Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a cryptocurrency that was created in August 2017 as a hard fork of the original Bitcoin. It is a decentralized digital currency that enables peer-to-peer transactions without the need for a third-party intermediary. Bitcoin Cash has a larger block size limit and had an increased transaction speed compared to Bitcoin. It also has a different transaction fee structure than Bitcoin.
History of Bitcoin Cash
Bitcoin Cash was created as a result of a hard fork of the original Bitcoin blockchain. The hard fork was initiated by a group of developers and miners who wanted to increase the block size limit of Bitcoin from 1MB to 8MB. This was done in order to increase the transaction speed and reduce the transaction fees associated with Bitcoin. The hard fork was implemented on August 1, 2017, and the new blockchain was named Bitcoin Cash.
Comparison Table
| Bitcoin | Bitcoin Cash | |
|---|---|---|
| Block Size Limit | 1MB | 8MB |
| Transaction Speed | Slow | Fast |
| Transaction Fees | High | Low |
Summary
Bitcoin Cash is a cryptocurrency that was created in August 2017 as a hard fork of the original Bitcoin. It has a larger block size limit and had an increased transaction speed compared to Bitcoin. It also has a different transaction fee structure than Bitcoin. For more information about Bitcoin Cash, you can visit websites such as Bitcoin Cash, CoinDesk, and Investopedia.
See Also
- Cryptocurrency
- Blockchain
- Bitcoin
- Mining
- Ethereum
- Litecoin
- Ripple
- Altcoin
- Satoshi Nakamoto
- Digital Currency
