Bitcoin Cash (BCH)
Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split further into two cryptocurrencies: Bitcoin Cash and Bitcoin SV.
BCH is a cryptocurrency established because of the hard fork that took place to manage the scalability problem. Bitcoin Cash has several significant differences to Bitcoin: it is advertised as being faster and cheaper to use, the maximum block size is eight megabytes against one in previous Blockchain, and it has an emergency difficulty adjustment feature. Bitcoin Cash also uses 0-conf (or zero-conf) which allows for nearly instant transactions, meaning Bitcoin Cash transactions are almost always confirmed in the next block.
Bitcoin Cash News
In
May 2017, Bitcoin transactions could take up to four days to complete. The only
way to make a transaction quicker was to pay a transaction fee, which at the
end of 2017 was around $28. The delay and the need to pay fees made Bitcoin
impractical for making small purchases, which led to a new Bitcoin-based
currency Bitcoin Cash (BCH).
