How to buy Bitcoin Cash (BCH)
What is Bitcoin Cash (BCH)
Created in 2017, Bitcoin Cash is a fork of the original Bitcoin blockchain. The project attempts to fix Bitcoin’s issues with scalability and transaction fees by increasing the block size limit. This change allows for more transactions per block than Satoshi Nakamoto initially designed. Other changes include dynamic mining difficulty adjustment, smart contracts, and token issuance support.
Bitcoin Cash has the same Proof of Work consensus mechanism as the original Bitcoin network. Both have a target time of 10 minutes per completed block and a max supply of 21 million. At the time of the hard fork, any wallet holding Bitcoin received an equal amount of Bitcoin Cash.
Bitcoin Cash is also known as Bitcoin Cash ABC to distinguish it from another hard fork known as Bitcoin Cash SV.