Bitcoin Cash (BCH), a fork of Bitcoin created in 2017, aimed to improve scalability by increasing block size, enabling more transactions. This attracted crypto enthusiasts, making it a top-20 cryptocurrency. Despite differences, BCH shares similarities with Bitcoin, including a 21 million coin limit and a 10-minute block time. Both use the SHA-256 mining algorithm. BCH functions technically like Bitcoin, employing nodes for transaction validation and a Proof-of-Work (PoW) consensus. Miners secure the network and are rewarded with BCH. However, BCH offers faster transactions and lower fees due to its larger block size, making it suitable for smaller transactions. It also supports smart contracts, unlike Bitcoin. Bitcoin Cash also excludes Segregated Witness (SegWit) which optimizes block ...
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