Bitcoin Cash (BCH) is a decentralized, open-source cryptocurrency that was created in 2017 as a result of a hard fork of the original Bitcoin (BTC) blockchain. The hard fork was the result of a long-standing disagreement within the Bitcoin community about the best way to scale the network and handle increasing transaction volume.
Bitcoin Cash was created to address some of the perceived limitations of the original Bitcoin network, including slower transaction times and higher fees. It increases the block size limit on the Bitcoin blockchain from 1 MB to 8 MB, allowing for faster and cheaper transactions.
The BCH token is the native cryptocurrency of the Bitcoin Cash network and is used to pay for transactions and computational services on the platform. It can also be traded on various cryptocurrency exchanges and used as a form of investment.
Despite its larger block size and faster transaction times, Bitcoin Cash has a much smaller network and market capitalization compared to Bitcoin. As a result, it may be considered a higher risk investment compared to other, more established cryptocurrencies.
As with any investment, it is important to thoroughly research the opportunities and risks involved before making any investment decisions. This is especially true in the highly volatile cryptocurrency market, where prices can fluctuate rapidly and unpredictably.
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