Bitcoin Cash (BCH) is a cryptocurrency which facilitates a large volume of transactions in rapid time, and is seen by many as the true fulfilment of Bitcoin’s promise of peer-to-peer electronic cash.

Bitcoin Cash was launched in August 2017, as a direct response to small block sizes on the Bitcoin code. 1MB block sizes were not meeting the demand of the growing community, so a group of dissatisfied crypto enthusiasts decided to create a ‘hard fork’ of the Bitcoin blockchain, with an increased 8MB block size. No one person currently takes credit for the token’s creation; rather it is attributed to a de-centralized group of developers.

Bitcoin Cash was the first ‘hard fork’ of Bitcoin, and it inherited and replicated the Bitcoin ledger records up until the point of creation. This means holders of Bitcoin (BTC) received the same amount of Bitcoin Cash (BCH) immediately upon launch. All transactions from that point on are separate, and do not affect each other.

Lenker
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