Bitcoin Cash

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Bitcoin is the first implementation of a concept called “cryptocurrency”, which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.

Coinbase customers have automatically been credited with the appropriate amount of Bitcoin Cash for their accounts. These funds appear within a separate Bitcoin Cash wallet on your Accounts page or in the Coinbase mobile apps. You can also obtain additional Bitcoin Cash by purchasing it on Coinbase, or trading on Coinbase Pro.

Bitcoin allows its users to be in full control of their money. Choose your own fees – There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Higher fees can encourage faster confirmation of your transactions.

In fact, many think that Bitcoin was developed by a group of cryptography and computer science experts who were living in the United States and Europe at the time. Nakamoto’s work first surfaced around October of 2008 and was titled “Bitcoin: A Peer-to-Peer Electronic Cash System.”

This is commonly referred to as a chargeback. How difficult is it to make a Bitcoin payment? Bitcoin payments are easier to make than debit or credit card purchases, and can be received without a merchant account.

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