What is BCH? Bitcoin Cash (BCH) is a Bitcoin hard fork that occurred on August 1, 2017. Upon its emergence, the network rewards each Bitcoin holder with a certain amount of BCH. By copying the original Blockchain.com, it successfully combines on-chain scalability and practicality as a peer-to-peer electronic cash system. Bitcoin Cash increases the size of blocks so that more transactions can be processed. Basically, BCH was created to overcome the two major challenges facing Bitcoin. That is, scalability and transaction fees. Like Bitcoin, the forked currency has a cap of $21 million. By doing so, the network ensures value for each holder, keeping inflation to a minimum. The network also mentioned that BCH supports token protocols, so it will be very simple to create token-backed projects. #BTC #bch
