What is Bitcoin Cash (BCH)?
Bitcoin Cash is a peer-to-peer electronic cash system that emerged as a result of a hard fork from the original Bitcoin network in August 2017
The primary motivation behind Bitcoin Cash was to address Bitcoin's scalability issues
By increasing the block size limit to 8MB (and later 32MB), BCH aimed to accommodate more transactions per block, ensuring faster and cheaper transactions
Just like Bitcoin, Bitcoin Cash operates in a decentralized manner, allowing users to transact directly with each other without intermediaries
Bitcoin Cash has gained substantial acceptance in various industries, including e-commerce, gaming, and online services
Its wider adoption is facilitated by its low transaction fees and quick confirmation times.
Beyond being a digital currency, Bitcoin Cash has been harnessed for various real-world applications like token creation, smart contracts, and more
The security of Bitcoin Cash relies on its decentralized network of miners