Bitcoin Cash (BCH)
Do you remember the hard fork from Bitcoin we mentioned in previous topics? It gave birth to Bitcoin Cash. Bitcoin kept the original features, but the child Bitcoin produced, underwent some tech changes.
The purpose of creating BCH was to make sure that they would solve some problems Bitcoin faces. The problems come from scalability and transaction fees. Bitcoin Cash has faster transactions that are better than Bitcoin because the block size in BCH is 8MB and the one in Bitcoin is 1MB.
The average transaction fees are about $1.8 for Bitcoin while the one for BCH is $0.067. It was launched in 2016 and has grown quickly from $500 in July 2017 to about $4000 in December the same year.
