Bitcoin Cash currency was established on August 1, 2017 from a bitcoin hard fork in response to the debate about how to scale Bitcoin to more users. The simplest solution was Bitcoin Cash, created to increase the max block size limit parameter of the Bitcoin codebase. Although Bitcoin's block size limit remains at one megabyte, Bitcoin Cash has increased the limit to 8 MB, which can process around two million transactions per day. In short, Bitcoin Cash offers faster payments and lower fees compared to Bitcoin.
This data was last updated 2021-01-20 10:42:50 UTC