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What is Bitcoin Cash?

What is Bitcoin Cash?


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Published in Stocks and Investing on by AOL   Print publication without navigation

Bitcoin Cash is considered a faster and cheaper alternative to Bitcoin and was created in 2017 after Bitcoin experienced a hard fork in its blockchain. Here's how Bitcoin Cash came to be and what you need to know about its purpose within the crypto universe.

The article from AOL Finance discusses the recent performance and market dynamics of Bitcoin Cash (BCH), a cryptocurrency that emerged from a hard fork of Bitcoin in 2017. It highlights Bitcoin Cash's attempt to address some of Bitcoin's scalability issues by increasing the block size, which allows for more transactions to be processed per block. The piece notes a significant price surge in Bitcoin Cash, attributing it to increased adoption, speculative trading, and broader market trends favoring cryptocurrencies. It also mentions the ongoing debate within the crypto community about the utility and future of Bitcoin Cash compared to Bitcoin, with some investors and traders showing renewed interest due to its lower transaction fees and faster transaction times. However, the article cautions that like all cryptocurrencies, Bitcoin Cash remains highly volatile and subject to regulatory scrutiny and market speculation.

Read the Full AOL Article at:
[ https://www.aol.com/finance/bitcoin-cash-210618420.html ]

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