Bitcoin Cash

Bitcoin Cash, a cryptocurrency that emerged from a hard fork of the Bitcoin blockchain in 2017. A hard fork is a radical change to a network's protocol that creates a new branch of the blockchain with different rules and characteristics. Bitcoin Cash was created to address the scalability issues of Bitcoin, which limited the number of transactions that could be processed per second. Bitcoin Cash increased the block size, or the amount of data that can be stored in each block, from 1 megabyte (MB) to 32 MB, allowing more transactions to be confirmed faster and with lower fees.

Bitcoin Cash is designed to be used as a peer-to-peer electronic cash system, similar to the original vision of Bitcoin's creator, Satoshi Nakamoto. Bitcoin Cash aims to enable fast, cheap, and reliable payments around the world, without the need for intermediaries or central authorities. Bitcoin Cash also supports smart contracts, which are self-executing agreements that can facilitate various applications and use cases, such as decentralized finance, digital identity, and asset management.

Bitcoin Cash is one of the most popular and widely traded cryptocurrencies in the market, with a market capitalization of over $10 billion as of January 23, 2024. Bitcoin Cash has a fixed supply of 21 million coins, just like Bitcoin, and uses the same proof-of-work consensus mechanism, which requires miners to solve complex mathematical problems to validate transactions and secure the network. However, Bitcoin Cash has a different difficulty adjustment algorithm, which makes it easier for miners to switch between the two chains and maintain a stable hash rate.