What is Bitcoin Cash? What are the characteristics of Bitcoin Cash?

Bitcoin Cash: A forked digital currency

Bitcoin Cash (BCH) is a forked digital currency derived from Bitcoin. Born on August 1, 2017.

Features:

• Higher Block Capacity: Bitcoin Cash has 8 times the block capacity of Bitcoin, which means it can handle more transactions, thereby increasing Transaction speed.
• Lower Transaction Fees: Bitcoin Cash generally has lower transaction fees than Bitcoin due to higher block capacity.
• Faster confirmation times: Bitcoin Cash’s average confirmation time is approximately 10 minutes, which is shorter than Bitcoin’s 1 hour.
• Greater scalability: Bitcoin Cash’s developer community is working to improve its scalability so that it can handle more transactions.
• Community Support: Bitcoin Cash has an active community that supports its development and adoption.

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