What is Bitcoin Cash?
Bitcoin Cash (BCH) is the altcoin that was hard-forked off the main Bitcoin blockchain.
Buy Bitcoin CashA faster and more scalable version of Bitcoin
Bitcoin Cash started with Bitcoin miners and developers who were concerned about the scalability and speed of Bitcoin. They didn’t think there was any other solution aside from forking with the existing Bitcoin blockchain. In August 2017, the fork was completed. The main difference is that it has a bigger block, which allows for faster transactions and more flexibility.
Faster
than Bitcoin
Each Bitcoin Cash block can store a greater number of transactions. This increases speed and decreases the average fee per transaction.
Payment
medium potential
Cheaper and faster transactions means Bitcoin Cash is better suited to act as a payment medium than Bitcoin is.
Volatility
is extremely high
Like Bitcoin, Bitcoin Cash experiences high volatility, which makes it a high-risk, high-reward asset.
Better
than Bitcoin?
Critics say that Bitcoin Cash is not a good enough solution to Bitcoin’s problems, pointing specifically to security and scalability issues that still exist.