Bitcoin changed significantly in 2017 when there was an upgrade to the Bitcoin protocol which caused a chain-split. The result was two-Bitcoins, both represent an implementation of Bitcoin the idea, but both with two different paths forward. The non-upgraded version or legacy implementation kept the name and ticker Bitcoin (BTC), and is now used as a settlement layer for offchain transactions, with the idea and focus to be "digital gold." The upgraded version or newer implementation has the ticker and name Bitcoin Cash (BCH), and is upgraded with onchain scaling and merchant adoption while being focused on the original idea of "digital cash" for the world.
What is Bitcoin Cash (BCH)? Bitcoin Cash (BCH) is the upgraded version of Bitcoin, which dates back to the Genesis Block in 2009, sharing the same blockchain from day one. Bitcoin Cash addresses all the scalability issues that Bitcoin (BTC) has. Bitcoin Cash (BCH) continues on with the original idea of a peer-to-peer digital cash system that is decentralized and does not rely on third-parties. It aims to become sound global money with fast and secure payments, micro-fees, privacy layers, high transaction capacity, bigger blocks, while still keeping the original attributes of Bitcoin like a 21 million coin supply limit and proof-of-work.
What is Bitcoin (BTC)? Bitcoin (BTC) is the legacy version of Bitcoin, which isn't recommended for use outside of holding it as a collectible and speculating on it's price. Since BTC is the non-upgraded version, it struggles with scaling and has moved all of it's scaling offchain using layer-two custodians. For example, BTC attempts to make use of the Lightning Network to scale, however to date the Lightning Network has been a failed endeavor unable to work in a decentralized way, being completely run by custodians.
Bitcoin Cash is the better upgraded version of Bitcoin for many reasons, but just to name a few key benefits, Bitcoin Cash has:
Low fees making it affordable worldwide
Fast and borderless transactions
Onchain scaling with an adaptable block size
Decentralized development and is open source
Smart contracts, DeFi, and Cash Tokens
Peer-to-peer protocol with no custodians needed
Secure transaction layer with zero confirmations
Immutable transactions that cannot be reversed
Transactions that are censorship resistant
Limited supply of only 21 million coins
All the original attributes of Bitcoin
Bitcoin Cash is important for the world because it offers a viable alternative to traditional financial systems that are often plagued by inefficiencies,
high fees, and lack of accessibility. By providing a decentralized, peer-to-peer electronic cash system, Bitcoin Cash empowers individuals to take control of their
finances and participate in the global economy without relying on intermediaries or centralized authorities.
It helps humanity by offering a more inclusive and equitable financial system. It enables people to send and receive money instantly, securely, and at a low cost, regardless of their location or socioeconomic status. This fosters financial inclusion and promotes economic growth in regions that may have been previously underserved by traditional financial services.
Bitcoin Cash is a better cryptocurrency than many others due to its commitment to the original vision of a decentralized, peer-to-peer electronic cash system. Its larger block size, lower transaction fees, and faster processing times make it more suitable for everyday use and global adoption. Additionally, its strong brand recognition, fair distribution, and open source decentralized development contribute to its credibility and long-term viability.
Overall, Bitcoin Cash is a powerful and transformative cryptocurrency that offers a range of benefits and advantages over other digital currencies. Bitcoin Cash provides freedoms to individuals who would otherwise still be subjected to state authority. Its commitment to the original vision of a decentralized, peer-to-peer electronic cash system makes it an ideal solution for empowering global financial freedom, promoting financial inclusion, and fostering economic growth.
As the world continues to embrace the potential of cryptocurrencies, Bitcoin Cash stands out as a leading contender in the race to revolutionize the way we transact and interact with money.
When I started learning and getting involved in Bitcoin in 2013, it was both a store of value and a means of exchange. Today, I continue onward but I do it with Bitcoin Cash (BCH), because its the upgraded working version of Bitcoin that follows the original idea of a…— DΛVID 🟢 (@DavidShares) January 22, 2024
Bitcoin Cash is a civilization-changing technology which will dramatically increase human freedom and prosperity.https://t.co/g2px6Ey7Xi— Roger Ver (@rogerkver) December 22, 2018
I told you Bitcoin is great from the very beginning. Did you get in or did you wait too long? Now I'm telling you to get involved in Bitcoin Cash too. It has the biggest upside potential and is currently undervalued. #BitcoinCash #Bitcoin— Kim Dotcom (@KimDotcom) January 7, 2021
Bitcoin Cash is what I started working on in 2010: a store of value AND means of exchange.— Gavin Andresen (@gavinandresen) November 11, 2017
Bitcoin Cash is a cryptocurrency with the goal to be a global payment system that can rival traditional fiat currencies. By increasing the transaction capacity and lowering the fees of the network, Bitcoin Cash has great potential to capture a large share of the cash market, which is estimated to be ten times the size of the gold market. This means that Bitcoin Cash has a huge opportunity to grow in value and adoption. Use the Bitcoin Cash price calculator to convert between BCH and USD.
Download Bitcoin Cash (BCH) graphics and logos which can be used online, in retail, press, or for other purposes.