Bitcoin Cash (BCH) is a cryptocurrency created in 2017. According to its whitepaper, the goal of the coin is to create sound global money with fast payments, minimal fees, privacy, and high transaction capacity. In the same way that physical money, such as a twenty-dollar bill, is handed directly to the person being paid, Bitcoin Cash payments are sent directly from one person to another.
In 2017, the Bitcoin project and its workers separated due to hesitation about Bitcoin’s scalability. The result was a hard fork that created Bitcoin Cash, a new cryptocurrency considered by supporters to be the legitimate continuation of the Bitcoin project as peer-to-peer electronic cash. At the present time, Bitcoin holders automatically became owners of Bitcoin Cash. Bitcoin, which was invented by the pseudonymous Satoshi Nakomoto remains a separate cryptocurrency.
How is it different than Bitcoin?
Bitcoin Cash strives to scale so it can meet the demands of a global payment system. At the time of the split in 2017, the Bitcoin Cash block size was increased from 1MB to 8MB. Today BCH’s block size has grown to 32MB. Since BCH has an increased block size, it can now handle significantly more transactions per second. BCH keeps transactions fees low while solving the issues of payment delays and high fees experienced by some users on the Bitcoin BTC network.
Tokenomics
Market Cap: $5,567,493,024
Max Supply: 21,000,00
Total Supply: 19,009,819
Conclusion
BCH can be mined with AIC mining equipment which is the same equipment used to mine BTC. As more and more people begin to understand and hodl Bitcoin there will be a greater need for a currency to be used for everyday life. Bitcoin cash has a lot of the capabilities to be that currency! From a financial investment perspective, after you have bought a substantial amount of Bitcoin, I would buy Bitcoin Cash. Over time people will see value in a cryptocurrency that is very similar to the original Bitcoin. If my analysis is correct people will receive a higher return investing in BCH than BTC, but we all know the most trusted cryptocurrency will always be Bitcoin.
