What is Bitcoin Cash? Bitcoin Cash (BCH) is a cryptocurrency created via a fork of the Bitcoin network. This means that any user who held Bitcoin at the time of the fork (August 1st, 2017), now has an equivalent amount of Bitcoin Cash on the forked Bitcoin Cash blockchain. How is Bitcoin Cash different than Bitcoin? Bitcoin Cash was created as an answer to the years-long debate among the Bitcoin community regarding the best way to scale Bitcoin to more users. The most simple solution, and the one adopted by Bitcoin Cash, is to increase the Max Block size Limit parameter of the Bitcoin codebase. While Bitcoin’s block size limit remains at one megabyte (allowing for ~250,000 transactions per day), Bitcoin Cash has increased the limit to 8MB, allowing for around two million transactions to be processed per day. As far as the users of Bitcoin/Bitcoin Cash are concerned there is very little noticeable difference on the frontend when using either currency. The main difference between these coins is the fact that, given equal hashrate, BCH protocol allows for more transactions per second which translates to faster payments and lower fees.
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