Bitcoin cash 8mb

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In Augustsome miners by transaction processing time, an times and improve usability, BCH increase the block size amid another derivation of Bitcoin called.

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Bitcoin Cash Explained In Under 60 Seconds
Some key features of Bitcoin Cash include: 1. Increased block size limit: Bitcoin Cash has an 8MB block size limit, compared to Bitcoin's 1MB limit. This. Within a short time, BitClub Network found an 8MB block that cleared 37, transactions. A few hours later, an unknown miner found a 4MB block. Bitcoin limits blocks to 1 megabyte (MB), which allows only about seven transactions per second. Bitcoin Cash expanded the block size to 8 MB.

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Bitcoin Cash was created to allow more transactions in a single block, theoretically decreasing fees and transaction times. The value of Bitcoin Cash, like other cryptocurrencies, is determined by market demand, adoption, and overall market conditions. Decentralized governance: Bitcoin Cash has a decentralized governance model, with decisions regarding the protocol's development and future direction being made through community consensus. Investopedia requires writers to use primary sources to support their work.