What is Bitcoin Cash.

Bitcoin Cash is a digital currency that was created in 2017 as a fork of the original Bitcoin blockchain. The fork was the result of a disagreement within the Bitcoin community over the best way to scale the network to accommodate more transactions.

Bitcoin Cash proponents argued that the block size limit of Bitcoin, which was set at 1 megabyte, was too small and was causing transaction fees to become prohibitively high. They proposed increasing the block size limit to 8 megabytes to allow for more transactions to be processed at once.

The Bitcoin community was divided over this proposal, and in August 2017, a group of Bitcoin miners and developers implemented a hard fork of the Bitcoin blockchain, creating a new cryptocurrency called Bitcoin Cash.

Bitcoin Cash shares many of the same characteristics as Bitcoin, including a decentralized peer-to-peer network, a limited supply, and a proof-of-work consensus algorithm. However, there are a few key differences that set it apart from its predecessor.

The most significant difference between Bitcoin and Bitcoin Cash is the block size limit. Bitcoin Cash has a block size limit of 32 megabytes, which allows for more transactions to be processed at once and helps keep transaction fees low.

Another difference is the use of the SHA-256 hashing algorithm, which is used to secure the network and validate transactions. Bitcoin Cash uses an updated version of this algorithm known as SHA-256D, which is more efficient and secure than the original.

Bitcoin Cash also has a different approach to difficulty adjustment. Whereas Bitcoin adjusts its mining difficulty every 2016 blocks, which can take several weeks, Bitcoin Cash adjusts its difficulty every block, making it more responsive to changes in hash rate and ensuring a more stable network.

Despite these differences, Bitcoin Cash is still considered a close cousin of Bitcoin and shares many of the same benefits and drawbacks. It offers faster transaction times and lower fees than Bitcoin, but it is also more centralized due to the dominance of a few large mining pools.

Overall, Bitcoin Cash is a cryptocurrency that offers an alternative to Bitcoin for those who are looking for faster, cheaper transactions and a higher block size limit. It remains to be seen whether it will be able to gain broader acceptance and adoption in the cryptocurrency community, but it has already established a dedicated following of supporters who believe in its potential.