Bitcoin Cash explained

What is Bitcoin Cash or BCH?

Bitcoin Cash is the solution for the ever-increasing need to accommodate an abundance of transactions per second. Some Bitcoin community members put their heads together to create a hard fork to increase the transaction block size limit. This push came to a head in July 2017 when some Bitcoin community members, including Roger Ver, felt that adopting BIP 91 without increasing the block-size limit was unbalanced. Roger suggested that this setup would undoubtedly favor people who treat Bitcoin as a digital investment rather than a transactional currency. Bitcoin Cash supporters, compared to Bitcoin, were more committed to a medium of exchange function.

In July 2017, Bitcoin Cash came to fruition. The change, called a fork, took effect on 1 August 2017. As a result, the Bitcoin ledger called the blockchain and the cryptocurrency split into two separate networks, Bitcoin and Bitcoin Cash.

The technical difference between Bitcoin Cash and Bitcoin is that Bitcoin Cash allows larger blocks in its blockchain than Bitcoin. What this means, in theory, is that Bitcoin Cash processes more transactions per second.

Where can I buy Bitcoin Cash (BCH)?

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