DutchyCorp Great auto faucet different types1-10 Minute yes no
Autofaucet#1 different types1 Minute yesno
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OleFaucet BCH2001 Minute yes no
Claimro Bch555 minutenoYEs
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MsBits BCH80-855 minutenoYeS
Diamond BCH725 Minutenono
Moz BCH825 Minutenono
Instant BCH905 Minutenono
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ClainUSDT BCHup to 20010 minuteoptionalyYeS

In May 2017, the price of bitcoin crossed the $2000 mark for the first time, and the daily trading volume of the BTC reached $ 1 billion. But as the crypto market quickly gained momentum, the load on the Bitcoin network grew, and with it delays and transaction fees. The problem of scaling the network was becoming more acute — but there was no ready-made solution for it.

We will not go into technical details — suffice it to say that in 2010, the mysterious creator of Bitcoin Satoshi Nakamoto limited the block size in the blockchain to 1 megabyte. This was done in order to prevent spam, that is, so that malicious agents could not “flood” the network with a large number of microtransactions. However, the block size limit also meant that no more than 3 transactions could pass through the network per second.

The most obvious solution was to increase the maximum block size. Those who spoke in favor of such a decision (let’s call them “reformers”) pointed out that with the increase in the price of military-technical equipment, the limit of 1 MB lost its meaning: the cost of a DDoS attack increased from a couple of dollars in 2010 to $10,000 in 2017. It is unlikely that anyone would spend such an amount to “overturn” the network just for fun.

However, the other participants — let’s call them “conservatives” – did not want to change anything in the rules established by Nakamoto. The differences between the two factions led to a split: in August 2017, the reformers conducted a hard fork (a radical change in the code), and the Bitcoin blockchain was divided into two. In one network, the maximum block size remained the same (1 MB), and in the other it increased to 8 MB (and later to 32 MB). The new blockchain could process not three, but 71 transactions per second.

When Satoshi Nakamoto launched Bitcoin in 2009, he called his brainchild the “electronic cash system”, suggesting that the cryptocurrency could partially replace conventional fiat money under the control of governments. However, due to the low speed and constantly growing commissions, there was little chance that the population would massively switch to payment in the military-technical complex.

The creators of BCH believed that their reform would just return bitcoin to its original function as a means of payment, making transactions faster and cheaper. The ” old ” Bitcoin has turned into an investment asset like gold, but the new one — Bitcoin Cash — will be able to serve as real “electronic cash”.

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