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When did Bitcoin Cash fork?

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Apr 25, 2024 pm 01:55 PM

BlockchainBitcoincryptocurrencyHigh scalability

Bitcoin Cash forked from the Bitcoin blockchain on August 1, 2017 due to differences between the Bitcoin team and the Bitcoin Cash team over block size limits. After the fork, Bitcoin Cash’s block size was increased to 8MB, the difficulty adjustment algorithm was changed, and transaction fees were lower. Bitcoin Cash subsequently underwent several major upgrades, including activating the SegWit2x hard fork, introducing the cash address format, and implementing Schnorr signatures and Taproot.

When did Bitcoin Cash fork?

Bitcoin Cash Fork Time:

Bitcoin Cash forked from Bitcoin on August 1, 2017 Blockchain.

Reason for the fork:

The fork of Bitcoin Cash was caused by differences of opinion between the Bitcoin Core development team and the Bitcoin Cash development team. The disagreement centers on block size limits. Bitcoin’s core development team believes the 1MB block size limit should remain, while Bitcoin Cash’s development team believes the block size should be increased.

Changes after the fork:

Bitcoin Cash and Bitcoin have the following major changes after the fork:

BlockSize: Bitcoin Cash’s block size increased to 8MB, while Bitcoin’s block size remained at 1MB.
Difficulty adjustment algorithm: Bitcoin Cash adopts a new difficulty adjustment algorithm designed to make block times more stable.
Transaction Fees: Bitcoin Cash transaction fees are generally lower than Bitcoin.

Follow-up development:

Bitcoin Cash has experienced several major upgrades since the fork, including:

May 2018: Bitcoin Cash activated the SegWit2x hard fork, increasing the transaction capacity on the chain.
November 2018: Bitcoin Cash activated a new cash address format to improve user experience.
May 2020: Bitcoin Cash activates new upgrades including Schnorr signatures and Taproot to improve scalability and privacy.

Today, Bitcoin Cash remains an active and recognized cryptocurrency with its own blockchain, community, and development team.

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