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Bitcoin Cash (BCH) is a decentralized cryptocurrency that emerged as a fork from Bitcoin in 2017 to address Bitcoin’s scalability issues, aiming to support faster transactions and lower fees. Designed to be more efficient for day-to-day transactions, BCH increased block size limits from Bitcoin's 1MB to 8MB initially, later expanding further to 32MB, allowing the network to handle a higher volume of transactions at a lower cost. Its ecosystem includes wallet support, merchant adoption, and cross-border payments, making BCH a practical alternative for peer-to-peer digital transactions. Bitcoin Cash has also fostered a community focused on preserving the original vision of Bitcoin as "peer-to-peer electronic cash," prioritizing usability in payments over the store-of-value narrative that Bitcoin has adopted. Its robust development team continues to innovate with features such as Schnorr signatures and new smart contract capabilities, making BCH a unique asset in the cryptocurrency landscape.
Bitcoin Cash is a cryptocurrency that emerged as a hard fork from Bitcoin in 2017. It aims to provide faster transactions with lower fees, focusing on being a more efficient digital currency for everyday transactions.
The primary difference lies in the block size; Bitcoin Cash has a larger block size limit (currently 32 MB), allowing it to process more transactions per block, whereas Bitcoin’s smaller block size limits throughput.
The larger block size allows Bitcoin Cash to process more transactions in each block, leading to quicker confirmation times and reducing the chance of network congestion.
Bitcoin Cash was created to address the scalability issues in Bitcoin, specifically aiming to handle more transactions per second by increasing the block size, making it more practical for daily use.
Bitcoin Cash has a block size limit of 32 MB, compared to Bitcoin’s 1 MB, which enables BCH to handle more transactions per block, reducing network congestion and transaction fees.