Bitcoin Cash was created to accommodate a larger block size compared to Bitcoin, allowing more transactions into a single block. Despite their philosophical differences, Bitcoin Cash and Bitcoin share several technical similarities. They use the same consensus mechanism and have capped their supply at 21 million.
Algorithm of BCH mining led to a state close to the stable coexistence of BTC and BCH.In the past years, there have been many attacks on and problems with cryptocurrency systems, and these attacks or problems have even caused cryptocurrency systems to split. For example, because Bitcoin has become a popular cryptocurrency, the system needs to provide high transaction throughput.
Bitcoin was eventually split into BTC and BCH in early Aug. 2017. Even though BCH chose to increase the block size limit in order to allow more transactions per block, the mining protocol of BCH was designed to be compatible with that of BTC.
With less than three years in the cryptocurrency market, Bitcoin Cash (BCH) has continuously proved its great investment potential for traders and investors alike. Bitcoin Cash is predicted to keep skyrocketing over the next couple of years. In technical terms, Bitcoin Cash (BCH) has bigger blocks and can process more transactions at lower fees than Bitcoin (BTC), which makes BCH a better investment, especially for users who are interested in everyday payments and online purchases.
BCH advantage:
Decentralized
Nobody controls or owns Bitcoin. Transactions cannot be altered or censored
Fixed Supply
Only 21 million will ever be created, defeating the inflationary issues that plague all fiat currencies
Low Fees
The ability to make reliable, fast, affordable transactions is a paramount tenet of Bitcoin.
BCH for your business
It's easy to start accepting Bitcoin Cash at your business, and there are several benefits of doing so:
Ultra Low Fees
The network fee for a typical Bitcoin Cash transaction is less than one penny
No Chargebacks
Unlike credit cards, there are never any automatic voids, refunds, chargebacks, or fraudulent charges
Free Marketing
By accepting Bitcoin Cash, merchants can gain free listings in website and app directories.
Bitcoin Cash upgrade made Bitcoin usable as cash again. Transaction fees are low, transaction times fast, and most importantly the Bitcoin Cash community is united in the original vision of Bitcoin as cash for the world.The BCH and BTC camps have gone their separate ways, but the contentious debates rage on.
Bitcoin Cash (BCH ) is designed to be a more practical cryptocurrency for everyday transactions. Bitcoin Cash (BCH ) and Ripple (XRP) are the most recent. So basically Bitcoin Cash (BCH) is a decentralised digital currency created through a fork of Bitcoin BTC in 2017.