What is Bitcoin Cash (BCH)?
Bitcoin Cash is a hard fork of Bitcoin. It appeared in August 2017, caused by a decision of a group of influential miners, developers, investors and users, who were against the SegWit2x consensus. Nowadays, it is a P2P decentralized payment system. The idea of BCH is for it to be a “coin for everyday transactions”.
The developers of Bitcoin Cash decided to change the block size in order to enable a greater number of transactions and improve the scalability of cryptocurrency. They therefore increased it from 1MB to 8 MB.
After its creation, BCH quickly became popular. Almost 1,500 blocks were created within a month. Mining pools such as Antpool and ViaBTC recognized this cryptocurrency and routed high volumes of hashrate to mine BCH.
Some brief information about Bitcoin Cash:
Project name
Bitcoin Cash
Created by
Amaury Sechet, Roger Ver Jian Wu
Market Capacity
3.7 billion USD
Market price
206 USD
Protocol
Proof-of-work
Algorithm
SHA-256
Block size
8 MB
Github stars
866
Official website
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