Bitcoin Cash: A simplified explanation

Bitcoin Cash: A simplified explanation

bitcoin cash

What is Bitcoin Cash?

Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.

Is ‘Bitcoin Cash’ different from ‘Bitcoin’?

Yes. It’s the upgraded-in-2017 version of Bitcoin. It was created because the original bitcoin payment system became too unreliable and expensive.

What Can I do with Bitcoin Cash?

You can exchange it for dollars, euros, yen, or other government-issued currencies. You can also spend it at stores and websites that accept it. Of course, you can also choose to hold it as an investment.

Why Should I Care About Bitcoin Cash?

For the first time in history, decentralized money (without a central bank) is possible. This could create one of the biggest revolutions in human history. “Cryptocurrencies” like Bitcoin and Bitcoin Cash are already disrupting the status quo and make up a hundred billion dollar market.

Great things are possible and you can be a part of it. Also, early adopters have the possibility to get rich. Many already have. And many more millionaires and billionaires will be created.

Where Can I Learn More About Bitcoin Cash?

You can check the official website, or visit r/bitcoincash or r/btc.