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Bitcoin Chas

The One True Bitcoin

The One True Bitcoin

Bitcoin began from nothingness. The genesis block was mined on January 3rd, 2009, and yeah, the design was good and there was no double spending and Bitcoins followers became many. They used Bitcoin to buy a pizza and alpaca socks and drugs on the Silk Road, and they told their friends to use Bitcoin, and they emailed eBay to ask it to let people pay in Bitcoin, and they told their friends to email eBay, and they created long threads about Bitcoin on the eBay support forum, and it was good. There was one team, and it was Team Bitcoin. But soon, Bitcoin got attention from journalists, governments, Silicon Valley, and Wall Street, and the network began to slow down. Team Bitcoin realized that if nothing was done, the network would become unusably slow, with transactions taking days or weeks to clear. If users wanted their transactions to clear faster, theyd have to pay high fees for priority, making Bitcoin impractical to use. Thus began the scalability crisis. Two factions emerged: the big blockers and the small blockers, each armed with different solutions to the scalability crisis. Everyone hated the idea of splitting up Team Bitcoin, but each side believed in their righteousness, and they would not yield. On August 1st, 2017, the big blockers seceded. They duplicated the Bitcoin blockchain, the ledger with the history of all transactions, and begat a daughter, Bitcoin Cash. This was known as a hard fork, and it meant that the two currencies would split ways forever, with Bitcoin Cash transactions recorded on a separate ledger. Everyone who had Bitcoin on August 1st would be granted an equal amount of Bitcoin Cash. There was one team, and it was Team Bitcoin This was the start of the Bitcoin civil war , and it continues to this day. Warring subreddits . Wikipedia edit Continue reading >>

Bitcoin Cash: Peer-to-peer Electronic Cash (bch)

Bitcoin Cash: Peer-to-peer Electronic Cash (bch)

/r/BitcoinCash is for discussion focused on Bitcoin Cash (BCH) news, information, and development! For general Bitcoin discussion please continue to use /r/btc . Bitcoin Cash brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. 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. The ticker symbol for Bitcoin Cash is "BCH", but is sometimes referred to as "BCC" on some exchanges/wallets. Please do not confuse "BitConnect" (which also uses the ticker symbol "BCC") with Bitcoin Cash. Continue reading >>

Bitcoin Cash Price Technical Analysis Bch/usd Likely To Extend Declines

Bitcoin Cash Price Technical Analysis Bch/usd Likely To Extend Declines

Bitcoin Cash Price Technical Analysis BCH/USD Likely to Extend Declines Bitcoin Cash Price Technical Analysis BCH/USD Likely to Extend Declines Bitcoin cash price failed to move above the $1,700 resistance and declined against the US Dollar. Yesterdays highlighted connecting bearish trend line with current resistance at $1,630 prevented gains on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to move down and it could even break the $1,550 support in the near term. Bitcoin cash price is moving down once again against the US Dollar. BCH/USD could extend its decline towards the $1,485 level if sellers remain in control. Yesterday, we discussed an upside correction above $1,650 in bitcoin cash price against the US Dollar. The price did move higher, but it failed to gain momentum above the $1,700 resistance. Sellers defended gains above the stated $1,700 and pushed the price back below the 100 hourly simple moving average. There was also a failure to break the 50% Fib retracement level of the last drop from the $1,835 high to $1,565 low. More importantly, yesterdays highlighted connecting bearish trend line with current resistance at $1,630 prevented gains on the hourly chart of the BCH/USD pair. The pair is currently under pressure and it broke the $1,600 support level. Additionally, it is about to break the $1,565 low, which could open the doors for more losses. The next stop for sellers could be the 1.618 Fib extension of the last wave from the $1,568 low to $1,701 high at $1,485. An intermediate support is at $1,536, which is the 1.236 Fib extension of the same wave. Looking at the chart , the price is clearly under pressure below $1,600. If there is an upside correction, the $1,600 and $1,620 levels are likely to prevent gains. Hour Continue reading >>

