Bitcoin Cash (BCH) is a cryptocurrency. It is a result of a prolonged disagreement on how to handle the bitcoin scalability problem. A group of influential miners, developers and investors not content with the Segregated Witness feature scheduled to activate decided to increase bitcoin transaction capacity eight times. The change, called a hard fork, took effect on August 1, 2017. As a result, the bitcoin ledger called the blockchain and the cryptocurrency split in two.
As a result, the bitcoin ledger called the blockchain and the cryptocurrency, both split in two. Bitcoin Cash retained the decentralization of Bitcoin as well as its other main characteristics with two distinctions. The maximum block size (transaction processing capacity) was increased to eight megabytes from one and an emergency difficulty adjustment feature was added. A second change to the difficulty adjustment algorithm to steady the rate of block production was implemented in November 2017. Owners of the original Bitcoin were granted ownership of tokens on the new fork automatically.
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