What is Bitcoin Cash? What are the characteristics of Bitcoin Cash?
Bitcoin Cash: A forked digital currency
Bitcoin Cash (BCH) is a forked digital currency derived from Bitcoin. Born on August 1, 2017.
Features:
- Higher Block Capacity: Bitcoin Cash has 8 times the block capacity of Bitcoin, which means it can handle more transactions, thereby increasing Transaction speed.
- Lower Transaction Fees: Bitcoin Cash generally has lower transaction fees than Bitcoin due to higher block capacity.
- Faster confirmation times: Bitcoin Cash’s average confirmation time is approximately 10 minutes, which is shorter than Bitcoin’s 1 hour.
- Greater scalability: Bitcoin Cash’s developer community is working to improve its scalability so that it can handle more transactions.
- Community Support: Bitcoin Cash has an active community that supports its development and adoption.
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