Bitcoin Cash is a cryptocurrency created in 2017 as a fork of Bitcoin, designed to enable faster and cheaper transactions by increasing block size.
Description: Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that emerged from a hard fork of the Bitcoin blockchain on August 1, 2017. The fork was driven by a disagreement within the Bitcoin community over scalability solutions, with Bitcoin Cash proponents advocating for larger block sizes (initially 8 MB, later increased) to allow more transactions per block, thereby reducing fees and confirmation times. Bitcoin Cash aims to fulfill the original vision of Bitcoin as a decentralized digital currency for everyday transactions, emphasizing low fees and fast settlement. It retains many of Bitcoin's core features, such as a proof-of-work consensus mechanism (SHA-256) and a capped supply of 21 million coins. Over time, Bitcoin Cash has undergone further upgrades, including the introduction of Schnorr signatures and smart contract capabilities. It is traded on major cryptocurrency exchanges and used for payments, remittances, and as a store of value.
Established / Launched: August 1, 2017
Founder / Issuer: Satoshi Nakamoto (original Bitcoin), forked by community developers including Roger Ver, Jihan Wu, and others
