new network with new rules and features. This fork, which occurred on August 1, 2017, resulted in a new form of cryptocurrency – Bitcoin Cash.

As the name would suggest, Bitcoin Cash operates on many of the same principles as Bitcoin. The peer- to-peer, decentralized cryptocurrency was launched in August of 2017, and today it is considered one of the leading altcoins available.

Characteristics of Bitcoin Cash

In many ways, Bitcoin Cash operates the same way as Bitcoin, offering the benefits of a decentralized, open-source cryptocurrency. However, the new fork allowed for some sizable shifts that lead to significant differences between the two.

Transactions speed and limited At the time of the fork, Bitcoin’s block size was 1 MB. This lead to slow transactions speed and limited scalability. At times, this left it inefficient for small, everyday purchases (think a cup of coffee); it also makes it harder for Bitcoin to scale alongside demand.

At launch, Bitcoin Cash blocks were 8 MB in size, and today Bitcoin Cash blocks have grown to 32 MB in size. This growth has allowed for an increase in both transaction speed and scalability – something many believe are necessary for long-term success in the cryptocurrency arena.

Storing & Using Bitcoin Cash

Cryptocurrency varies from traditional fiat currency (dollars, euros, etc.) in that it is not a physical item that is exchanged. Instead, cryptocurrencies like Bitcoin Cash are actually snippets of code located at a precise location on the blockchain. To access Bitcoin Cash, currency holders must have both the address and a private key.

Information is stored wallet in This access information is stored in what is considered a “wallet.” Wallets are available in a variety of forms, though one of the most popular is software that is downloaded to your tablet, desktop, or mobile device. If you purchase Bitcoin Cash from xCoins, you’ll automatically gain access to the xCoin wallet, which keeps your cryptocurrency safe and easily accessible.

Bitcoin Cash can be used for peer-to-peer transactions, to invest in other types of cryptocurrencies, or to purchase goods and services from retailers. Bitcoin Cash is accepted by a variety of retailers, including those offering products and services within the travel, apparel & accessories, cloud computing, communication, and crowdfunding categories. Further, retailers like eGifter allow users to purchase retail gift cards using their Bitcoin Cash

to find out how we have grown to over 50,000 crypto transactions and 75 Million US Dollars in currency exchanged. All of our Ether sales are performed by buyers using bank-issued Credit or Debit Cards. We include our transaction fee directly within the exchange rate you receive, so the number you see in our exchange calculator is the current price you will pay for Bitcoin Cash.

Crypto News and Updates

Learn all you need to know about bitcoin transactions, how they work, where bitcoin transactions are stored and how many confirmations a Bitcoin transaction needs. Since...

March 08, 2019

Let’s be honest. We love Bitcoin around here. We’re excited, if not positively giddy, about what cryptocurrency means for the future of money. Still, this one...

October 23, 2018

Which countries make it legal to trade Bitcoins with Almost all of them! does business with enthusiast clients in 167 countries! Who wouldn’t want to know...

October 11, 2018

Readers of this blog will know that we’ve mentioned in-person Bitcoin trading once or twice. Or three times. It comes up. So we thought it was about...

September 17, 2018

Ever since Bitcoin's inception, it has been throwing challenges at users interested in buying, selling or holding bitcoins. For the process of buying bitcoins and...

July 13, 2018

  A blockchain driven financial system is inevitable and when it happens, cryptocurrencies are going to be at the centre of it. So, no matter what...

June 25, 2018