What is Bitcoin Cash (BCH) & how does it work?

What Is Bitcoin Cash (BCH), and How Does It Work? Bitcoin Cash (BCH) is a cryptocurrency that was created and launched to bring decentralization back to cryptocurrency. It is the result of a 2017 Bitcoin " hard fork ," which occurs when an existing blockchain splits into two.

Is Bitcoin Cash a 'fork' of bitcoin?

It is considered a 'fork' of Bitcoin, although proponents argue that Bitcoin Cash more closely adheres to the original vision of creating a peer-to-peer electronic cash system as laid out in a 2008 white paper written by the founder of the protocol, a person or group going by the pseudonym Satoshi Nakamoto.

What is the difference between Bitcoin & Bitcoin Cash?

Bitcoin and Bitcoin Cash each hold a total supply cap of 21 million coins, which creates a parallel in their supply-and-demand market dynamic. BCH boasts 32 megabytes to Bitcoin’s 1 megabyte in block size. Bitcoin Cash processes 100 transactions per second to Bitcoin’s seven transactions per second.

What is a Bitcoin Cash blockchain?

When a group of miners and developers can’t agree on how their software manages the crypto they’re responsible for handling, the blockchain is split in two — creating new systems entirely. A major feature of the Bitcoin Cash blockchain is that each block can process and store more transactions compared to Bitcoin.