Launched in 2017, Bitcoin Cash is a split of the prominent cryptocurrency Bitcoin. The concept of Bitcoin Cash was propagated by developers with concerns over scalability in the BTC blockchain. This led to a hard fork in the Bitcoin blockchain and thus came Bitcoin Cash (BCH). It offers the same principal features as Bitcoin, but with greater potential of scalability in its blockchain network.
BCH enables larger block size and thus possesses the capacity to process transactions at a faster scale. The shorter transaction time also leads to lower transaction fees. Over the years, Bitcoin Cash has also incorporated new features including increasing the amount of data stored on each block and facilitating developers to create new tokens on its blockchain.
The supply of BCH tokens is 21 million, the same as Bitcoin. Through halvings, the new BCH produced will gradually decline over time. One of the use-cases of BCH is considered to be its usability as a payment method due to its ability to scale quickly.
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