What is Bitcoin Cash

Bitcoin Cash is the result of a Bitcoin hard fork that occurred in August 2017. Bitcoin Cash was created to accommodate a larger block size compared to Bitcoin, allowing more transactions into a single block. Despite their philosophical differences, Bitcoin Cash and Bitcoin share several technical similarities .

Bitcoin Cash is designed to be a transactional cryptocurrency that functions as an electronic cash payment system . It’s meant to address Bitcoin’s perceived scalability problem and provide more utility in everyday life — it is designed to be spent, rather than held as a store of value.

Bitcoin Cash is thus able to process transactions more quickly than the Bitcoin network , meaning that wait times are shorter and transaction processing fees tend to be lower. The Bitcoin Cash network can handle many more transactions per second than the Bitcoin network can.2 gün önce