Today we’re excited to announce the addition of Bitcoin Cash token support and Bitcoin Cash wallet integration to our API.

Bitcoin Cash is the most successful hard fork from Bitcoin. It maintains a solid user base, although much smaller than the original cryptocurrency. It’s accepted by more than 4300 retailers worldwide and is one of the top 30 cryptocurrencies by market capitalization.  

Now, Blockmate clients can instantly:

• Connect over 22 million unique addresses on the Bitcoin Cash network to your application through a single API.
• Gather and categorize information, including balances, transaction histories, and fiat values.
• Gain access to 24 months of historical data with over 20,000 daily transactions on the network.
• Remain AML/CFT compliant while operating safely and risk-free.
• Carry out secure and effective risk assessment of crypto transactions.

About Bitcoin Cash

In 2017, a hard split from the Bitcoin blockchain resulted in the creation of Bitcoin Cash. A hard fork occurs when a blockchain divides, and the two branches are incompatible. The fork resulted from discussions over scalability (the ability to handle an increasing number of transactions). Bitcoin fees were increasing hugely, so a section of the Bitcoin community suggested allowing more transactions per “block.” However, this change was not accepted by the broader community, so this section split off, forming Bitcoin Cash.

Bitcoin Cash is intended to be used as a low-cost payment mechanism. Transaction costs are often less than $.01, and transaction confirmation times are much less than Bitcoin’s, typically occurring within seconds.

The Bitcoin Cash community is still very active and includes the developers who forked the chain. These developers see Bitcoin Cash as an essential alternative to Bitcoin, arguing that Bitcoin has evolved into more of an investment vehicle than a payment system. Bitcoin Cash was created as a peer-to-peer payment system that eliminates the need for third parties in financial transactions. It’s one of the top 30 cryptocurrencies by market capitalization.  

How to connect

With Blockmate, you don’t need to set up or connect to every cryptocurrency or protocol one by one. Everything you need is already here and part of our API, allowing you to jump right in!

⚡️ Happy Zapping!

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