BCH history

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3 years ago
Topics: History, BCH, Bitcoincash

Do you know Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spinoff or altcoin created in 2017.

As of November 2018, Bitcoin Cash was divided into two cryptocurrencies: Bitcoin Cash and Bitcoin SV.

The need to accommodate the increasing number of transactions per second contributed to a push by some in the community to create hard forks to increase the block size limit. This impulse emerged in July 2017 when several members of the bitcoin community including Roger Ver felt that adopting BIP 91 without increasing the block size limit was favored by those who wanted to treat bitcoin as a digital investment rather than as a transactional currency. The proponents of Bitcoin Cash, compared to Bitcoin, are more committed to the functioning of the medium of exchange. This push by some to increase the block size met with resistance. From its inception to July 2017, Bitcoin users have maintained a general set of rules for cryptocurrency.

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