Crypto Almanac - Part 52 Beginners Guide
Source. Crypto info.com
What is Bitcoin Cash?
Bitcoin Cash was a hard fork (basically a copy) of the original Bitcoin blockchain that was created in August 2017. The reason Bitcoin Cash was created was to increase the Bitcoin block size to 8MB which allows for far more transactions to take place on the network than can currently take place on the original Bitcoin blockchain.
Bitcoin Cash has lower transaction fees than Bitcoin and is more scalable due to the increased block size. It is intended to be a currency rather than a 'store of value' or speculative asset, which is what a lot of people now accept the original Bitcoin as having become.
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