Magazine

Bitcoin cash BCH

As the Bitcoin network has grown, its transaction speed has lessened, turning Bitcoin itself into more of a store of value than a “peer-to-peer currency” as it was originally envisioned to be. In response to this, in 2017, a group of developers copied Bitcoin’s code, making small changes to it. The most important of them was an increase in the network’s maximum possible transaction speed. The network and a cryptocurrency that resulted from their efforts are now called Bitcoin Cash, which is meant to be a faster version of Bitcoin. Due to this, miners can create blocks and earn a block reward in less time. Despite all of this, as a cryptocurrency, Bitcoin Cash functions in largely the same way as Bitcoin.

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