Bitcoin mining chat room

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Powered by Slider Revolution 5. What is a Bitcoin Mining Pool? How is the Bitcoin Blockchain Different from Banking Ledgers? Bitcoin Cloud Mining, Is It Worth It and Is It Safe? Can I Shop, Travel, or Gamble with Bitcoin? What is Bitcoin Double Spending?

Due to the recent scaling failure of the Bitcoin Core network, the BTC coin is no longer a useful form of money as fees continue to climb and transaction times slow to a crawl. In accordance with our original mission, Bitcoin. Bitcoin Cash education and promotion. This is because Bitcoin Cash is the version of Bitcoin in which the original properties of digital money still exist. It was released on August 1st, 2017. The main upgrade offered by Bitcoin Cash is an increase of the blocksize limit to 8mb. This makes for faster, cheaper transactions and a much smoother user experience.

Why was Bitcoin Cash Created? Bitcoin Cash was created to bring back the essential qualities of money inherent in the original Bitcoin software. Over the years, these qualities were filtered out of Bitcoin Core and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development. The result is that Bitcoin Core is currently unusable as money due to increasingly high fees per transactions and transfer times taking hours to days.

This is all because of the problems created by Bitcoin Core’s blocks being full. In Bitcoin, transactions are processed block by block. Bitcoin was designed to target 6 blocks per hour, or one every ten minutes. Years ago, an artificial limit to the size of blocks was added to the Bitcoin Core code to prevent a possible attack vector where a mass number of transactions could weaken the network.

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