Improve this answer. Marc Alexander 3 3 silver badges 16 16 bronze badges. Are there any light desktop wallets to support B. Cache yet? Without that, it's all kinda' just theory. Aug 1 '17 at Was your transaction confirmed before or after block ? Andy, thanks. Caveat emptor, though, some early problems have already been reported as kinda' expected in such cases.
Aug 3 '17 at Show 4 more comments. Since you hold the private key of your wallet, you just need to import it to a BCC wallet after the fork and you will get access to your bitcoin cash, After UTC or maybe you need to wait for 1 BCC block? Just creating new addresses is not sufficient: you must create a totally new wallet file with a different mnemonic, etc.
BCC has some replay protection note: contrary to what they say, it is not complete replay protection, unless they changed it since I last heard , so this should typically not be replayed. Just in case it is replayed, the destination wallet should also be under your complete control.
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Never use that wallet file again. Sufiyan Ghori Sufiyan Ghori 1 1 silver badge 9 9 bronze badges. How do I get my BCH in this case? You should do the same again, send it to into a new wallet and watch your second wallet in your BCH Wallet — rubo77 Aug 2 '17 at Hi, could you please advice here too bitcoin. Thanks — Gabe Aug 10 '17 at V , for instance, processes close to million transactions per day, averaging roughly 1, transactions per second.
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The company's capability actually far surpasses that, at 65, transaction messages per second. How many transactions can the bitcoin network process per second?
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As the network of bitcoin users has grown, waiting times have become longer because there are more transactions to process without a change in the underlying technology that processes them. Developers and cryptocurrency miners have come up with two major solutions to this problem. The first involves making the amount of data that needs to be verified in each block smaller, thus creating transactions that are faster and cheaper, while the second requires making the blocks of data bigger, so that more information can be processed at one time.
Bitcoin Cash BCH developed out of these solutions.
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Below, we'll take a closer look at how bitcoin and BCH differ from one another. Signature data has been estimated to account for up to 65 percent of data processed in each block, so this is not an insignificant technological shift. Talk of doubling the size of blocks from 1 MB to 2 MB ramped up in and , and, as of February , the average block size of bitcoin increased to 1.
Bitcoin Cash VS Bitcoin: Which One Should You Choose
By January , however, block size has declined back toward 1 MB on average. In September , research released by cryptocurrency exchange BitMex showed that SegWit implementation had helped increase the block size, amid a steady adoption rate for the technology.
Bitcoin Cash is a different story. Bitcoin Cash was started by bitcoin miners and developers equally concerned with the future of the cryptocurrency and its ability to scale effectively. However, these individuals had their reservations about the adoption of a segregated witness technology. They felt as though SegWit2x did not address the fundamental problem of scalability in a meaningful way, nor did it follow the roadmap initially outlined by Satoshi Nakamoto , the anonymous party that first proposed the blockchain technology behind cryptocurrency.
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Furthermore, the process of introducing SegWit2x as the road forward was anything but transparent, and there were concerns that its introduction undermined the decentralization and democratization of the currency. In August , some miners and developers initiated what is known as a hard fork , effectively creating a new currency: BCH. BCH has its own blockchain and specifications, including one very important distinction from bitcoin. In , the maximum block size for BCH was increased 4x to 32MB, but actual block sizes on Bitcoin cash have remained only a small fraction of the 32MB limit.
Bitcoin Cash is thus able to process transactions more quickly than the Bitcoin network, meaning that wait times are shorter and transaction processing fees tend to be lower.
The Bitcoin Cash network can handle many more transactions per second than the Bitcoin network can. However, with the faster transaction verification time comes downsides as well.
First Things First
One potential issue with the larger block size associated with BCH is that security could be compromised relative to the Bitcoin network. Similarly, bitcoin remains the most popular cryptocurrency in the world as well as the largest by market cap, so users of BCH may find that liquidity and real-world usability is lower than for bitcoin. The debate about scalability, transaction processing, and blocks has continued beyond the fork which led to Bitcoin Cash. In November of , for example, the Bitcoin Cash network experienced its own hard fork, resulting in the creation of yet another derivation of bitcoin called Bitcoin SV.
Bitcoin SV was created in an effort to stay true to the original vision for bitcoin that Satoshi Nakamoto described in the bitcoin white paper while also making modifications to facilitate scalability and faster transaction speeds. The debate about the future of bitcoin appears to show no signs of being resolved. Visa, Inc. Everything is still very uncertain and subject to change: Be extremely careful! Anyone who held bitcoin at p. At the time of writing that article, much was still uncertain about how this event would play out.
Much is still uncertain, but to the extent that the situation can be understood at present, this article explains how you can claim — and potentially use — your BCH. The good news is that, if everything went according to plan, Bitcoin Cash enforces strong replay protection. You can just keep using bitcoin as you always have. You can keep using BTC as if nothing happened; just make sure to never lose your private keys.
Though in both these cases, it could come in handy to keep some records of the Bitcoin addresses that stored your bitcoins at time of the split. This is not strictly necessary, but your future self may thank you if you do it regardless. You should be able to find this information in your wallet of choice, though it differs a bit per wallet.
If you are not careful, you may accidentally expose your private keys while claiming your BCH. Needless to say, you want to avoid this! You almost certainly stand to lose much more from losing your BTC than you stand to gain from, say, selling your BCH fast. Therefore, you are going to want to take your time and make sure you understand what you are doing well enough to do it without exposing your private keys. And in part because the situation is still developing, even this article may contain accidental errors …. Here, you can find, per option, how to access your BCH. Our first recommendation was to use a full node wallet, like Bitcoin Core or Bitcoin Knots.
These wallets store your private keys in a dedicated folder on your computer. You can make a backup of this folder using the menu in your wallet, and select: "Backup wallet". However, to be on the safe side at this point in time, we are not fully comfortable recommending any Bitcoin Cash software. It is all very new, developed within a short timeframe, and the peer review done on all this software has probably not been as extensive as it usually is within the Bitcoin space.
It is therefore probably wise to not import your private keys in such software right away; instead, wait to see if there are any reports of problems.
Bitcoin Cash - Wikipedia
It is therefore not recommended to install a Bitcoin Cash full node wallet on the same computer. It is on this computer that you can import your wallet backup and have access to your BCH. If you are not exactly a beginner, there is one alternative option. Update, August Coinomi published a blog post explaining how to access your BCH using their wallet.