Bitcoin Cash is a new cryptocurrency designated as BCH which stemmed from the fork in the original Bitcoin blockchain. What does using Bitcoin Cash do for you? If you enjoy lightning fast transactions that run on a network that is never congested, want to send money globally for almost free, don’t want any hassles, want a system that is proven, and want the most robust blockchain technology then this is the payment method for you. Many refer to Bitcoin Cash as Bitcoin’s offspring.
Other advantages include a bigger block size, replay with wipeout protection, and a new transaction type with additional benefits such as input value signing for improved hardware wallet security, and elimination of the quadratic hashing problems. Bitcoin’s block size limit remains at one megabyte (allowing for ~250,000 transactions per day), Bitcoin Cash has increased the limit to 8MB, allowing for around two million transactions to be processed per day.
Bitcoin Cash users say that there is very little noticeable difference on the frontend when using either Bitcoin or Bitcoin Cash except for the equal hashrate, with BCH protocols allowing for more transactions per second which translates to faster payments and lower fees. Some of the many exchanges that support Bitcoin Cash (BCH) include GDAX, Kraken, Bitfinex, Bittrex, ViaBTC, Huobi, OkCoin, Bitthumb, Korbit, and CoinOne. Poloniex has announced support, but has not yet implemented trading.
