Bitcoin Cash (BCH) is a cryptocurrency that emerged in 2017 as a result of a hard fork of Bitcoin. It aims to address the scalability limitations faced by Bitcoin by increasing the block size and reducing transaction fees. This allows for faster and cheaper transactions, making it attractive for everyday commerce. Bitcoin Cash has also introduced smart contract functionality, similar to Ethereum, opening up opportunities for decentralized applications (dApps) on its blockchain. Its focus on fast and low-cost transactions has led to growing adoption by merchants, increasing the value and usefulness of the digital currency. However, Bitcoin Cash faces competition from other cryptocurrencies and ongoing debates over block sizes and scaling solutions. Looking forward, it aims to improve scalability through solutions like sharding and network optimization. The recent listing of Bitcoin Cash on the EDX exchange, sponsored by major financial institutions, adds legitimacy and may attract institutional investors, potentially increasing liquidity and market capitalization. Overall, the future of Bitcoin Cash looks promising, but it still has challenges to overcome.
Continue reading on Cryptonomist.ch
By
By
By
By
By
By