Bitcoin Cash, also known as BCH or BCC, is a cryptocurrency that was created in August 2017 due to a hard fork from the original Bitcoin blockchain. The main difference between Bitcoin and Bitcoin Cash is their approach to scaling. While Bitcoin Cash aimed to increase the block size limit to allow for more transactions per second, Bitcoin opted for a different approach. As of now, Bitcoin Cash has a maximum block size of 32 MB, compared to Bitcoin’s 1 MB. This larger block size allows for faster and cheaper transactions on the Bitcoin Cash network. In addition, Bitcoin Cash has lower transaction fees than Bitcoin, making it more attractive for users who want to transact large amounts of value without incurring high costs. However, this comes at the expense of decentralization, as a smaller number of miners are required to validate each block compared to Bitcoin. Overall, Bitcoin Cash is an alternative cryptocurrency that aims to improve on some aspects of the original Bitcoin network, but it also has its own set of challenges and trade-offs.
Text model: silicon-masha
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