Bitcoin's twin: Let me warn you right away, Bitcoin Cash is not the paper version of the famous digital currency. Both cryptocurrencies aim to be digital currencies that can be used to exchange value around the world. Both have the same mining algorithm with the proof-of-work protocol, the same reward system, and the same ambition. Even in terms of units in circulation, the maximum number of tokens is 21 million, and a block is mined every 10 minutes, just like with authentic Bitcoin.
Bitcoin Cash is a fork of Bitcoin following differences within the Bitcoin community. This event took place on August 1, 2017, at 478,559 blocks. As a result of this split, there are now two different blockchains: the Bitcoin blockchain and the Bitcoin Cash blockchain (which is much less decentralized than its counterpart).
Features:
The native token of Bitcoin Cash is BCH. It is intended to be the continuation of the initial project of Satoshi Nakamoto, the creator of Bitcoin. It is a digital currency that allows value to be exchanged between wallet A and wallet B. While the consensus remains Proof of Work (PoW) for this cryptocurrency, the major change with Bitcoin is the size of the minable blocks. The queen of cryptocurrencies remains at a block size of 1 MB, while for BCH the size is 32 MB and is set to evolve to 1 TB. This blockchain will become increasingly heavy and therefore less and less accessible to users around the world. The system will therefore tend towards greater centralization.
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