Bitcoin Cash (BCH)

By: WEEX|2024/10/12 00:10:18

What is Bitcoin Cash (BCH) ?

Bitcoin Cash (BCH) is a cryptocurrency that emerged from a hard fork of Bitcoin in 2017. The main difference between Bitcoin Cash and Bitcoin lies in the size of the blocks used to process transactions. Bitcoin Cash increased the block size limit to 8 MB (later increased further), allowing for faster and cheaper transactions compared to Bitcoin, especially during times of high network congestion. Bitcoin Cash was created to address scalability issues in the Bitcoin network, where growing demand led to slower transaction speeds and higher fees. BCH has gained popularity as a faster, more practical option for everyday transactions, whereas Bitcoin is often viewed more as a store of value. For example, Bitcoin Cash can be used for payments in stores and online retailers that accept cryptocurrency, providing a practical alternative to traditional payment methods.

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