Bitcoin cash Casinos

bitcoin cash casinos

Bitcoin Cash: What you need to know

Bitcoin Cash (BCH) is a cryptocurrency derived from Bitcoin. In other words, it uses the codes of bitcoin, but brings its own improvement. Quite popular, Bitcoin Cash is nevertheless considered the little brother of bitcoin. It is still being compared to the precursor of cryptocurrencies and has had a rather tumultuous history. Still, it ranks high among a hundred thousand cryptos (13th at CoinMarketCap) and has acceptable trading volume. So, what is it really?

Where does bitcoin cash come from?

Bitcoin Cash launched in August 2017 after a fork with bitcoin. It should be noted that the system of managing cryptocurrencies is decentralized. There is no decision-maker to decide what updates to make, what features to add. All changes are voted on by network players such as developers and miners. Once adopted, these changes were accepted by consensus.

Otherwise, developers can choose to apply them to a new blockchain that they will call as they wish. This is how Bitcoin Cash (BCH), like many others, came into being. The change that did not reach consensus was the blockchain’s block size.

Like bitcoin, it aims to provide a secure, fast and low-cost peer-to-peer payment method.

What are the differences between Bitcoin and Bitcoin Cash?

The differences between Bitcoin and Bitcoin Cash are mostly technical. They concern the size of the blocks. A block on the bitcoin network is limited to 1MB to prevent it from being too large for modest users. A block can only handle about 1000 transactions. But as time goes on, bitcoin transactions become more and more numerous, so they take time and then cost more. Bitcoin Cash, on the other hand, increased the block size by 8MB and then 32MB. The network is then able to process 10 times more transactions.

For the average user, the difference is felt in the speed and cost of transactions. But the misunderstandings surrounding the two currencies do not end there.

Does owning bitcoins automatically get you Bitcoin Cash?

Not quite. Only some users were able to take advantage of it. Indeed, only those with Bitcoin (BTC) before the 2017 fork were paid the equivalent balance in Bitcoin Cash.

This is because Bitcoin’s blockchain program is searchable by everyone. To create a new cryptocurrency, you then simply take it back and add your enhancements. But for the whole thing to hold together, it has to be supported by a network of computers. So Bitcoin Cash decided to keep the transaction history and everyone with tokens on the original chain gets equivalent tokens. Since the fork occurred at block 478558, all previous transactions are maintained. Hence the balance in automatic BCH. The process also has the advantage that units can be put into circulation very quickly.

What is Bitcoin Cash worth?

Like all the crypto-currencies that followed after bitcoin, Bitcoin Cash is not as valuable as it was. Since the beginning of 2021, its value has been around 400 euros. The exact current prices can be found on reference sites such as CoinMarketCap. Generally speaking, Bitcoin Cash is considered to be quite stable. The highest value reached by Bitcoin Cash is about 4000 euros. The feat dates back to December 2017.

But away from stock market considerations, is bitcoin cash profitable? More or less, because it is moderately accepted in practical life. Performing well, but dominated by Bitcoin and Ether, it is somewhat less common in the currencies accepted by businesses. However, it is one of the virtual currencies recently adopted by Rakuten. Many online services already accept it: Blockchain Poker, Menufy or eGifter.

How do I get Bitcoin Cash?

Cryptocurrencies are all obtained in two different ways: buying and mining.

  • Buy Bitcoin Cash

Bitcoin Cash is purchased on exchange platforms. Fiduciary currencies (“fiat”) are exchanged for Bitcoin Cash. Depending on the platform, it is possible to exchange euros or dollars from a credit card or bank transfer.

Novices will prefer reference platforms like Coinbase, but other options exist: Kraken, eToro, Gemini or Uphold. Individuals also sell sales in BCH. To store the balance, a portfolio must be created. Fortunately, Bitcoin Cash is accepted by many of them: Keep Key, Trezor, or Coinbase Wallet. A more complete list is available on his website.

Which Bitcoin Cash Casino to choose?

There are online casinos that accept cryptocurrencies, but do not accept withdrawal. Here we highlight the“Pure Crypto Casino” which accepts payment and withdrawal anonymously. In addition, the security of the crypto currency gives the casino the possibility to pay the player in a few minutes, a record time, hence the interest of Dogecoin Casinos!

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  • Mining bitcoin cash

To mine is to participate in the creation of money, by creating and consolidating new blocks. The task is rewarded in Bitcoin Cash. It requires a lot of computing power and therefore an ultra-powerful computer that far exceeds conventional desktop computers. Adding up the cost of materials and electricity, mining is a difficult undertaking, especially without much technical knowledge. Competition also makes mining less profitable.

Things to remember about Bitcoin Cash

With its tumultuous beginnings and lackluster reception from cryptocurrency actants, bitcoin’s “little brother” nonetheless has strengths, as well as weaknesses:

  • Faster and cheaper transactions: Bitcoin Cash processes ten times more transactions than bitcoin. It also results in lower transaction costs.
  • Lower value: worth ten times less than bitcoin, Bitcoin Cash is more accessible.
  • More speculative than practical : Bitcoin Cash is increasingly becoming an object of speculation rather than a currency of exchange.

🙋 Frequently Asked Questions “Bitcoin Cash Casinos”

❤️ Which online casino uses Bitcoin Cash?

Bitstarz has been using Bitcoin Cash since its inception, see also Betcoin, Betflip, Bitcasino, Betplay,

💯What are the crypto currencies for online casinos?

✔️Why bet on a crypto casino with Bitcoin Cash?

Transactions are instant and secure, fees are low, you are anonymous!

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