Critical Vulnerability Impacts Bitcoin Cash Miners

Critical Vulnerability Impacts Bitcoin Cash Miners

Critical vulnerability impacts Bitcoin Cash miners Users of ABC mining software are being urged to update their builds immediately. A critical vulnerability has been discovered in Bitcoin ABC software which has the potential to impact miners of the cryptocurrency. Ransomware, tech-support scams or email fraud: Which cybercrimes cost victims most? On Monday, Bitcoin ABC said in a security advisory that a critical vulnerability has been found in Bitcoin ABC version 0.17.0 which has the potential to cause an unintended split in the Bitcoin Cash network. In order to exploit the vulnerability, an attacker would need to construct a malicious transaction which could be accepted into Bitcoin ABC and consequently mined into a block. Once this block has been established, the block would then reject all other versions of Bitcoin Cash compliant implementations. "The malicious transaction would contain the bitflag of 0x20 set in the signature hash type," the company notes. If exploited, the security flaw could force a split of BUCash and versions of Bitcoin-ABC prior to 0.17.0 from the majority Bitcoin Cash blockchain. It is not known how other nodes may be affected. See also: Coinsecure, not so secure: Millions in cryptocurrency stolen, CSO blamed The critical bug was reported directly to Bitcoin ABC on 26 April. However, as the flaw was reported anonymously, Bitcoin ABC is asking the researcher to come forward to receive a reward. "Bitcoin ABC will be taking several actions in order to prevent such an event from occurring again, as well as reduce the overall response time in the case of emergent issues in the future," the company added. "Additionally, Bitcoin ABC is in discussions with industry participants to establish a formal bug bounty system." Miners using Bitcoin ABC are ur Continue reading >>

Coinfundr Will Enable Crowdfunding With Bitcoin Cash

Coinfundr Will Enable Crowdfunding With Bitcoin Cash

It seems another interesting development is on the horizon for the Bitcoin Cash ecosystem. After some technical upgradesand theupcoming hard fork to further improve the technology, there is now a crowdfunding platform with BCH support. Known as Coinfundr, this platform is scheduled to launchlater this month. It is evident the world of crowdfunding can benefit tremendously from cryptocurrencies. This is especially true when looking at the problems platforms such as Kickstarter and Indiegogo have suffered from in the past. Backers of projects are not too amused with how both companies have handled negative developments, and there is still a lot of room for improvement. Unfortunately, it seems unlikely either company will ever embrace cryptocurrencies. As such, it makes a lot more sense to build completely new crowdfunding platforms which primarily focus on cryptocurrencies. Coinfundr is one of those projects, although it will focus solely on Bitcoin Cash. That is a very interesting development, as Bitcoin Cash has made a positive impact on the cryptocurrency industry over the past few months. Upto this point, there havent been too many crowdfunding effortsassociated withcryptocurrencies. Platforms such as BnkToTheFuture are quite popular, but they areamong the only platforms which can make any sort of impact at present. Additionally, one could argue the initial coin offering industry has some crowdfunding aspects to it as well, although there is no unified approach to this industry as of right now. Although it is still a bit unclear how Coinfundr will work exactly, it seemsits layout will be quite similar tothose of traditional crowdfunding platforms. The big difference isthat this platformwill only support Bitcoin Cash. Only time will tell how thatdecision plays out, bu Continue reading >>

When Will Bitcoin Cash Move For $2000.00 Again?

When Will Bitcoin Cash Move For $2000.00 Again?

When Will Bitcoin Cash Move For $2000.00 Again? Bitcoin Cash has had a really good time recently. The value of the currency has jumped from gain to gain, leaving the trail of its sibling Bitcoin, behind in the wake of the mid-April market surge. Prior to this point, Bitcoin Cash sort of followed directly behind Bitcoin , steadily, at around 10% of the value of its older sibling. Or younger sibling, but again thats a debate for another day. What I am saying here is that through its great progression, Bitcoin Cash has managed to shake off the curse of the Bitcoin trend and has finally allowed itself to start raking in value on its own, no longer relying on Bitcoin to help it onto its trajectory. At the time of writing, Bitcoin Cash is valued at $1,534.67 and is down 4.86%. The current value of Bitcoin Cash sits around the steady average of around $1,500.00 seen by Bitcoin over the past few weeks, an average aided by a significant climb from around $650.00 to an April peak of $1,535.12 as seen in the wake of the mid-April market surge. Since then, through May, Bitcoin Cash has continued to make positive progression. As I have stated, it has thus far remained to keep at a cool average of around $1,500.00. This is not an accurate mean calculation, however, based on an inspection of Bitcoin Cash data, $1,500.00 isnt far off Bitcoin Cashs true average, without having to make intricate calculations to pin an official figure down. Most vitally, during May we have seen Bitcoin Cash reach a new monthly peak of $1,818.63 on the 6th of May, almost dragging Bitcoin Cash past its current $2,000.00 target. Mind you, this peak was of course short lived, with Bitcoin Cash soon dropping back down to the figures we see today. By just brushing short of $2,000.00, Bitcoin Cash has almost re Continue reading >>

