Bitcoin Cash (BCH) is a cryptocurrency that was created in 2017 as a fork of the original Bitcoin (BTC) blockchain. It was created by a group of developers who wanted to increase the block size limit of the Bitcoin blockchain in order to increase the transaction processing speed and lower the transaction fees.
Bitcoin Cash operates on a decentralized, peer-to-peer network, and uses the same underlying technology as Bitcoin, known as blockchain. However, it has some key differences from Bitcoin, including a larger block size limit of 32 megabytes (compared to Bitcoin’s 1 megabyte limit), which allows for faster transaction processing and lower fees.
Bitcoin Cash also has a different mining algorithm than Bitcoin, which means that it is mined using different hardware and software. It is designed to be more accessible and usable as a digital currency for everyday transactions, while Bitcoin is often seen as a store of value or investment.
Overall, Bitcoin Cash is a cryptocurrency that aims to improve upon the original Bitcoin blockchain by offering faster and cheaper transactions, while still maintaining the core principles of decentralization and security.
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