Bitcoincash

Bitcoin Cash (BCH) is a decentralized, open-source cryptocurrency that emerged from a hard fork of the Bitcoin (BTC) blockchain in August 2017. It functions as a digital currency, leveraging blockchain technology to facilitate and track transactions through a digital ledger. Bitcoin Cash aims to address scalability concerns by implementing larger block sizes compared to Bitcoin, with current average block sizes around 8MB versus 1MB on the Bitcoin network.

The primary goal of Bitcoin Cash is to enable it to scale from around 100 transactions per second to over 5,000,000 transactions per second through protocol improvements and mass parallelization. It also aims to improve the payment experience by ensuring instant and reliable transactions that are secure within three seconds. Additionally, Bitcoin Cash strives to make the protocol extensible, allowing for future improvements to be less disruptive and providing a solid base for businesses and developers.

Bitcoin Cash's underlying ideology aligns with the principles outlined in Satoshi Nakamoto's original whitepaper, emphasizing an inclusive, stable, and free currency from government or banking manipulation. It positions itself as closer to the original vision for Bitcoin than the current Bitcoin network.

In terms of adoption, Bitcoin Cash has garnered a significant user base, with over 6,000,000 users on the Indian exchange WazirX alone. However, it remains a controversial topic, with detractors viewing its creation as an attempt to supplant Bitcoin as the dominant cryptocurrency.