What do I need to know about Bitcoin Cash?
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Bitcoin Cash (BCH) was created to be an alternative to Bitcoin, something for everyday transactions if crypto becomes widely accepted as a currency.
The number of transactions that can be processed every second is an important measuring stick. For example, Visa credit cards process around 2000 transactions per second and is capable of handling a lot more. Bitcoin maxes out at about 7 transactions per second. This rate is fine if crypto is only ever going to be used infrequently to buy something like a car, but not if it needs to be flexible enough to also pay for an Uber or get groceries.
Bitcoin Cash, with the capacity to support more than 100 transactions per second, is helping to show that crypto could one day be a viable option even at the checkout line.
Quick facts
Bitcoin Cash is a "hard fork", or branching off, of Bitcoin that eventually became its own separate crypto due to philosophical differences about the purpose of Bitcoin.
While Bitcoin can process about 7 transactions per second, Bitcoin Cash can support more than 100 transactions per second.
Worth searching to learn more about Bitcoin Cash
* Hard fork
* Altcoins
* Bitcoin SV