Bitcoin Cash is a cryptocurrency that emerged from a split, or “fork,” in the original Bitcoin network in August 2017. The primary reason for this fork was to address concerns about transaction speed and scalability. Many users felt that Bitcoin’s block size limit of 1 megabyte was too restrictive, leading to slow transaction times and higher fees during periods of high demand. Bitcoin Cash increased the block size to 8 megabytes initially,

later expanding it further, allowing more transactions to be processed in each block. This change aimed to improve transaction efficiency and reduce costs for users. Despite sharing the same underlying technology and features as Bitcoin, Bitcoin Cash has its distinct community and development priorities.

It focuses on being a peer-to-peer electronic cash system, emphasizing everyday use for transactions rather than being seen primarily as a store of value. Bitcoin Cash offers another option in cryptocurrency, appealing to users who prioritize quick and low-cost transactions. As a result, it has created a different space within the broader cryptocurrency market.