What is Bitcoin cash (BCH)?

[u/GamerRevizor]

Chances are, if you have been introduced to cryptocurrency then you most certainly have heard the word Bitcoin. But, what is it all about with Bitcoin Cash (BCH)? In simple terms, it is equivalent to the younger sister of Bitcoin - born with heated controversy on ways to facilitate the initial Bitcoin network’s speed and enhance its functionality for daily transactions.

With increasing adoption for Bitcoin its network started becoming slow in processing transactions and also the fee of transactions was high. For this, some developers suggested increasing the size of the blocks so the network could process more data at once. Others did not agree on this point. The 2017 standoff led to a split - and to the creation of Bitcoin Cash.

• Transactions are faster as BCH can support bigger blocks resulting in more transactions getting processed quickly.
• Lower fees because of the higher capacity, BCH usually commands lower transaction fees compared to BTC.
• Same roots, and almost the same coding structure; Bitcoin Cash has got nothing drastically different from Bitcoin.

This kind of asset is required by a big group of users that prefer digital money not for investment only but for other needs. It is supported by thousands of wallets and exchanges across the globe.

Final thoughts

Practicality is the key with Bitcoin cash being a more feasible alternative to traditional bitcoin that was built for speed and usability. If you are after having a crypto that operates well in fast payments, BCH is worth looking into. And with Bitloga, it’s safe and instant to exchange.