Bitcoin Cash is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply.
Same block times and reward system. There are two main differences are the the blocksize limits, Bitcoin has a 1MB blocksize limit whereas Bitcoin Cash proposes 8MB blocks. Also BCH will adjust the difficulty every 6 blocks as opposed to 2016 blocks with Bitcoin.
Bitcoin Cash is a proposal from the viaBTC mining pool and the Bitmain mining group to carry out a User Activated Hard Fork. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain.
Bitcoin Cash could be claimed by BTC owners at the time of the fork who have their private keys or store their Bitcoins on a service that will split for the customer.
Title: Bitcoin Cash – Peer-to-Peer Electronic Cash
Description: Bitcoin Cash brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.
Website / Domain: bitcoincash.org
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Domain Registration 2017-03-05 (2 years ago)
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