Bitcoin Cash (BCH)
- Official Website: bitcoincash.org
- Definition: Bitcoin Cash is a fork of Bitcoin created to increase block size and improve transaction speeds.
- Category: Blockchain, Layer 1 chain, Cryptocurrency.
- What It Is: A faster and cheaper alternative to Bitcoin for everyday transactions.
- Function: Used for payments, remittances, and as a store of value.
- Analogy: Think of Bitcoin Cash as a highway with more lanes. It’s faster and can handle more traffic (transactions) than Bitcoin.
- Pros: Faster transactions, lower fees, strong community.
- Cons: Controversial fork, competition from other payment-focused cryptos.
- Controversies: Dispute with Bitcoin Core developers, multiple forks (e.g., Bitcoin SV).
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This page was last updated on January 28, 2025.
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