Don’t fret. We’ve compiled a FAQ for you below—dive in and explore.
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.
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.