What is bitcoin cash?
Bitcoin cash is peer to peer electronic cash for the internet. It is fully decentralize, with no central bank and requires no trusted third parties to operate.
Bitcoin Cash different from "bitcoin"?
Yes. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin Blockchain ledger, with upgraded consensus rules allow it to grow and scale.
If i own Bitcoin, do i automatically own Bitcoin Cash too?
Yes. Because Bitcoin Cash is a fork of the ledger, that means you own the same amount of bitcoin cash as you did Bitcoin at the time of the forking block. However, if your Bitcoins are stored by a third party such as an exchange, then you must inquire with them about your cash.
Does Bitcoin Cash fix these problem?
Yes. Bitcoin Cash immediately raises the blocksize limit to 8MB as part of massive on-chain scaling approach. There will be ample capacity for everyone's transactions.
Low fees and fast confirmation will resume with bitcoin cash. The network will be allowed to grow again. Users, merchants, businesses, and investors will return.
Bitcoin Cash Free Money?
Ever since the bitcoin cash hard fork was announced, many people have viewed it's token as "free money".
While it is true these new tokens will be issued to user at no additional cost, they are most certainly not free money. In fact, many people feel Bitcoin Cash will take away some of Bitcoin's value, just as etherum classic did to Ethereum.
BCH token will be issued at a 1:1 rate to bitcoin. if you won 100 bitcoin, you will receive 100Bitcoin Cash. Those new tokens can then be sold on supporting exchanges, either against Bitcoin or flat currencies. however, The value of these tokens may be effectively subtracted from the bitcoin price at that time.
Conclusion
The market cap, in this case-will be distributed over the tow blockchains. The actual values of both currencies will fluctuate heavily over the firs few days following Today.
Speculating the market represents high risk and it should be done with money you afford to lose.
