$BCH refers to Bitcoin Cash a cryptocurrency that was created in 2017 as a fork of Bitcoin Cash was developed to address Bitcoin's scalability issues by increasing the block size limit enabling more transactions to be processed per block This was intended to improve transaction speeds and reduce fees, making Bitcoin Cash more suitable for everyday transactions compared to Bitcoin which has faced scalability challenges as its adoption grew

Key features of Bitcoin Cash include

Larger Block Size Bitcoin Cash has a block size limit of 32 MB compared to Bitcoins 1 MB

Transaction Speed and Low Fees With larger blocks Bitcoin Cash can handle more transactions, often with lower fees and faster confirmation times than Bitcoin

Decentralized Peer-to-Peer Payments Like Bitcoin Cash is designed for peer to peer transactions and it is often used for daily transactions or as a store of value

Bitcoin Cash has faced its own challenges including debates within the community about its future direction and competing with Bitcoin for adoption and usage

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