Bitcoin is a digital currency that has been created without the intervention of a central bank. While the Federal Reserve is responsible for America's monetary system, Bitcoin doesn't have a single person or organisation in charge.
Nobody controls or owns Bitcoin Cash. There's no CEO, and you don't need to ask for permission to use it. Bitcoin Cash remains free to be used by anyone, without censorship.
All transactions are recorded on a global public ledger called the blockchain. The ledger is updated at regular intervals in blocks that are connected to form a chain. This allows anyone to easily see the full history of ownership, and helps to eliminate the potential for fraud.
Long-term store of value
The total supply of Bitcoin Cash will never exceed 21 million coins. This is written into the code that defines the Bitcoin Cash protocol. As a decentralized network, Bitcoin Cash users ultimately decide how the protocol evolves and since it is not in the interests of participants to dilute their holdings by changing the protocol, the 21-million-coin limit will almost certainly remain in place forever.
Highly effective medium of exchange
Bitcoin Cash enables peer-to-peer payments between individuals - just like cash, but in the digital realm. Critically, fees for sending Bitcoin Cash typically amount to less than a penny per transaction, and settlement occurs near instantly, regardless of the physical location of participants. This makes Bitcoin Cash useful for not only remittances and cross-border trade, but also for daily transactions like buying groceries. Since the fees and transaction times are so low, Bitcoin Cash is also effective for micro-transaction use cases like tipping content creators and rewarding app users.