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LogoutBitcoin cash is a cryptocurrency created in August 2017, from a fork of Bitcoin.1 Bitcoin Cash increased the size of blocks, allowing more transactions to be processed and improving scalability.
The cryptocurrency underwent another fork in November 2018 and split into Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision).2 Bitcoin Cash is referred to as Bitcoin Cash because it uses the original Bitcoin Cash client.
KEY TAKEAWAYS
- Bitcoin Cash is the result of a Bitcoin hard fork that occurred in August 2017.
- Bitcoin Cash was created to accommodate a larger block size compared to Bitcoin, allowing more transactions into a single block.
- Despite their philosophical differences, Bitcoin Cash and Bitcoin share several technical similarities. They use the same consensus mechanism and have capped their supply at 21 million.
- Bitcoin Cash itself underwent a fork in November 2018 and split into Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision). Bitcoin Cash ABC is referred to as Bitcoin Cash now.