Bitcoin Cash

Bitcoin Cash is a cryptocurrency that was created in 2017 as a result of a hard fork from the original Bitcoin blockchain. It was developed to address scalability issues and provide a solution to the increasing transaction processing time and fees on the Bitcoin network. The need for Bitcoin Cash arose due to the limitations of the original Bitcoin. As more users started transacting, the network became congested, leading to slower confirmation times and higher transaction fees. Bitcoin Cash aimed to increase the block size limit from 1MB to 8MB, allowing for faster and cheaper transactions. Bitcoin Cash focuses on maintaining the decentralized nature of cryptocurrency while providing a more scalable and efficient digital cash system. It aims to be a peer-to-peer electronic cash system that can support everyday transactions, making it more practical for daily use compared to the original Bitcoin. Overall, Bitcoin Cash was created to address the scalability concerns of Bitcoin and provide faster, cheaper, and more accessible digital transactions.