Bitcoin Cash (BCH) is a cryptocurrency created in August 2017 as a result of a hard fork from the Bitcoin blockchain. The Bitcoin Cash blockchain is similar to the Bitcoin blockchain but has some differences, most notably an increased block size limit of 8 MB. This allows for more transactions to be processed at once, which can lead to faster transaction times and lower fees.
Another difference between Bitcoin and Bitcoin Cash is that BCH is intended to be used as "peer-to-peer electronic cash". This means that BCH can be used for everyday transactions, such as buying goods or services, rather than just being held as an investment.
The benefits of using Bitcoin Cash include faster transaction times and lower fees, as well as the ability to use it for everyday transactions.
Cryptocurrency taxes can be confusing, especially when you thought you were just buying your favorite meme cryptocurrency and now the taxman has come knocking at your door. With the IRS stepping up its enforcement of crypto tax evaders, you don't have to let crypto taxes ruin your day. With Ledgible's integrated current year planning features and tax loss harvesting capability, you can minimize your tax burden as significantly as possible and make sure you pay uncle sam as little as possible on your crypto earnings.
Ledgible is also completely free to get started, meaning you can integrate all of your accounts and determine your expected tax burden before you pay a dime. If you're looking for one of the most affordable and powerful crypto tax solutions designed for professionals, consumers, and enterprises, the Ledgible Platform is the way to go.