Bitcoin Cash
Bitcoin CashBitcoin Cash (BCH) is a fork of Bitcoin that was created in 2017 by a group of developers who wanted to increase the block size... More (BCH) is a forkA fork in cryptocurrency occurs when there is a divergence in the blockchain, resulting in the creation of a new cryptocurrency. There are two types... More of BitcoinBitcoin is like a digital treasure that you can use to buy things online. It's like having a secret code that only you know, and... More that was created in 2017 by a group of developers who wanted to increase the blockA block is a collection of transactions that have been verified and added to the blockchain. Each block typically contains a cryptographic hash of the... More size limit of Bitcoin from 1MB to 8MB, in order to improve its scalability and transaction speed. The main developer behind the creation of Bitcoin Cash was a controversial figure named Roger Ver, who is also known as “Bitcoin Jesus” for his early investments in Bitcoin and his evangelism of the cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain... More.
The drama surrounding the creation of Bitcoin Cash stemmed from a fundamental disagreement among members of the Bitcoin community about how to scale the network. Some believed that increasing the block size limit was necessary to accommodate more transactions and reduce transaction fees, while others believed that this approach would lead to centralization and compromise the security of the network.
Bitcoin Cash has faced several disadvantages since its creation. For one, it has struggled to gain widespread adoption and is still far less valuable than Bitcoin in terms of market capitalizationMarket capitalization (often referred to as "market cap") is a measure of the total value of a company or asset. In the context of cryptocurrencies,... More. Additionally, its larger block size limit has made it more susceptible to attacks and less decentralized than Bitcoin. Finally, there have been concerns about the governance of Bitcoin Cash and the role that Roger Ver has played in its development.