Bitcoin Cash was established through a hard fork of Bitcoin on August 1, 2017, which introduced a new version of the database with different rules.
Bitcoin Cash was created as a result of facing Bitcoin's prolonged expansion problem.
It works by migrating from the main Bitcoin blockchain database to the new version, so the software has more transaction capacity (8MB to be exact).
Bitcoin Cash is the result of a Bitcoin hard fork that happened in August 2017.
Bitcoin Cash was created to allow more transactions in a single block, theoretically decreasing the fees and transaction times.
Despite their philosophical differences, Bitcoin Cash and Bitcoin share several technical similarities: They use the same consensus mechanism and have capped their supply at 21 million coins.
Bitcoin Cash itself underwent a fork in November 2018 and split into Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision). In 2021, Bitcoin Cash ABC changed its name to eCash.
Bitcoin Cash continues to trade at a fraction of Bitcoin's price but has yet to achieve widespread consumer acceptance as a form of payment.
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