Bitcoin Cash is Bitcoin’s fork. A fork means the original Bitcoin source code was copied and worked on independently from the original repository. The reason was simple: limitations in block size on Bitcoin’s blockchain lead to scaling issues once Bitcoin transactions became so popular. The solution was to increase the block size from 1MB to 8MB.
Essentially, Bitcoin Cash preserved the original idea behind Bitcoin: fast, secure, and cheap transactions, and using Bitcoin as electronics cash. Further upgrades are in progress to make Bitcoin Cash even better, with 32MB blocks and lightning-fast transactions.
Bitcoin Cash traded for an all-time high of $3,785.82, but its price way lower today. Actually, the whole Bitcoin vs Bitcoin Cash feud can be understood as a fight between using Bitcoin as a trading asset (original Bitcoin - BTC) and using it for transactions and electronic cash (Bitcoin Cash - BCH).
How is BCH different from BTC - read hereBCH Payment benefits:
What else?Q: Where is Bitcoin Cash accepted?A: Places that accept Bitcoin Cash can be found in our blog post. For example, Menufy or eGifter are some of the big names.Q: Is Amazon accepting Bitcoin Cash at the moment?A: Currently (March 23, 2021) Amazon is not one of the places with Bitcoin Cash accepted. But you can buy amazon gift cards with Bitcoin Cash on eGifter, for example.Q: How to pay with Bitcoin Cash?A: Find a suitable Bitcoin Cash wallet and find websites that accept Bitcoin Cash.Q: How to accept Bitcoin Cash?A: To join the Bitcoin Cash Accepted movement, browse our crypto payment solutions.
- High Speed
Bitcoin Cash transactions times are faster when compared to Bitcoin. You can check Bitcoin Cash transactions on various explorers.
- Lower fees
A Bitcoin Cash average transaction fee tends to be lower compared to Bitcoin, with a typical BCH transaction costing less than a cent.
- Literally made for payments
Bitcoin Cash is meant to be used as a payment system