What does Bitcoin Cash do?
Bitcoin Cash (CRYPTO:BCH) is a peer-to-peer electronic cash system that enables instant, low-cost payments to anyone in the world. BCH is a fork of the Bitcoin blockchain that was created in August 2017 to increase the block size limit and improve scalability. BCH is operated by a decentralized network of miners and nodes. Transactions on the BCH network are verified by miners, who are rewarded with BCH for their work. Nodes help to secure the network by storing a copy of the blockchain and relaying transactions to other nodes. Bitcoin Cash is used by a variety of merchants and businesses around the world. It is also used by individuals to send and receive payments quickly and cheaply. The Bitcoin Cash project is led by a decentralized autonomous organization (DAO) called the Bitcoin Cash Association. The DAO is responsible for promoting and developing the BCH ecosystem.