What is Bitcoin Cash (BCH)? Is it Bitcoin or is it cash? Well, it’s neither really. Bitcoin Cash is simply peer-to-peer electronic cash. Some may say that’s just a fancy way of saying cryptocurrency and in many ways it is. Bitcoin Cash is really not all that different from Bitcoin or other peer-to-peer (p2p) forms of digital currency -- and it’s not just because of the name.
Bitcoin Cash actually shares a large majority of its code with Bitcoin--with a few key differences. After breaking off from Bitcoin in 2017, the new Bitcoin fork deemed itself Bitcoin Cash and wanted to improve upon the speed and cost of the slow and expensive Bitcoin. While Bitcoin can only handle seven transactions per second, Bitcoin Cash improved the block size limit from one megabyte every 10 minutes to eight megabytes every 10 minutes. Despite the large improvement, Bitcoin Cash has yet to take the number one spot away from the original Bitcoin. In fact, it couldn’t even contain its newfound following.
In 2018, Bitcoin Cash had another fork which created Bitcoin SV. Despite this, Bitcoin Cash still has a loyal following and is still an impressive technological feat, and is a superior method of transacting. However, demand for Bitcoin Cash is still at low, to medium levels. This could change as more merchants around the world look to cryptocurrency as a new payment method.
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