Bitcoin Cash Is Very Highe Cryptocurrency And Its Very Important For Everything

The three most popular types of Bitcoincryptocurrency are Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoin Gold (BTG). All three types are traded on many exchanges, with Bitcoin being the most popular and available in the most places. Bitcoin Cash was created in part to limit certain groups from controlling Bitcoin. In order to understand Bitcoin Cash and Bitcoin Gold, it's necessary to understand the evolution of Bitcoin.

How Bitcoin Cash Works

To reduce spam and fraud, Bitcoin was originally launched with something called a 1MB block.1 As the currency became increasingly popular, the capacity limit meant the transaction times for using or buying Bitcoin started to lag tremendously. Bitcoin began as a payment system but evolved into an investment.

Lagging transaction times limited the volume of Bitcoin transactions that could occur per second, hindering the ability for Bitcoin to scale. This limitation is why Bitcoin Cash was developed with a significantly bigger block, allowing 25,000 transactions a day.2