Bitcoin Cash (BCH) is a cryptocurrency that was created in August 2017 as a result of a hard fork from Bitcoin (BTC). The primary motivation behind this split was to address scalability issues that Bitcoin was facing. BCH increased the block size limit from 1MB to 8MB initially, allowing more transactions to be processed in each block.
This aims to reduce transaction fees and increase speed, making it more practical for everyday transactions. Supporters believe that a larger block size can help Bitcoin Cash serve as a better medium of exchange. Since its launch, Bitcoin Cash has continued to evolve, with further updates to its protocol.
The community remains active, focusing on improvements and fostering adoption in various sectors. Overall, Bitcoin Cash represents an alternative to Bitcoin, emphasizing quick and cost-effective transactions, appealing to users who prefer these features over Bitcoin’s original model.
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