Bitcoin Cash is a new version of Bitcoin, that is, its split or hard fork. A hard fork is a new blockchain created from the existing one. Thus, Bitcoin Cash is Bitcoin’s blockchain.

Bitcoin Cash is both the payment system and the form of payment. Initially, its symbol was BCC. Later, some exchanges and exchange services began using ВСН to avoid confusion with the tokens of the Bitcoin network.

History

When Bitcoin gained in popularity, the network load increased significantly. The confirmation of transactions was delayed and the processing time slowed down. Bitcoin developers had to initiate a fork of the Bitcoin blockchain to increase the block size. Since a blockchain cannot be changed or erased, both forks started to exist independently. The second network was dubbed Bitcoin Cash. The new blockchain was made up of 8MB blocks.

Pros of Bitcoin Cash:

– small commission

– speedy transactions

– safety

– convenience for miners and investors

Bitcoin Cash vs Bitcoin:

Small commission for transaction. Users who want to save on transactions use Bitcoin Cash.
Instant transaction confirmation. Bitcoin Cash’s transaction throughput per second is higher than Bitcoin’s.
Scalability. The size of Bitcoin block is 1MB, while Bitcoin cash blocks are 8MB in size. The Bitcoin block contains 2,500 transactions, whereas for the first BCH blocks, this figure reached 7,000.

Bitcoin Cash price dynamics shows that this digital currency is constantly developing. Its every drop in value is followed by growth, which is beneficial for both investors and those making a transaction.

Cryptocurrency market experts believe that, despite all the difficulties, Bitcoin still has a lot of potential. That is why the hard fork will not be able to outperform its "big brother" in the near future. At the same time, there is a growing demand for the digital coin among miners and investors.