As the original cryptocurrency, Bitcoin has enjoyed a high level of popularity and value since its launch in 2009. However, as the network has grown, its limited block size (approximately 1 MB) has become increasingly problematic for speed and security.
To address this problem, developers created a hard fork in the Bitcoin blockchain in August 2017. This new coin, called Bitcoin Cash, is based on the original BTC code but with improved scalability and faster processing times.
What is Bitcoin Cash?
Bitcoin Cash (BCH) is a proof-of-work blockchain network and cryptocurrency that's faster and cheaper to use than Bitcoin (BTC). Launched in 2017, Bitcoin Cash is a fork of the original Bitcoin blockchain that was developed to solve some of its long-standing issues.
In particular, the fork aims to increase the size of blocks on the blockchain -- which will allow for more transactions and reduce transaction fees. It also attempts to address some of the perceived limitations of Bitcoin by focusing on spending...