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Bitcoin Cash (BCH) is one of the top cryptocurrencies nowadays. Plenty of companies accept it as a payment. Bitcoin Cash represent digital money you can spend for purchasing goods and pay services.
Bitcoin Cash is a fork of Bitcoin. In other words, it is a new cryptocurrency born from the original Bitcoin blockchain. Unlike Bitcoin, Bitcoin Cash has a significant difference called "block size". In the Bitcoin Cash blockchain, the block size is 32MB against only 1MB Bitcoin core block size. Not only allows this to process way more transactions daily, but also provide lower transaction fees.
By itself, the term “hard fork” implies a blockchain protocol and fork. The blockchain protocol is a set of network rules determining the way the connection, transaction and mining are performed. Everything in that network must comply with the rules. The fork is another version of protocol with different rules deriving from the original one. The fork can be soft. It means that it has a backward compatibility. If there is no backward compatibility, then it’s a hard fork. The hard fork protocol underly the crypto that obeys the new protocol rules.
It means the whole new set of network rules incompatible with previous ones. Bitcoin and Bitcoin Cash represent different networks and are incompatible with each other.
Bitcoin Cash’s fork is Bitcoin SV(Satoshi Vision) that came out after so-called Hash Wars between Roger Ver and Craig Wright. has some improvements which make the coin a serious rival to BCH. It aims to:
As of now, however, BSV doesn’t have a replay protection. If you have BCH in a custodial wallet or on the exchange, where private keys are not under your control – the best way is to move your BCH to a wallet or exchange that supports the fork. If you have Bitcoin Cash (BCH) in a non-custodial wallet where you can manage your private keys – your funds are safe and you'll get an equivalent amount of the new coin after the fork.
Both BCH and BSV are supported on Atomic Wallet, but since there is no replay protection, the transaction will show up in both blockchains. In order to prevent that issue, you will need to split BCH from BSV.
Try out our universal non-custodial solution. With Atomic Wallet, you can easily manage Bitcoin Cash and over 300 top cryptocurrency assets. Only you have control over your funds. Private keys never leave your device.