Bitcoin Cash (BCH) is a hard fork of the original Bitcoin blockchain. The altcoin came to be on August 1, 2017, following growing tensions between members of the Bitcoin community over scaling concerns and how to address them.
The majority of the Bitcoin community believed that the implementation of an update known as SegWit would be sufficient to significantly better processing capabilities on the bitcoin network. However, a relatively small but determined group of people believed that the block size would need to be increased in order to better scale the network. Led by frontman Roger Ver, the group implemented their own software update at block height 478559, creating a new cryptocurrency.
The new digital currency came to be known as Bitcoin Cash, an allusion to the division in ideology that buoyed the entire debate. The Bitcoin Cash camp believed that the increase in block size would lead to the ease in use, allowing people, to employ the cryptocurrency as a transactional currency in everyday situations.
Technically speaking, Bitcoin Cash is quite similar in many ways to its parent, Bitcoin. They both employ PoW as a consensus mechanism with a focus on the SHA256 algorithm. Additionally, they both feature reward halving at prespecified times.
Introducing the Peer-to-Peer Electronic Cash Enabling new economies with low fee micro-transactions, large business transactions, and permissionless spending.
THE BEST MONEY IN THE WORLD
Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash". Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.
All Bitcoin holders as of block 478558 are also owners of Bitcoin Cash. All are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
The Bitcoin Cash Roadmap
To become a solid base for application development and innovation, Bitcoin Cash must continuously improve and compete. Working together, we can build a technical foundation to empower Bitcoin Cash to be the best money the world has ever seen.
