Bitcoin Cash BCH to Uquid Coin UQC Exchange

Crypto Pair Details: BCH to UQC

Bitcoin Cash BCH

Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity. Bitcoin Cash intends to be a Bitcoin without Segregated Witness (SegWit) as soft fork, where upgrades of the protocol are done mainly through hard forks and without changing the original economic rules of the Bitcoin. Bitcoin Cash (BCH) is released on 1st August 2017 as an upgraded version of the original Bitcoin Core software. The main upgrade is the increase in the block size limit from 1MB to 8MB. This effectively allows miners on the BCH chain to process up to 8 times more payments per second in comparison to Bitcoin. This makes for faster, cheaper transactions and a much smoother user experience. Why was Bitcoin Cash Created? The main objective of Bitcoin Cash is to 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 complete. This is all because of the 1MB limitation of Bitcoin Core’s block size, causing it unable to accommodate to large number of transactions. Essentially Bitcoin Cash is a community-activated upgrade (otherwise known as a hard fork) of Bitcoin that increased the block size to 8MB, solving the scaling issues that plague Bitcoin Core today. Nov 16th 2018: A hashwar resulted in a split between Bitcoin SV and Bitcoin ABC

Uquid Coin UQC

UQC is a decentralised virtual currency based on the ERC20 - token, one of Ethereum Technological trends. The goal of this blockchain asset is to supplement the development of UQUID Ecosystem. In this virtual revolution, coin holders will have the benefit of instantly and effortlessly cash out their coins. The uquid card project started from 2016 was became the first project to issue prepaid payment cards for bitcoin and altcoins. Uquid cards now support over 100 types of altcoins. The uquid coin was born with the goal of supporting the uquid ecosystem in helping altcoins users to shop online (ebay, amazon) directly through the uquid ecosystem and build up an card-less system by 2020.

SOURCE: COINGECKO

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