Project Name: Bitcoin Cash Abbreviation: BCH
Total Quantity: 21 million Release Time: 2017-08-01
Bitcoin Cash, also known as BCH (P.S. not stands for blind carbon copy of email address) is a peer-to-peer electronic payment system that is supported by blockchain technology. BCH has been under the spotlight recently since the split of Bitcoin Hard Ford. Here is a primer on this new cryptocurrency.
BCH was created after a hard-fork spin-off from Bitcoin. The block size of BCH has been made adjustable, from BTH’s 1MB has increased to 8MB. Larger block size leads to faster transactions, lower fees and improved scalability. And Bitcoin Cash lowers transaction costs by removing third parties. Also, it enables more transactions within the block which will generate more transaction fees for the miners.
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