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Bitcoin Cash (BCH) is a digital currency created in 2017 as a result of a fork from the original Bitcoin network. Its main goal is to serve as a convenient medium for everyday payments by addressing the scalability issues of the network. To achieve this, Bitcoin Cash increased the maximum block size to 8 MB (and later even larger), allowing it to process more transactions per second. The primary advantage of Bitcoin Cash is its low fees and consistent transfer speeds, even during periods of high network load. It retains many of Bitcoin's principles, including decentralization and a limited supply of 21 million coins, but emphasizes its role as a payment method rather than just a store of value. BCH is actively used for fast and cheap transfers, micropayments, and settlements with merchants worldwide. It is supported by many popular exchanges, wallets, and payment services.
Bitcoin Cash processes transactions with very low fees, typically fractions of a cent, and does so consistently quickly. The increased block size prevents network congestion, keeping transfers affordable and predictable even during peak hours, which is ideal for settlements and small payments.
BCH has a robust and active community of developers and entrepreneurs. It's supported by numerous exchanges, payment systems, wallets, and retail outlets worldwide. For users, this means easy access to buying, selling, and using the coin in real-life scenarios.
Bitcoin Cash builds on the same reliable and secure technological base as Bitcoin, but with a key improvement: larger block sizes. This technical solution makes the network resistant to overloads and ensures it remains fast and inexpensive to use, while preserving full decentralization and the reliability of the original protocol.