Bitcoin Cash (BCH)

About

Bitcoin Cash (BCH) is a decentralized cryptocurrency that emerged from a hard fork of Bitcoin in August 2017. It was created to address Bitcoin's scalability issues by increasing the block size from 1MB to 32MB, allowing for faster transaction processing and lower fees. This design makes BCH suitable for everyday transactions, positioning it as "digital cash" rather than a store of value like Bitcoin. BCH operates on a blockchain, enabling peer-to-peer transactions without intermediaries, using a proof-of-work consensus mechanism similar to Bitcoin. BCH supports high transaction throughput, processing up to 100 transactions per second, compared to Bitcoin's seven. Its low transaction fees, often less than $0.01, make it appealing for microtransactions and international payments. Despite its advantages, BCH has less mining power than Bitcoin, potentially affecting its security. BCH has evolved with recent updates like CashTokens, which enable smart contracts and decentralized applications. Overall, BCH offers a fast, cost-effective alternative for transactions, but its adoption remains limited compared to Bitcoin.