Bitcoin Abc Patches Critical Vulnerability In Bitcoin Cash Mining Software

Bitcoin Abc Patches Critical Vulnerability In Bitcoin Cash Mining Software

Bitcoin ABC Patches Critical Vulnerability in Bitcoin Cash Mining Software Join our community of 10 000 traders on Hacked.com for just $39 per month. Cryptocurrency development team Bitcoin ABC has released a patch to address a critical vulnerability in bitcoin cash mining software. According to Bitcoin ABCs incident report , the vulnerability would have allowed an attacker to initiate a split in the bitcoin cash network. To accomplish this, the attacker would have constructed a malicious transaction that included the bitflag of 0x20 in the signature hash type. The transaction would have been accepted by Bitcoin-ABC 0.17.0 and mined into a block but rejected by all other bitcoin cash mining software including previous versions of Bitcoin-ABC. Bitcoin ABC was made aware of the vulnerability on April 26, and developers quietly distributed a patch to mining pool operators and verified bitcoin cash miners before disclosing the potential exploit to the general public. After analysis of the vulnerability and possible responses, Bitcoin-ABC developers prepared a patch for the vulnerability, and a private release, to distribute directly to mining pool operators. Due to the decentralized nature of the mining community it was not possible to reach everyone directly. This release was provided to verified Bitcoin Cash miners to forward to trusted miners once they had upgraded. That patch has now received a general release, so miners using Bitcoin-ABC 0.17.0 are advised to upgrade to Bitcoin-ABC 0.17.1, which closes the attack vector. Bitcoin ABC will be taking several actions in order to prevent such an event from occurring again, as well as reduce the overall response time in the case of emergent issues in the future, the company promised in its statement. Additionally, Bitcoin A Continue reading >>

Bitcoin Cash Price Analysis: On Journey Of Breaking Barriers

Bitcoin Cash Price Analysis: On Journey Of Breaking Barriers

Bitcoin Cash price analysis: On journey of breaking barriers Breaks major short term resistances to stay at top. Bitcoin Cash is on the journey of its own in Wednesday's trading. It has broken all the major barriers and is now top gainer of the day among all the major cryptocurrencies . Now only major resistance in the way of bulls is the round figure mark of $1,700, crossover of which will take BCH into the orbit. BCH/USD is now up more than 4 percent at $1,670, exactly at day's high. On the hourly chart, BCH has been able to cross and sustain above two major resistances back to back - one, which is a descending trendline drawn from recent highs of $1,848 and another drawn from last month's low of $1,456. Now only worry for the bulls is to cross past 1,700 and then journey to recent highs may begin. Supports now stand at $1,615 and $1,536. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Continue reading >>

Bitcoin Cash News - Cointelegraph

Bitcoin Cash News - Cointelegraph

The Cointelegraph covers Fintech, Blockchain and Bitcoin bringing you the latest news and analyses on the future of money. Authorized users can receive notifications 24 hours before an ICO starts / ends by clicking "Follow" on the respective ICO page Thank you for contacting us! We will reply to you as soon as possible. Thank you for your interest in our franchise program. We are considering your request and will contact you in due course. If you have any further queries, please contact: Continue reading >>

