Bitcoin cash is a cryptocurrency created in August 2017, from a fork of Bitcoin.1 Bitcoin Cash increased the size of blocks, allowing more transactions to be processed and improving scalability.
The cryptocurrency underwent another fork in November 2018 and split into Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision).2 Bitcoin Cash is referred to as Bitcoin Cash because it uses the original Bitcoin Cash client.
Bitcoin is a digital marketing currency where you can exchange buy sell shares and get profits or loss.
Bitcoin cash could be the future currency anyone invested could get profit or loss
Bitcoin cash is much more safer than the other coins like litecoin dogecoin etc
Bitcoin cash is the version of bitcoin that implemented an increase in the transaction capacity," digital currency economist Alex de Vries told CNN Business.
The bitcoin cash creators aimed to raise bitcoin's block size limit of one megabyte every 10 minutes — which translates to a maximum of seven transactions per second — to eight megabytes every 10 minutes, de Vries said. Bitcoin cash blocks can go up to 32 megabytes.
The creators of bitcoin cash, "wrote an update for the Bitcoin software which increased the transaction limit," de Vries said, and thus, the new cryptocurrency was born.
Bitcoin cash split in two in 2018, in a similar situation, creating another fork called bitcoin SV, which, with a market value of nearly $8 billion, is currently ranked at number 19 on the top digital currencies list on Coinbase.
Bitcoin Cash is settled using a larger block size (which is 4-8 times larger than BTC, depending on the use of Segregated Witness) to process transactions more quickly.
These transactions are quick enough that you could make a grab-and-go retail purchase with BCH (like a cup of coffee), but if you were making a large purchase such as a car or a house, you could opt for a slower, more secure cryptocurrency like BTC.
BCH and BTC, therefore, fulfill different roles. Not every cryptocurrency is a store of value, and not every cryptocurrency needs to process data quickly to function like a credit card transaction. It makes sense to use different tools for different tasks — much like using a credit card for restaurant dining and a bank transfer to buy a house.
Ultimately, BCH is faster and features lower processing fees than BTC, but is still used less frequently as everyday cryptocurrency payments have yet to be widely adopted. Over time, many believe that greater awareness and complementary technological improvements and innovations will pave the way for BCH to serve as a leader in cryptocurrency payments.