Bitcoin Cash

Bitcoin Cash (BCH) Product Introduction

• Background and Origin: Bitcoin Cash (BCH) is a cryptocurrency that emerged from a hard fork of Bitcoin (BTC) in 2017, aimed at addressing scalability issues within the Bitcoin network. Due to disagreements in the community over Bitcoin’s SegWit upgrade and block size limits, BCH was created to offer larger block sizes for increased transaction processing capacity.
• Core Technical Features: BCH operates as a decentralized peer-to-peer electronic cash system with a significantly higher block size limit than Bitcoin, supporting around 25,000 transactions per block (compared to Bitcoin’s 1,000-1,500). This enables faster transaction confirmations and lower fees. BCH does not implement SegWit, focusing on on-chain scaling rather than second-layer solutions.
• Primary Functions and Use Cases: Positioned as sound global money, BCH emphasizes fast payments, micro fees, and privacy protection. It is suitable for daily transactions, merchant payments, and cross-border transfers, with its decentralized and permissionless nature ensuring users do not rely on third-party intermediaries.
• Development and Updates: Since its inception, BCH has undergone further forks (such as the 2018 split into BCH and BSV) and continuous technical upgrades. Recent developments include support for smart contracts and decentralized finance (DeFi) applications like CashTokens, enhancing its functionality and versatility.
• Market Performance: BCH has a total supply cap of 21 million coins, identical to Bitcoin. Historically, its price has seen significant volatility, peaking at approximately $4,355 in December 2017, followed by a bear market decline, and rebounding to around $1,636 in May 2021.
• Advantages and Value: BCH offers advantages such as low fees, quick confirmations, and higher transaction throughput, making it ideal for efficient payment scenarios. Its decentralized structure also appeals to users seeking financial freedom.
• Community and Ecosystem: BCH benefits from an active developer community and supporters dedicated to promoting global adoption and unrestricted growth, emphasizing open innovation and decentralized development.
  In summary, Bitcoin Cash (BCH), as a fork of Bitcoin, focuses on being an efficient peer-to-peer electronic cash system, leveraging technological improvements and community support to expand its use cases in payments and DeFi applications.