Bitcoin Cash is a cryptocurrency created in August 2017, from a fork of Bitcoin. Bitcoin Cash increased the size of blocks, allowing more transactions to be processed and improving scalability.

 

 

The difference between Bitcoin Cash and Bitcoin is philosophical. Bitcoin was meant to be a peer-to-peer cryptocurrency that was used for daily transactions. Over the years, as it gained mainstream traction and its price surged, Bitcoin became an investment vehicle instead of a currency. This led to a rapid increase in the number of transactions and the users have to wait for hours to confirm their transactions. Bitcoin Cash proposes to remedy the situation by increasing the size of blocks to between 8 MB and 32 MB, thereby enabling the processing of more transactions per block.
Despite their philosophical differences, Bitcoin Cash and Bitcoin share several technical similarities. They use the same consensus mechanism and have capped their supply at 21 million.

 

 

Bitcoin Cash was settled on a larger block size in order to process transactions more quickly than Bitcoin. These transactions help you to make a quick and small purchase with BCH, but if you want to make a large purchase, you have to trade with a more secure cryptocurrency like BTC.

 

 

 

You can hold on to your BCH with the expectation of it increasing in value, you can also store your BCH safely on your account or in your crypto wallet.

You can trade Bitcoin Cash for other cryptocurrencies.

You can send it to anyone and anywhere with their BCH address.