BCH/USDT Bitcoin Cash arose out of contention in the Bitcoin community centered around the scalability of the Bitcoin blockchain and the desire to increase the block size. As a result of the disagreement, part of the community split off and “forked” Bitcoin to create Bitcoin Cash in order to implement the desired code updates. The protocol now aims to be a peer-to-peer electronic cash system capable of being used to conduct fast payments around the world with low fees, user privacy and a high transaction capacity. Momentum for Bitcoin Cash began pickup up at the beginning of April as the cryptocurrency market as a whole received increased attention from the mainstream media and financial markets. One theory suggests that new investors look for older coins with lower valuations as a starting point instead of chasing after Ether and Bitcoin, which may appear expensive to new crypto traders. With Bitcoin now back above $61,000 and its hash rate hitting a record high of 200 per second, the top cryptocurrency is out of reach for many smaller investors and miners who may be turning to BCH as a more feasible option.
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