Who created it
BCH was launched as a hard fork of Bitcoin by a group of developers and miners; an early implementation was Bitcoin ABC. Among the parties often mentioned as helping to promote the name/launch are ViaBTC and other industry participants. BCH has no single “founder” (it is a fork supported by a decentralised community).
Why it was created
To preserve and strengthen the idea of “peer-to-peer electronic cash”: cheap, fast on-chain payments and scaling the network via a larger block size to reduce fees and avoid congestion.
How it’s used
- Low-fee P2P transfers (person-to-person)
- Paying for goods/services with merchants (online and offline)
- International transfers / remittances
- Micropayments and tipping
- Business payments without chargebacks (as with cards)
- Tokens and simple on-chain assets via token protocols in the BCH ecosystem
Risks
- High volatility: the price can move sharply on news, market sentiment and liquidity.
- Competition risk among “payment coins”: BCH competes with BTC (via L2s like Lightning), LTC, stablecoins and fast L1/L2 networks where UX and liquidity are often stronger.
- Narrative risk: if the market believes less in BCH as “digital cash”, demand may fall even if the network runs normally.
- Hard fork and community-dispute risk: BCH’s history includes splits; renewed conflicts can weigh on price and trust.
FAQ
- Question: Is Bitcoin Cash the same as Bitcoin?
- Answer: No. BCH emerged as a hard fork of Bitcoin on 1 August 2017 and is a separate blockchain and asset (BCH ≠ BTC).
- Question: Why did BCH increase the block size?
- Answer: To process more transactions on-chain and reduce fees/congestion, making the network more practical for everyday payments.
- Question: What is BCH’s maximum supply?
- Answer: The maximum is 21,000,000 BCH; issuance slows over time via halvings and ends roughly around 2140.
- Question: Does Bitcoin Cash support tokens?
- Answer: Yes, the BCH ecosystem has token protocols/mechanisms for issuing and managing tokens.
ProofAlt
