Bitcoin Cash What Is It?

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Bitcoin Cash is a cryptocurrency that was created in 2017 as a fork of Bitcoin. It was designed to address some of the scalability issues of Bitcoin by increasing the block size limit, allowing for more transactions to be processed per block.

As a peer-to-peer electronic cash system, Bitcoin Cash aims to be used for everyday transactions, offering lower fees and faster confirmation times compared to Bitcoin. It maintains the same decentralized nature and security features as Bitcoin while prioritizing usability as digital cash.

The creation of Bitcoin Cash was driven by differences in the Bitcoin community regarding how to scale the network. Supporters of Bitcoin Cash believe that larger blocks are necessary for the cryptocurrency to function effectively as a medium of exchange.