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Bitcoin Cash (BCH) Summary
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Bitcoin Cash (BCH) was created in August 2017, when Bitcoin had a fork which allowed to increase the size of the blocks and scalability. Bitcoin Cash (BCH) continued Satoshi’s dream that Bitcoin to be used as a peer-to-peer currency in daily transactions. Robert Ver promoted the block size increase in order to achieve the daily use transactions and low transfer fees. Even if Bitcoin Cash (BCH) is different from Bitcoin (BTC) by ideology and block size, it still uses Proof-of-Work (POW) to mine new coins. Since the 2017 fork, Bitcoin Cash upgraded to blocksize to 32MB blocks and evolved the coin into a method of payment used world-wide. The developers created a strong map that will lead BCH to a bright future.