Bitcoin Cash (BCH) actually stands alone as a separate ecosystem from Bitcoin (BTC). Although BCH was born from Bitcoin through a hard fork in 2017, both now have separate blockchains, miners, and communities.
Main Differences:
- Block Size: Bitcoin Cash has a larger block size of up to 32 MB, compared to Bitcoin's only 1 MB. This allows BCH to process more transactions in a single block.
- Transaction Fees: BCH offers lower transaction fees compared to Bitcoin.
- Transaction Speed: Bitcoin Cash is designed for fast and efficient everyday transactions.
- Purpose of Use: Bitcoin Cash focuses on being a daily payment tool, while Bitcoin is more considered as a store of value or "digital gold."
Capabilities and Support:
- Community: Although the Bitcoin Cash community is smaller compared to Bitcoin, BCH still has an active community and dedicated developers.
- Exchange Support: Bitcoin Cash is supported by several major crypto exchanges and has been listed on platforms such as EDX Markets, which also supports Bitcoin, Ethereum, and Litecoin.