Phronesis
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To use Bitcoin Cash, as with any other cryptocurrency, you need to get hold of a wallet. According to its official page, up to 26 wallets can store Bitcoin Cash. Cold wallets include Ledger, Trezor, and KeepKey. Among the mobiles are Coinomi and BitPay; for desktop include Exodus, Copay and Jaxx; and those found only online include Coinbase and WebMoney.
Exchange houses In these portals the cryptocurrency can be acquired, sold or traded with it, according to the options and prices they offer. On the official Bitcoin Cash page, 40 exchange houses from various parts of the world are numbered, which operate with different currencies, options and service commissions. The most widely accepted fiat currencies in trading are the euro and the dollar, although the Japanese yen, the Chinese yuan and certain Latin American currencies are also among the options. Besides, beyond the pure exchange, some of these portals, such as Poloniex and Kraken, offer tools for trading. Among the most recognized exchanges where you can trade with BCH we can mention Bittrex, ShapeShift, Bithumb, Changelly, bitFlyer, Bitstamp, Coinbase and Buda.com (formerly SurBTC).
Likewise, the P2P platform LocalBitcoinCash is available, quite similar to LocalBitcoins, where users trade directly with each other but with an extra layer of security. Not all cryptocurrencies are decentralized and, although it is an ideal feature, it is not mandatory either: each user can decide what he or she likes best. However, the great ideal of Bitcoin is to eliminate all intermediaries and allow person-to-person transactions in a secure way, without anyone being able to fully control the network, and, therefore, modify it or establish rules to the detriment of users. Bitcoin Cash, being considered by some as the "true" continuation of that ideal, must certainly be decentralized.
In fact, as read on its official website, its development is decentralized: With multiple independent teams of developers providing software implementations, the future is certain. Bitcoin Cash is resistant to political and social attacks in protocol development. No single group or project can control it. Bitcoin cash Despite all this, Bitcoin Cash, along with its supporters and developers, have been repeatedly accused of centralization in the network, which implies that, contrary to what is established on its page, a few groups and projects may be controlling it. Such was the main reason for the Bitcoin Core developers to refuse to increase the size of the blocks: needing more advanced equipment to mine, this task would fall only to the miners with more resources.
Among the most serious accusations we can recall that of the Bitpico group of developers, who have dedicated themselves to stress testing both Bitcoin and Bitcoin Cash. According to its discoveries in July 2018, up to 98% of the nodes associated with this network were physically very close to each other, and 49% of them were operating within the facilities of the Chinese conglomerate Alibaba. This could allow the entity that owns those nodes to attack the network. Although these results were controversial, it has also been theorized that Alibaba maintains a certain partnership with Bitmain, a company strongly related to Bitcoin Cash. Other accusations include that of cryptographer Nick Szabo, who has been suspected of being the creator of Bitcoin, and who even called the Bitcoin Cash network "a centralized puppet." The demand What is perhaps the most serious allegation came this year in the form of a lawsuit by the Florida-based company United Investment Corp, specifically against Roger Ver, as CEO of Bitcoin.com; Jihan Wu, as CEO of Bitmain, Jesse Powell, as CEO of Kraken and Amaury Sechet, Shammah Chancellor and Jason Cox as developers of the Bitcoin ABC group, in charge of the latest hardfork. According to the document: This action involves a close-knit network of individuals and organizations scheme to manipulate the Bitcoin Cash cryptocurrency market, effectively hijacking the Bitcoin Cash network, centralizing the market, and violating all accepted standards, protocols, and associated course of conduct. with Bitcoin since its inception. Bitcoin cash According to the same text, this company, rather unknown, would have invested millions of dollars in infrastructure to mine Bitcoin Cash and would have suffered significant losses due to said manipulation of the network during the last hardfork.
Due to this, among its demands to repair this damage is to return the Bitcoin Cash code to its previous state. Interestingly, both Craig Wright and Calvin Ayre had previously mentioned upcoming demands for the ABC team. At the time of writing, there is still no outcome on this conflict. Perspectives The vision for the future of Bitcoin Cash as a cryptocurrency, according to the group of developers Bitcoin ABC, is to become widespread throughout the globe, with almost immediate and free transactions, and, additionally, to have its own economy of tokens created within the same blockchain; something very similar to what is offered by Ethereum. To achieve this, they have planned a series of updates that would be given every 6 months, each of which would include new features such as adjustable blocks of up to 1 TB, fractioned satoshis, improvements in commissions, a pre-consensus function , the activation of operation codes (opcodes) to allow more advanced features and a new transaction format.
