Bitcoin Cash is peer-to-peer electronic cash for the internet. It is fully decentralized, with no central bank, and requires no trusted third parties to operate.
It was created in August 2017 and is essentially a clone of the original Bitcoin blockchain but has increased block size capacity (from 1 MB to 8 MB) which improves its ability to grow and scale.
The original Bitcoin uses 1 MB block sizes, but Bitcoin Cash supporters believed a larger block size could better serve the currency during its scaling process. So on August 1, 2017, the Bitcoin blockchain forked into two different chains. Bitcoin still uses 1 MB blocks, while the newly-formed Bitcoin Cash uses 8 MB block sizes.
What is the ticker symbol for Bitcoin Cash?
It is represented by a number of different ticker symbols depending on the service or wallet.