Bitcoin Cash BCH
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Where to buy →Our take on Bitcoin Cash
Bitcoin Cash (BCH) is a cryptocurrency that emerged in 2017 from a hard fork of the original Bitcoin blockchain. A hard fork is a permanent split in which a group of participants adopt different rules, creating a separate network and asset. The disagreement that led to Bitcoin Cash centered on how to handle growth: its supporters wanted larger blocks so that more transactions could be processed directly on-chain, with the goal of keeping fees low and confirmations quick for everyday payments. Bitcoin Cash is used much like Bitcoin, as a peer-to-peer digital cash system for sending and receiving value without a central intermediary. Its larger block size is the main technical feature distinguishing it, reflecting a design philosophy that prioritizes on-chain capacity for spending over other scaling approaches. A few considerations are worth noting. Bitcoin Cash is a distinct project from Bitcoin and should not be confused with it, despite the shared name and history. Larger blocks involve trade-offs that are debated within the broader community, including effects on how easily ordinary users can run full nodes. Its adoption, security, and value depend on ongoing community and developer support. This is informational only and not investment advice.
About Bitcoin Cash
Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity. Bitcoin Cash intends to be a Bitcoin without Segregated Witness (SegWit) as soft fork, where upgrades of the protocol are done mainly through hard forks and without changing the original economic rules of the Bitcoin. Bitcoin Cash (BCH) is released on 1st August 2017 as an upgraded version of the original Bitcoin Core software. The main upgrade is the increase in the block size limit from 1MB to 8MB. This effectively allows miners on the BCH chain to process up to 8 times more payments per second in comparison to Bitcoin. This makes for faster, cheaper transactions and a much smoother user experience. Why was Bitcoin Cash Created? The main objective of Bitcoin Cash is to to bring back the essential qualities of money inherent in the original Bitcoin software. Over the years, these qualities were filtered out of Bitcoin Core and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development. The result is that Bitcoin Core is currently unusable as money due to increasingly high fees per transactions and transfer times taking hours to complete. This
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