What is BCH (Bitcoin Cash)?

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What is BCH (Bitcoin Cash)?
Bitcoin (BTC) is currently the most supported digital currency in the world. The difference occurred on August 1, 2017, and a new digital currency called Bitcoin Cash (BCH) was born. Due to the version switch, the Bitcoin blockchain is divided into two independent blockchains. All people who owned Bitcoin before this time were entitled to the same amount of “Bitcoin Cash” tokens, similar to dividends in stocks.

How to buy BCH?
With the increasing popularity of cryptocurrencies and the attractiveness of bitcoin cash, many exchanges such as CEO.IX, Kraken and Bithumb have provided good services to purchase and sell new digital currencies.
I am currently the most commonly used OTCBTC platform, which is easy to learn and operate on the OTC exchange.

What is the difference between Bitcoin and Bitcoin cash?
1. Different block capacity for recording transaction information
Bitcoin has a block size of 1MB, and Bitcoin cash removes Segregated Witness (SegWit). It removes the block size 1M limit, supports a maximum of 8M block size, and adheres to the chain expansion route. It is a blockchain asset generated by the Bitcoin ABC solution, with greater stability and security. More transactions can be supported at a specific time. The first BCH block in which bitcoin cash was dug out was already over 1MB in size.
2. The two algorithms are different in difficulty
Bitcoin has a maximum of 21 million. As the amount of digging increases, the amount of margin is smaller, and the difficulty of the algorithm becomes more difficult. Bitcoin cash uses dynamic difficulty adjustment mode, and production difficulty will be adjusted with the entire bitcoin cash network. The more nodes you join, the more difficult it is, and the less difficult it is. Because Bitcoin cash out of the block for a long time, Bitcoin cash began to adjust the mining difficulty on August 8, and increased the speed of out of the block.

Bitcoin cash price is $1338.61 and the ranking is 4 on May 2.