$BCH Bitcoin Cash (BCH) Overview

Bitcoin Cash (BCH) is a decentralized cryptocurrency that emerged in 2017 as a hard fork of Bitcoin (BTC). The primary motivation behind creating BCH was to address Bitcoin’s scalability issues by increasing the block size limit. While Bitcoin’s block size is limited to 1 MB, Bitcoin Cash supports larger block sizes, allowing it to process more transactions per second with lower fees.

BCH retains many features of Bitcoin, such as a capped supply of 21 million coins and a similar mining algorithm. However, its enhanced transaction capacity makes it ideal for everyday payments and microtransactions. This feature distinguishes Bitcoin Cash as a peer-to-peer electronic cash system that aligns closely with the original vision of Bitcoin.

Bitcoin Cash has fostered a growing ecosystem of merchants, wallets, and exchanges that accept and support it. It is widely used for fast, reliable, and affordable transactions globally. Despite competition and criticism, BCH remains one of the leading cryptocurrencies in terms of market cap and adoption, proving its relevance in the evolving crypto space.