Bitcoin Cash is a cryptocurrency that originated from a hard fork of Bitcoin in August 2017. Its primary distinction from Bitcoin is a larger block size, designed to permit more transactions per block and offer lower transaction fees. Proponents aimed to create a more scalable electronic cash system suitable for everyday purchases. It operates on its own blockchain, separate from Bitcoin, with independent network rules and a distinct community.
Context
The discussion surrounding Bitcoin Cash frequently centers on its viability as a payment system versus Bitcoin’s store-of-value proposition. Ongoing developments include efforts to improve its network capacity and user experience through various protocol upgrades. News often reports on its adoption rates by merchants and the comparative transaction volumes against other cryptocurrencies. The community continues to pursue its vision of peer-to-peer electronic cash for global use.
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