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Bitcoin Cash history

Bitcoin Cash is a cryptocurrency created in August 2017, arising from a fork of Bitcoin Classic. Bitcoin Cash increases the size of blocks, allowing more transactions to be processed. Bitcoin Cash differs from Bitcoin Classic in that it increases the block size from 1 MB to 8 MB. It also removes Segregated Witness (SegWit), a proposed code adjustment designed to free up block space by removing certain parts of the transaction.

About Bitcoin Cash
Bitcoin Cash functionality

Bitcoin Cash functionality

The goal of Bitcoin Cash is to increase the number of transactions that can be processed, and supporters hope that this change will allow Bitcoin Cash to compete with the volume of transactions that PayPal and Visa can handle by increasing the size of blocks. Because the computer power required to process larger blocks could price out some smaller miners, critics worry that adopting Bitcoin Cash's approach will lead to power being concentrated in the hands of companies that can afford more and better equipment. Since the issue of scalability tends to be at the forefront of cryptocurrency debates, developers have made increasing block size and improving transaction processing speeds their top focus areas.

Bitcoin Cash Market Cap

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