Lets start with Cryptocurrency.

What is Cryptocurrency?

A Cryptocurrency is a digital asset based on a network distributed to the large number of computers. It is a digital or virtual currency that is secured by cryptography, which nearly impossible to counterfeit or double spend.

The word cyptocurrency is derived from the encryption technique which is secured network. Many cryptocurrencies are decentralized networks based on blockchain technology. This decentralized structure allows them to exist outside the control of the government and central authorities.

Blockchains, are organizational methods for ensuring the integrity of transactional data, is an essential component of many cryptocurrencies.

One of the cryptocurrencies is Bitcoin Cash.

Imagine you have a dollar, and you put it aside for a while and then realise it split in two. Sounds weird? Not in a cryptocurrency world.

Bitcoin cash is the most successful offshoot  split into two distinctive entities.

What is Bitcoin Cash?

Bitcoin is like a software program, but unlikely Microsoft Office, theres no single entity who determines how it should be updated. The bitcoin infrastructure has struggling a surge in transactions and community members have come up with various options to solve the backlog, in these past few years. These new updates coexist with each other. An analogy would be that you use Microsoft Word 2016, 2013 or 2000 to access the same document, though the functions in the older version may not be available.

But Bitcoin Cash is like a new version, which generates documents that can no longer open in the older version s. In an event called "hard-fork" in August  2017 bitcoin cash emerged from the orginal bitcoin. Anyone who owned bitcoin also inherited the equal amount of bitcoin cash, at that time of fork.

Difference between Bitcoin and Bitcoin Cash

Currently, bitcoin network can process up to 7 transactions per second, compared to tens of thousands for Visa. Bitcoin's innovation lies in blockchain - a public ledger of every single bitcoin transaction that has ever taken place, the information being recorded in blocks of data chained together chonologically.

Bitcoon cash offered an eight-fold increase in transactions capacity expanding bitcoin block size cap to 8mb from 1mb, at its birth. As others believe, its name alludes to the boarder agrument that the real bitcoin ought to payment system that people everday to buy their coffee, rather than a technical store of value due to its finite supply like gold.

It is now the world fourth largest cryptocurrency.