What is Bitcoin Cash?
Symbol: BCH · Market cap rank: #21
Short answer
Bitcoin Cash (BCH) is a cryptocurrency currently ranked #21 by market capitalisation. It is classified as Layer 1 (L1).
Source: isthiscoinascam.com
Overview
Bitcoin Cash is a hard fork of Bitcoin. It includes a protocol upgrade intended to address on-chain capacity while avoiding Segregated Witness (SegWit). The project aims to keep the original economic rules of Bitcoin unchanged, with upgrades primarily implemented through hard forks.
Bitcoin Cash was released on 1 August 2017 as an upgraded version of Bitcoin Core software. Its main change increases the block size limit from 1MB to 8MB. The description characterizes this as enabling substantially higher transaction throughput compared with Bitcoin. The text also notes that a hash war in November 2018 led to a split between Bitcoin SV and Bitcoin ABC.
Launched: 2017
Scam-risk analysis
Bitcoin Cash is rated CCC on isthiscoinascam.com. Is Bitcoin Cash a scam?
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