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Bitcoin Cash began in August of 2017 when the first hard fork of Bitcoin occurred. In layman terms, the hard fork of Bitcoin was essentially a software update of Bitcoin.
The purpose of the software update was to increase the block size and transactions per second to ultimately be the default currency for small, everyday transactions.
Despite originating from Bitcoin (BTC), Bitcoin Cash (BCH) has key differences that potentially make it a better cryptocurrency. They include cheaper transfer fees and a higher number of transactions per second.
Bitcoin Cash Debate
The debate around Bitcoin is that the digital currency wouldn’t be able to compete with the number of transactions processed by credit card companies, such as Visa and Mastercard. They are able to process around 1,700 transactions per second (TPS), while Bitcoin only processes about 7 TPS.
Bitcoin Cash was created to overcome these transaction limits. BCH now averages 244 transactions per second, a number considerably larger than 7. However, one potential issue with the bigger and faster block size is to guarantee that transactions are as secure as the ones processed by the Bitcoin network.
Here at Baxia Markets, you can trade Bitcoin Cash as a CFD, which allows you to speculate on whether the Bitcoin Cash price will fall or rise. Ultimately, this means that you can place buy or sell orders depending on your prediction and without a trade commission- there are no costs handed down to you.
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Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Baxia Limited, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Baxia Global Limited is a company registered in Seychelles with registration number: 8426970-1, and is regulated by the Financial Services Authority of Seychelles with License number: SD104.
Baxia Limited is a company registered in The Bahamas with registration number: 177330 B, and is licensed and regulated by The Securities Commission of The Bahamas (SCB), (SIA-F234).
The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements. Baxia Limited makes reasonable efforts to provide accurate translations of the website in other languages for your convenience. Where content is missing, inaccurate or incomplete, the English version prevails.