Bitcoincash was started by bitcoin miners and developers equally concerned with the future of the cryptocurrency and its ability to scale effectively. However,these individual had their reservations about the adoption of a segregated witness technology.They felt as though SegWit2x did not adress the fundamental problem of scalability in a meaningful way,nor did it follow the road map initially outlined by (Satoshi Nakamoto) the anonymous party that first proposed the block chain technology behind cryptocurrency
In August 2017 ,some miner and developer initiated what is known as a hard fork,effectively creating a new currency BitcoinCash .BitcoinCash has its own block chain and specification,Including one very important distincation from bitcoin.BitcoinCash has implemented an increased block size of 8MB the verification process.In 2018,the maximum block size for BitcoinCash Was increase 4x to 32MB,But actual block sizes on bitcoin cash have a remained only a small fraction of 32MB limit.[7]
BitcoinCash is able to process transaction more quickly than the bitcoin network.