About Bitcoin Cash (BCH): Peer-to-Peer Electronic Cash for Everyday Payments
Bitcoin Cash (BCH) is a hard fork of Bitcoin created to serve as a scalable, fast, and low-fee digital currency. It maintains Bitcoin’s core philosophy of decentralization but increases the block size to enable cheaper, faster transactions suitable for daily use.
The BCH token is used for payments, remittances, and merchant adoption — offering a more practical version of Bitcoin for everyday spending.
What Is Bitcoin Cash?
Bitcoin Cash is a Layer 1 blockchain that:
- Was launched in 2017 as a fork of Bitcoin due to debates over scaling
- Prioritizes low fees and fast transactions for peer-to-peer payments
- Maintains Bitcoin’s proof-of-work model and 21 million coin supply
It aims to fulfill the original vision of Bitcoin as 'electronic cash,' with upgrades focused on usability, transaction capacity, and merchant adoption.
Key Features of Bitcoin Cash
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Larger Block Size: Supports blocks up to 32 MB, allowing more transactions per block and lower fees than BTC.
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Fast & Cheap Transactions: Sends BCH for fractions of a cent — ideal for small payments, tipping, and remittances.
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Proof of Work Security: Uses the same SHA-256 mining algorithm as Bitcoin, offering strong network security.
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BCH Token Utility:
- Used for P2P payments, merchant services, and e-commerce
- Accepted by thousands of merchants and payment processors
- Can be used in smart contract platforms like CashScript and BCH sidechains
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Growing Ecosystem: Includes wallets, POS solutions, NFTs (via CashTokens), and DeFi initiatives.
Bitcoin Cash remains focused on usability — offering a fast, reliable, and permissionless way to send money globally with near-zero fees.
⭐ More about Bitcoin Cash’s current market performance, technical trends, fundamentals, and recent developments find on altFINS.
