Bitcoin Cash is a fork of the Bitcoin blockchain that was created in 2017. The fork was the result of a long-standing debate within the Bitcoin community about the best way to scale the network and increase its capacity to handle more transactions.
The debate centered around the block size limit of the Bitcoin blockchain. Bitcoin’s original code had a block size limit of 1MB, which meant that the network could only process a limited number of transactions per block. As more people began to use Bitcoin, this limit became a bottleneck, leading to slow transaction times and high fees.
One group of Bitcoin developers and users proposed increasing the block size limit to 8MB, which they believed would solve the scalability issues and allow for more transactions to be processed on the network. This group became known as the Bitcoin Cash supporters.
The other group of Bitcoin developers and users opposed the increase in block size, arguing that it would centralize the network and make it more vulnerable to attack. They proposed alternative solutions, such as the implementation of the SegWit upgrade and the development of off-chain solutions such as the Lightning Network.
In the end, the two groups could not come to a consensus, and the Bitcoin Cash fork was created. The Bitcoin Cash blockchain has a block size limit of 8MB, allowing for more transactions to be processed per block. However, it is important to note that the Bitcoin Cash network is a separate network from the Bitcoin network, with its own set of rules, regulations, and developers.
In conclusion, the fork that created Bitcoin Cash was the result of a long-standing debate in the Bitcoin community about the best way to scale the network and increase its capacity to handle more transactions. The Bitcoin Cash supporters believed that increasing the block size limit was the solution, while the other group opposed it, leading to the creation of a separate network. Both Bitcoin and Bitcoin Cash networks still exist and used by different communities.
