Bitcoin Cash is a cryptocurrency that was a hard fork of block 478558 on the Bitcoin blockchain on August 1, 2017. Its main goal was to increase block capacity to support more transactions.
Bitcoin Cash has a block size of 8MB, much larger than Bitcoin’s 1MB per block. Thus, the Bitcoin Cash network is able to process far more transactions per second with lower transaction fees. Apart from the block size, most of Bitcoin Cash’s technical features are the same as Bitcoin including proof-of-work and a total supply limit of 21 million coins. The development and management of the Bitcoin Cash network is carried out by a separate community from Bitcoin.
Examples of “bitcoin cash” in use in sentences
“The launch of Bitcoin Cash is aimed at addressing scalability issues on the Bitcoin network by increasing the block size to 8MB.”
“Because transaction fees are much cheaper than Bitcoin, Bitcoin Cash is often used for everyday small value transactions.”
“Many Bitcoin miners switched to mining Bitcoin Cash after the hard fork in 2017.”
Source:
https://en.wikipedia.org/wiki/Bitcoin_Cash
