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Buy Polkadots with credit card online The Origins of Bitcoin Cash. Block size formed the crux of a long-running and increasingly acrimonious issue in the Bitcoin community, which eventually led to BCH forking off as a separate project. When Bitcoin was first released, it had no block size limit. A 1 megabyte limit was imposed in late 2010 to prevent people from spamming the blockchain by using it for free data storage. A limit on the number of transactions that could fit into each block introduced fee-based competition for inclusion in a block, making spam prohibitively expensive. As Bitcoin scaled through the years, and more and more users were looking to buy BTC, that meant ever fiercer competition for block space, and fees rose accordingly. 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Bitcoin Cash (BCH) Bitcoin Cash (BCH) holds an important place in the history of altcoins because it is one of the earliest and most successful hard forks of the original bitcoin. In the cryptocurrency world, a fork takes place as the result of debates and arguments between developers and miners. Due to the decentralized nature of digital currencies, wholesale changes to the code underlying the token or coin at hand must be made due to general consensus; the mechanism for this process varies according to the particular cryptocurrency. When different factions can’t come to an agreement, sometimes the digital currency is split, with the original remaining true to its original code and the other copy beginning life as a new version of the prior coin, complete with changes to its code. BCH began its life in August of 2017 as a result of one of these splits. 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