Bitcoin Cash (BCH) is a cryptocurrency that was created as a result of a hard fork of the Bitcoin blockchain. The fork was intended to increase the size of Bitcoin blocks from 1MB to 8MB, allowing more transactions to be processed at once. The fork also changed the difficulty adjustment algorithm, making it easier to mine Bitcoin Cash.
Bitcoin Cash was created to address the scalability issues of the Bitcoin network. By increasing the block size, more transactions could be processed at once, resulting in faster confirmation times and lower fees. The difficulty adjustment algorithm also makes it easier for miners to mine Bitcoin Cash, making it more attractive to miners.
Since its launch in August 2017, Bitcoin Cash has become a popular cryptocurrency, with a market cap of more than $6 billion. The currency is also supported by major exchanges, including Coinbase, Kraken, and Bitstamp.
Bitcoin Cash is a great alternative to Bitcoin for users who are looking to transfer funds quickly and cheaply. The larger block size allows for faster transaction times, and the lower fees make it an attractive option for those looking to send money without incurring high fees. Additionally, the difficulty adjustment algorithm makes it easier for miners to mine Bitcoin Cash, making it more attractive to miners.