$BCH
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Here's the detailed information about the cryptocurrency associated with the number 109:
Bitcoin Cash (BCH)
Overview: Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that was created as a result of a hard fork from Bitcoin (BTC) in 2017. The primary goal of Bitcoin Cash is to provide a more scalable and efficient solution for everyday transactions compared to Bitcoin. Bitcoin Cash aims to be used as a global digital currency for payments, allowing faster and cheaper transactions.
Key Features:
Increased Block Size: One of the main differences between Bitcoin and Bitcoin Cash is the block size. Bitcoin Cash increased the block size limit from Bitcoin's 1 MB to 8 MB (initially) and has since increased it further, allowing more transactions to be processed in each block and reducing congestion on the network.
Lower Transaction Fees: With the larger block size and increased capacity, Bitcoin Cash aims to offer significantly lower transaction fees compared to Bitcoin, making it a more practical option for smaller, everyday payments.
Fast Transaction Speed: Bitcoin Cash processes transactions more quickly than Bitcoin, with the goal of enabling fast, low-cost transactions that can be used for a wide range of applications.
BCH Token: BCH is the native token of the Bitcoin Cash network. It is used as a medium of exchange for transactions and can also be used for peer-to-peer transfers, purchases, and as a store of value.
Proof-of-Work (PoW): Like Bitcoin, Bitcoin Cash uses a Proof-of-Work (PoW) consensus mechanism, where miners solve complex mathematical problems to validate transactions and secure the network.
Use Cases:
Everyday Transactions: Bitcoin Cash is designed to be used as a digital currency for everyday payments, including online and in-store purchases, and for international remittances. Its low fees and fast processing times make it an appealing option for microtransactions and daily transactions.
