Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that is the result of a tough fork in Bitcoin's blockchain. Significantly, Bitcoin cash is by far the most successful hard fork in Bitcoin. The project has entered the market in a cloud of controversy. However, after the smoke cleared, Bitcoin emerged as the top ten cryptocurrency in the world as a cash market cap.
Bitcoin cash is a direct result of the scalability issues encountered in Bitcoin's blockchain. During the 2017 crypto craze, the timing of bitcoin transactions and the fact that fees reached new heights brought these issues to the forefront. This increase in fees and delays was the result of too many network congestion due to the larger transaction size
This year more and more investors learned about this digital asset as well as saw the use and price skyrocket of Bitcoin. Additionally, a flood of new investors has entered the market interested in the digital “golden crowd”. These factors have pushed the Bitcoin network to its maximum efficiency.
Simply put, Bitcoin has not been able to manage its growing use. It’s one thing to meet programming and Darnet communities but it’s a completely different story to meet the needs of ordinary people. Bitcoin needs to be scaled enough to accomplish this task.
