What is Freecash (FCH)?

Freecash (FCH) is an improvement on Satoshi's Bitcoin framework. It summarizes 11 years of development experience and lessons of Bitcoin, and upgrades the underlying framework for the existing problems of BTC and BCH. It can be regarded as Bitcoin 2.0. It started operation at 00:00 on January 1, 2020.

The position of free cash is: a freely evolved decentralized electronic cash system. This positioning inherits the goals of Satoshi Nakamoto's "Bitcoin: A Peer-to-Peer Electronic Cash System."

Due to the refusal of block expansion, BTC changed the economic model of Bitcoin, causing the main chain's payment function to be almost lost. It turned to digital gold, where value storage is the main function, and formed community consensus.

BCH has inherited the direction of Bitcoin's peer-to-peer electronic cash, but in the development faced the problems of decentralized communities that are difficult to effectively manage and the cost of evolution is high, and due to the large scale, some improvements and experiments are difficult to advance.

FCH mainly inherits the code of BCH, its development direction, and the concept of openness and tolerance. It has deployed and implemented improvements that are difficult to achieve on BCH. These improvements made on FCH, no matter the success or failure, will provide a reference for BCH. Therefore, there is a harmonious symbiotic relationship between FCH and BCH.

The technology of FCH comes from BTC and BCH, but the blockchain starts from block 0. The data volume is smaller, the price is lower, and the operation risk is lower. It can allow beginners to experience Bitcoin before 2017 and truly understand what is going on. Centralized cryptocurrency.

Refer to Freecash.org , BBS.cash and Freecash.info for details .

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Policy

Crypto Exchange FTX to Sell Trust Assets: Debtors Making a Desperate Cash Grab!

The debtors have suggested forming a pricing committee that includes representation from all stakeholders in addition...

Blockchain

The digital currency exchange has been caught in the throat by the legal currency.

Under the premise of a constant total circulation, money acts as a catalyst for rapidly transforming production mater...

Blockchain

After the delisting of FTX, Binance entered the options market, why did it choose the "American option" that is different?

Binance has been very eye-catching recently, withdrawing its own FTX tokens and preparing to launch new businesses su...

Blockchain

Bitcoin options, the next battlefield of the exchange?

Since 2009, Bitcoin has been born for more than a decade. Bitcoin has gone through decades of financial development i...

Web3

Uniswap, the most successful American Internet Fintech company benefitting from the Web3 dividend.

Ultimately, it is the users who end up paying for faith. However, there is also this saying the most imaginative asse...

News

Investment tips for the next bull market: In-depth analysis of the development status and trends of 15 cryptocurrency tracks

Following the regular industry cycle pattern, the bear market has passed halfway. The Ethereum upgrade has brought ab...