Bitcoin Cash

About

Bitcoin Cash (BCH) is a decentralized cryptocurrency created in 2017 through a hard fork of the Bitcoin blockchain. It was designed to address Bitcoin's scalability issues by increasing the block size, allowing for faster transaction times and lower fees. BCH is built on blockchain technology, enabling peer-to-peer transactions without intermediaries. It operates on a proof-of-work consensus mechanism, similar to Bitcoin, ensuring network security and decentralization. BCH's larger block size, currently up to 32MB, supports higher transaction throughput compared to Bitcoin. This makes it suitable for everyday transactions due to its fast confirmation times and low fees, typically under $0.01 per transaction. Despite its advantages, BCH has less mining power than Bitcoin, which can impact its security. BCH also supports token protocols like CashTokens, allowing for smart contracts and decentralized applications. Its total supply is capped at 21 million coins, similar to Bitcoin.