What is Bitcoin Cash (BCH) & how does it work?

What Is Bitcoin Cash (BCH), and How Does It Work? Bitcoin Cash (BCH) is a cryptocurrency that was created and launched to bring decentralization back to cryptocurrency. It is the result of a 2017 Bitcoin " hard fork ," which occurs when an existing blockchain splits into two.

Why is Bitcoin Cash called Bitcoin Cash?

The original Bitcoin was also growing towards being a store of value and not an electronic form of digital cash, as proposed by Satoshi Nakamoto. To reflect the founding team's goal of creating a more spendable electronic form of digital cash, it was named Bitcoin Cash.

What is Bitcoin SV (bcha)?

Ver is also referred to as “Bitcoin Jesus” by many crypto enthusiasts. Interestingly, Bitcoin Cash eventually had its own forks: Bitcoin Cash ABC (BCHA) and Bitcoin SV ( BSV ). The former is similar to the original Bitcoin Cash, with only a few differences.

Is Bitcoin Cash a Segregated Witness?

Bitcoin Cash is a different story. Bitcoin Cash was started by Bitcoin miners and developers equally concerned with the future of the cryptocurrency and its ability to scale effectively. However, these individuals had their reservations about the adoption of a Segregated Witness technology.