Bitcoin Cash Definition | Investopedia

Bitcoin Cash Definition | Investopedia

Bitcoin cash is a cryptocurrency is a fork of Bitcoin Classic that was created in August 2017. Bitcoin Cash increases the size of blocks , allowing more transactions to be processed. Since its launch, Bitcoin faced pressure from community members on the topic of scalability. Specifically, that the size of blocks set at 1 megabyte (MB), or 1,000 bytes, in 2010 would slow down transaction processing times, thus limiting the currencys potential, just as it was gaining in popularity. The block size limit was added to the Bitcoin code in order to prevent spam attacks on the network at a time when the value of a Bitcoins was low. By 2015, the value of Bitcoins had increased substantially and average block size had reached 600 bytes, creating a scenario in which transaction times could run into delays as more blocks reached maximum capacity. A number of proposals have been made to deal with transaction processing over the years, often focusing on increasing block size. Because the Bitcoin code is not managed by a central authority, changes to the code require buy-in from developers and miners. This consensus-driven approach can lead to proposals taking a long time to finalize. This has resulted in groups creating separate blockchain ledgers using new standards, called a fork. Several forks, such as Bitcoin XT and Bitcoin Unlimited , failed to be adopted by a wide audience. Bitcoin Cash, launched in August 2017, is another fork from Bitcoin Classic . Bitcoin Cash differs from Bitcoin Classic in that it increases the block size from 1 MB to 8 MB. It also removes Segregated Witness (SegWit), a proposed code adjustment designed to free up block space by removing certain parts of the transaction. The goal of Bitcoin Cash is to increase the number of transactions that can be proces Continue reading >>

Buy And Sell Bitcoin Cash - Real Time Bch Price Chart On Etoro

Buy And Sell Bitcoin Cash - Real Time Bch Price Chart On Etoro

BCH will be open for investment with a limit placed on the daily invested amount. When it reaches its daily limit, it will be closed to new investors and reopened the following day. Closing the investment can be done at any time.Created in August 2017, Bitcoin Cash was diverged from the original Bitcoin blockchain as a result of a hard fork. It introduced a larger block size (8mb to Bitcoins 1mb) which enabled faster transaction speeds and lower transaction fees.For years, a debate raged within the Bitcoin community, regarding scaling of the cryptocurrencys blockchain infrastructure. While the Bitcoin Core team called for the implementation of the SegWit protocol, which allowed for faster processing times, another group called for increasing the blockchains block size to include more transactions per block.Despite the fact that the majority of the Bitcoin community supported the SegWit solution (which was also successfully implemented in Litecoins similarly-structured blockchain), the group calling for increased block sizes persisted and rolled out an update.Since there was no majority for accepting the update, on August 1st, 2017, the Bitcoin Blockchain network underwent a hard fork, which resulted in the creation of a new, parallel blockchain and a cryptocurrency called Bitcoin Cash.Bitcoin Cash also introduced an improved hash rate to that of the original Bitcoin, which persuaded many miners to switch over and start mining the new faster Bitcoin. Bitcoin Cash was added to eToro on 12/11/17, and from that moment on eToro traders could buy and sell the underlying asset itself, and enjoy the unique advantages offered exclusively on eToros platform.*All trading involves risk. Only risk capital youre prepared to lose. This is not investment advice. ... Show More Continue reading >>

Op-codes And Scripting Capabilities Coming To Bitcoin Cash

Op-codes And Scripting Capabilities Coming To Bitcoin Cash

Op-Codes and Scripting Capabilities Coming to Bitcoin Cash Over the past few weeks, the bitcoin cash ( BCH ) community has been discussing the use of op-codes with the BCH chain. The technology could allow the creation of different types of metadata implementations like colored coins and representative tokens, alongside the ability to perform smart contracts, but in a more simplified manner as opposed to ethereums solidity programming language. The subject of re-activating certain op-codes and scripting abilities has invoked some excitement from BCH proponents and this May after the bitcoin cash hard fork the community will see some new op-code features. Also read: Cryptocurrency Is the Main Income for 12% of Russian Crypto Users Bringing Op-codes, Colored Coins, and Smart Contract Functionality to the Bitcoin Cash Network Bitcoin cash is forking on Tuesday, May 15 at approximately 12:00:00 UTC, 2018 and will feature a 32 MB block size upgrade, and several bitcoin script operation codes (op-codes) being added or reactivated. Op-codes are basically an abbreviation for operation codes which is essentially a portion of machine language instructions that enable the performance of a specific task. The Bitcoin Cash codebase uses a scripting system in transactions using a Forth -like process, and the protocol has the ability to create colored coins, and simplified smart contracts that can perform automated functions. The resurrection of op-code deployment has been discussed for quite some time, but was recently brought back up when Bitcoin Unlimiteds Andrew Stone launched the Op-Group meetings on Github. Bitcoin cash developer participants at the meeting included Amaury Secht of Bitcoin ABC, Dan Connolly of bitcoin.j.cash, Steve Shadders of Nchain, and other programmers. In o Continue reading >>

Bitmain: The Bitcoin Antminer Developer In China Expands Into Artificial Intelligence Quartz

Bitmain: The Bitcoin Antminer Developer In China Expands Into Artificial Intelligence Quartz

