Bitcoin Cash

Overview

Bitcoin Cash (BCH) emerged in 2017 as a hard fork of Bitcoin, created with the primary purpose of solving Bitcoin's scalability issues by increasing the block size to 32MB, enabling more transactions per block and lower fees.

Purpose and Utility

The intended purpose of BCH is to serve as a peer-to-peer electronic cash system that enables fast, low-cost payments. This aligns with its current usage, as BCH continues to be accepted by numerous merchants worldwide for commercial transactions.

Business Model Analysis

The business model of Bitcoin Cash is straightforward and transparent: it operates as a decentralized payment network without intermediaries. The protocol does not involve interest-bearing products, gambling, or other prohibited activities.

Real-World Adoption

BCH has achieved notable merchant adoption, with thousands of businesses accepting it as payment. The network processes a significant number of daily transactions, demonstrating practical utility as a medium of exchange.

Platform Development

Bitcoin Cash maintains active development through multiple node implementations. The ecosystem shows continuous improvement with regular protocol upgrades and maintenance.

Token Distribution

As a fork of Bitcoin, BCH inherited its fair distribution model. There was no pre-mine or ICO, and coins are created through mining, following a predetermined schedule. No single entity controls a majority of the supply.