Bitcoin cash increases the size of blocks allowing more transactions to be processed. Bitcoin cash is a cryptocurrency created in august 2017 from a fork of bitcoin. Bitcoin cash detractors call the cryptocurrency bcash btrash or a scam while its supporters maintain that it is the pure form of bitcoin.
The bitcoin cash faction favors the use of its currency as a medium of exchange for commerce while the bitcoin supporting faction view bitcoin s primary use as that of a store of value. All transactions are recorded on a global public ledger called the blockchain. Bitcoin is a decentralized peer to peer electronic cash system that does not rely on any central authority like a government or financial institution.
Comparatively the largest bitcoin pool controls around 17 7 of the hash rate whereas the top three contribute under 47. Right now a single pool controls more than a quarter of the bitcoin cash hash rate whereas the top three pools combined make up over 55 of the hash rate. Bitcoin cash can also be considered more centralized than bitcoin.
It was created at the end of 2016 making it much younger than bitcoin. It works just like a digital currency and new bch bitcoin cash is created through bitcoin cash mining. Like bitcoin bitcoin cash is a cryptocurrency with its own blockchain.
Bitcoin cash is thus able to process transactions more quickly than the bitcoin network meaning that wait times are shorter and transaction processing fees tend to be lower.
