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Bitcoin Cash (BCH) is a decentralized, peer-to-peer electronic cash system created in 2017 as a result of a hard fork from the original Bitcoin blockchain. The fork emerged due to disagreements within the Bitcoin community on how to scale the network, particularly regarding the Segregated Witness (SegWit) upgrade. Unlike Bitcoin, Bitcoin Cash chose to increase its block size limit to 32 MB, allowing a higher volume of transactions to be processed per block. This results in significantly lower transaction fees and faster confirmation times, often within seconds, making it more suitable for everyday payments. Bitcoin Cash aims to fulfill the original vision of Bitcoin as a low-cost, efficient digital payment system for global use. It supports a wide range of transactions including micro-payments, remittances, merchant payments, and more, without the need for trusted third parties. In addition, the Bitcoin Cash ecosystem is continually evolving through its Cash Improvement Proposals (CHIPs), which document protocol upgrade suggestions and their development progress.
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