BCH (English: Bitcoin Cash) is a blockchain asset generated according to the Bitcoin ABC plan. In order to keep the protocol stable and simple, the Bitcoin ABC plan removed the Segwit function and supported increasing the block size to 8M. It is a technical route for on-chain expansion.
Advantages of Bitcoin Cash
Advantage 1: The code is improved based on the stable version of the Bitcoin protocol. It is believed that not including Segwit will have greater stability, security, and robustness, and is a backup of the current Bitcoin protocol and Bitcoin system.
Advantage 2: Bitcoin Cash does not cause transaction backlogs, so transaction fees are lower. This is a major advantage of Bitcoin Cash. As the transaction fee advantage becomes more prominent, many online businesses and merchant accounts will join the BCH ecosystem to create a better payment system.
Chinese name: Bitcoin Cash
English name: BCH
Founded: August 1, 2017
English name: BCH
Total BCH: 21 million
Core algorithm: SHA-256
Keywords: big block