Why Was Bitcoin Cash Created and What It Wants to Achieve

Written by noamj | Published 2020/01/06
Tech Story Tags: bitcoin-cash | crytocurrencies | crypto | altcoins | crypto-scalability | good-company | crypto-block-size-debate | bch

TLDR Bitcoin Cash or BCH is a kind of cryptocurrency that was made as a permanent fork of Bitcoin. Bitcoin Cash was created to deal with disagreements in the Bitcoin community over how the technology of the currency should run, especially with increased demand. With its increased block size limit at 8MB, it could process up to two million transactions per day. With the bigger block size of BCH allows it to have more transactions per second. This means that payments will be faster and fees will be lower. This is in response to the growing number of transactions which the Bitcoin infrastructure has been allegedly struggling to handle.via the TL;DR App

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Written by noamj | Noam is a Freelancer Writer, Entrepreneur and passionate blogger. A writer by day and a reader by night.
Published by HackerNoon on 2020/01/06