What is Bitcoin Cash?

Bitcoin Cash is considered a 'fork' of Bitcoin. It was created on August 1 2017 after participants in the Bitcoin ecosystem were unable to agree on methods for scaling the cryptocurrency. The main point of contention was 'block size,' which is relevant for the volume of transactions that can be processed per second (aka the 'throughput').

What is replace-by-fee in Bitcoin?

Replace-by-fee on Bitcoin (BTC) allows for transactions to be cancelled/double-spent while unconfirmed. The lack of replace-by-fee in the Bitcoin Cash (BCH) protocol makes Bitcoin Cash more secure, as unconfirmed transactions are *effectively** irreversible.

Is Bitcoin Cash a fork?

It is considered a 'fork' of Bitcoin, although proponents argue that Bitcoin Cash more closely adheres to the original vision of creating a peer-to-peer electronic cash system as laid out in a 2008 white paper written by the founder of the protocol, a person or group going by the pseudonym Satoshi Nakamoto. What is Bitcoin Cash used for?

What happened to Bitcoin Cash (BCH)?

Bitcoin Cash (BCH), the 24th largest cryptocurrency by market capitalization as of year-end 2021 and the most prominent of the dozens of different bitcoin forks, had its own split on Nov. 15, 2018, into Bitcoin Cash and Bitcoin SV. 1 2