Bitcoin Cash: A popular Cryptocurrency
Bitcoin Cash is a cryptocurrency that is a Bitcoin fork. Bitcoin Cash is a cryptocurrency that was created in 2017 as a spin-off or altcoin.
General
Bitcoin Cash (BCH) was further divided into two cryptocurrencies in November 2018: BCHand Bitcoin SV.
Bitcoin users have followed a set of rules for the cryptocurrency since its inception. On July 21, 2017, bitcoin miners approved Bitcoin Improvement Proposal (BIP) 91, which meant that the Segregated Witness upgrade would be activated at block 477,120. Segwit would, controversially, enable second layer bitcoin solutions such as the Lightning Network. The operation of nodes was a major point of contention among Bitcoin users. Bitcoin supporters wanted to keep blocks small so that nodes could be operated with fewer resources, whereas some large block supporters believe that (due to large block sizes), nodes should only be run by universities, private companies, and nonprofits. At a conference that month, the first implementation of the software was proposed under the name Bitcoin ABC. ViaBTC, a mining pool, proposed the name Bitcoin Cash in July 2017. In July 2017, Roger Ver and others stated that they believed that implementing BIP 91 (which would later activate SegWit) favored people who wanted to treat bitcoin as a digital investment rather than a transactional currency. On…
