Bitcoin Cash BCH

Bitcoin Cash is a hardfork of the original Bitcoin protocol that was created in 2017 after the great “block-size debate.” In November 2018, Bitcoin Cash split further into: Bitcoin Cash and Bitcoin SV.

Back in 2016, the Bitcoin community was going through the great “block-size” debate, aka should the size of the individual Bitcoin blocks be increased or not. While most of the network was against this idea, there was a vocal minority led by Roger Ver and Jihan Wu, who were pro-blocksize. Eventually, the two parties split from each other.

A fork is a split in the blockchain’s state. This usually happens when the community has split into two due to a disagreement in the way they want to network to proceed. The Bitcoin Cash fork is a “hard fork,” meaning they are a unique chain that’s not backward compatible with the Bitcoin chain.

You can buy BCH tokens with your CAD, USD, and EUR in CoinSmart.

You can keep track of Bitcoin Cash’s price in real-time here.

Bitcoin Cash is the hard-fork of the original Bitcoin protocol and has a block size of 8 MB instead of Bitcoin ~1 MB. Plus, Bitcoin has integrated the SegWit protocol (a sidechain that frees up space in the main block), which Bitcoin Cash hasn’t.

Bitcoin Cash uses the proof-of-work (PoW) consensus mechanism. Learn more about PoW here.