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Bitcoin Cash, also known as BCH, is a cryptocurrency which differs from Bitcoin (BTC) and was a result of a hard fork from Bitcoin. But what is Bitcoin Cash exactly? Bitcoin Cash was created by a group of Bitcoin advocates who disagreed with the implementation of SegWit2x, a protocol initiated by influential miners and investors to increase the block size limit of Bitcoin. The problem with Bitcoin as it became more popular was that transactions took a longer time to process due to the 1 MB size limit for every block. As a result, Bitcoin Cash was created with a block size limit of 8 MB for lower transaction costs and times. The limit was subsequently increased to 32 MB in 2018.
Other than its block size limits, Bitcoin Cash also differs from Bitcoin in its hash algorithm. This means that if Bitcoin Cash splits from Bitcoin in future, there is a wipeout protection plan in place that will allow both chains to coexist without disruption to the owners of both cryptocurrencies.
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