The concept of Bitcoin was originally proposed by Satoshi Nakamoto on November 1, 2008, and was officially born on January 3, 2009. The open source software designed and released according to the ideas of Satoshi Nakamoto and the P2P network built on it. Bitcoin is a virtual encrypted digital currency in the form of P2P. Peer-to-peer transmission means a decentralized payment system.
Bitcoin (BTC) is currently the most sought-after digital currency in the world. On August 1, 2017, a divergence occurred. In a “hard fork” event, a new currency called Bitcoin Cash (BCH) was born. New digital currency.
Due to the version switch, the Bitcoin blockchain was forked into two separate blockchains. Everyone who owned Bitcoin prior to the fork was entitled to the same amount of “Bitcoin Cash” tokens, similar to dividend payouts in stocks.
Bitcoin Cash (BCH) is a new version of Bitcoin with different configurations launched by a small group of Bitcoin developers, and it is a new type of blockchain asset. On August 1, 2017, Bitcoin Cash mining began, and every Bitcoin investor’s account will have an equal amount of Bitcoin Cash (BCH) as the number of Bitcoins.