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

Blockchain

Behind 106 market cases, we discovered the impact of the BTC spot market structure on price discovery

(Onion Note: "Price Discovery refers to the process by which buyers and sellers reach a transaction price for th...

Blockchain

The money was not earned, and the head was almost bald: interview with the boss of the startup exchange

Currently, one of the most profitable industries in the cryptocurrency sector is the exchange. According to The Block...

News

SBF in the eyes of Western mainstream media Watch the BBC documentary 'The Fall of the Crypto King' in 5 minutes.

FTX, a former giant in the cryptocurrency world, collided with an iceberg in November last year. This impact triggere...

Blockchain

Bella Fang: The exchange is at the top of the food chain. How can small and medium-sized projects seize this channel?

On the afternoon of the 9th, at the 2nd Global Blockchain Summit·Wuzhen site hosted by Babbitt, Bella Fang, foun...

Blockchain

The kimchi premium breaks $1,000! South Korea’s "disfigured alcohol addiction" has another episode?

The quiet year's kimchi premium once again swayed, and it was a bit like the scene before the bull market in 201...

Blockchain

The exchange is robbing the tokens, all of which are behind the interests.

Since 2019, with the launch of the first issue of the currency-raising (IEO), the “project-side tokens have be...