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Why Create a Second Bitcoin? The desire to increase the number of transactions that could take place every second was the primary impetus for the Bitcoin Cash fork. This concern is reflected in the structure of BCH, with its increased block size. More data in each block means that transactions can be processed more quickly. Measures were also taken to reduce the total amount of data that needed to be verified in each transaction, which further sped up the process. These technical differences are significant. Transaction speed is crucial to the scalability, functionality, widespread adoption, and ultimate success of a cryptocurrency. For comparison, Bitcoin is capable of processing seven transactions per second, whereas Bitcoin Cash processes 116 transactions per second on average. It’s also worth noting that Visa processes 24,000 transactions per second. In the eyes of Bitcoin Cash supporters, seven transactions per second wasn’t going to cut it in the long run.

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