Wu says he regrets that particular Twitter outburst. If I had a time machine I would not have posted that, he says. Fixing his image problem is partly why weve been invited to Beijing to meet himhe rarely grants interviewsand why we were invited to visit his firms bitcoin mine in Inner Mongolia the day following our meeting. Another split for bitcoin is looming in November, when the community must again decide if it will raise the block size limit. Wu, who favors the new split, says such schisms shouldnt be avoided. The core developers dont own bitcoin as a whole, he says. Maybe they own the bitcoin-core software project, but bitcoin is not software, it is a kind of social agreement that is implemented by software. And if people do not agree with each other, a fork will be inevitable. It is only a matter of time. Bitmain and Wus power would never have come about had it not been for a chance encounter on a Beijing street. Zhan, the Sophon chip designer and the technical brains behind Bitmain, was running a startup called DivaIP in 2010 that made a set-top box that allowed a user to stream a television show to a computer screen. One of Zhans staff was canvassing for customers when Wu walked by. Employees at Bitmains Beijing headquarters. (Quartz/Zheping Huang) Wu was then in private equity, armed with a degree in economics and psychology from Peking University, Chinas most august institution. Zhan, a graduate of the Chinese Academy of Sciences, famed for its technical degrees, was trying to raise funding for DivaIP, so he asked Wu for advice. Ultimately Wu couldnt help, but three years later it would be Wu who needed Zhan. Wu had discovered bitcoin in 2011 in a blog post, and one line stuck in his head. They described it as the most dangerous open-source project ever, he Continue reading >>

Bch Usd | Bitcoin Cash Us Dollar Bitfinex - Investing.com

Bch Usd | Bitcoin Cash Us Dollar Bitfinex - Investing.com

To use this feature, make sure you are signed-in to your account To use this feature, make sure you are signed-in to your account Make sure you are signed-in with the same user profile Add to/Remove from a Portfolio Add to Portfolio 14:08:33 GMT - Real-time Data. ( Disclaimer ) National Futures Association (United States), U.S. Commodity Futures Trading Commission (United States), The Financial Conduct Authority (United Kingdom), Australian Securities and Investments Commission (Australia), Financial Industry Regulatory Authority (United States), Investment Industry Regulatory Organization of Canada (Canada), Securities and Exchange Board of India (India), Securities and Exchange Commission (United States), The Securities and Futures Commission (Hong Kong), Securities Investor Protection Corporation (United States) U.S. Commodity Futures Trading Commission (United States) Monetary Authority of Singapore (Singapore), National Futures Association (United States), U.S. Commodity Futures Trading Commission (United States), The Financial Conduct Authority (United Kingdom), Australian Securities and Investments Commission (Australia), Dubai Financial Services Authority (United Arab Emirates), Investment Industry Regulatory Organization of Canada (Canada) We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse weve all come to value and expect, please keep the following criteria in mind: Stay focused and on track. Only post material thats relevant to the topic being discussed. Be respectful. Even negative opinions can be framed positively and diplomatically. Use standard writing style. Include punctuation and upper and lower cases. NOTE: Spam and/or pro Continue reading >>

Bitcoin Billionaires May Have Found A Way To Cash Out

Bitcoin Billionaires May Have Found A Way To Cash Out

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Bitcoin Billionaires May Have Found a Way to Cash Out Major holders, most of whom have held for years and never sold, have expressed interest in doing similar trades. Bitcoin did a lot of growing up in 2017, but there was one trade this week that could go a long way toward stabilizing the market for the cryptocurrency and further establish its credibility in mainstream finance. Sure, the meteoric rise in bitcoin prices has everyone debating whether it's one of history biggest bubbles, but just look at all the accomplishments that have put it on the cusp of joining the global financial system. LedgerX opened the first U.S. Commodity Futures Trading Commission-approved clearinghouse for cryptocurrencies in October, and began trading in swaps and options. Cboe Global Markets and CME Group have started trading in bitcoin futures. The New York Stock Exchange, Intercontinental Exchange -- and no doubt others -- plan to offer exchange-traded funds based on bitcoin futures. But for all those achievements, there are some big issues that have yet to be resolved. The U.S. Securities and Exchange Commission rejected the use of the Gemini exchange to determine bitcoin prices -- which Cboe is using for the daily settlement of bitcoin futures -- and has expressed doubts about us Continue reading >>

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