Exchange houses In these portals the cryptocurrency can be acquired, sold or traded with it, according to the options and prices they offer. On the official Bitcoin Cash page, 40 exchange houses from various parts of the world are numbered, which operate with different currencies, options and service commissions. The most widely accepted fiat currencies in trading are the euro and the dollar, although the Japanese yen, the Chinese yuan and certain Latin American currencies are also among the options. Besides, beyond the pure exchange, some of these portals, such as Poloniex and Kraken, offer tools for trading. Among the most recognized exchanges where you can trade with BCH we can mention Bittrex, ShapeShift, Bithumb, Changelly, bitFlyer, Bitstamp, Coinbase and Buda.com (formerly SurBTC).
Likewise, the P2P platform LocalBitcoinCash is available, quite similar to LocalBitcoins, where users trade directly with each other but with an extra layer of security. Not all cryptocurrencies are decentralized and, although it is an ideal feature, it is not mandatory either: each user can decide what he or she likes best. However, the great ideal of Bitcoin is to eliminate all intermediaries and allow person-to-person transactions in a secure way, without anyone being able to fully control the network, and, therefore, modify it or establish rules to the detriment of users. Bitcoin Cash, being considered by some as the "true" continuation of that ideal, must certainly be decentralized.
In fact, as read on its official website, its development is decentralized: With multiple independent teams of developers providing software implementations, the future is certain. Bitcoin Cash is resistant to political and social attacks in protocol development. No single group or project can control it. Bitcoin cash Despite all this, Bitcoin Cash, along with its supporters and developers, have been repeatedly accused of centralization in the network, which implies that, contrary to what is established on its page, a few groups and projects may be controlling it. Such was the main reason for the Bitcoin Core developers to refuse to increase the size of the blocks: needing more advanced equipment to mine, this task would fall only to the miners with more resources.
Among the most serious accusations we can recall that of the Bitpico group of developers, who have dedicated themselves to stress testing both Bitcoin and Bitcoin Cash. According to its discoveries in July 2018, up to 98% of the nodes associated with this network were physically very close to each other, and 49% of them were operating within the facilities of the Chinese conglomerate Alibaba. This could allow the entity that owns those nodes to attack the network. Although these results were controversial, it has also been theorized that Alibaba maintains a certain partnership with Bitmain, a company strongly related to Bitcoin Cash. Other accusations include that of cryptographer Nick Szabo, who has been suspected of being the creator of Bitcoin, and who even called the Bitcoin Cash network "a centralized puppet." The demand What is perhaps the most serious allegation came this year in the form of a lawsuit by the Florida-based company United Investment Corp, specifically against Roger Ver, as CEO of Bitcoin.com; Jihan Wu, as CEO of Bitmain, Jesse Powell, as CEO of Kraken and Amaury Sechet, Shammah Chancellor and Jason Cox as developers of the Bitcoin ABC group, in charge of the latest hardfork. According to the document: This action involves a close-knit network of individuals and organizations scheme to manipulate the Bitcoin Cash cryptocurrency market, effectively hijacking the Bitcoin Cash network, centralizing the market, and violating all accepted standards, protocols, and associated course of conduct. with Bitcoin since its inception. Bitcoin cash According to the same text, this company, rather unknown, would have invested millions of dollars in infrastructure to mine Bitcoin Cash and would have suffered significant losses due to said manipulation of the network during the last hardfork.
Due to this, among its demands to repair this damage is to return the Bitcoin Cash code to its previous state. Interestingly, both Craig Wright and Calvin Ayre had previously mentioned upcoming demands for the ABC team. At the time of writing, there is still no outcome on this conflict. Perspectives The vision for the future of Bitcoin Cash as a cryptocurrency, according to the group of developers Bitcoin ABC, is to become widespread throughout the globe, with almost immediate and free transactions, and, additionally, to have its own economy of tokens created within the same blockchain; something very similar to what is offered by Ethereum. To achieve this, they have planned a series of updates that would be given every 6 months, each of which would include new features such as adjustable blocks of up to 1 TB, fractioned satoshis, improvements in commissions, a pre-consensus function , the activation of operation codes (opcodes) to allow more advanced features and a new transaction format.
