Why was Bitcoin Cash developed?

5 answers

• Dec 28, 2021 · 3 years ago
  Bitcoin Cash was developed as a result of a disagreement within the Bitcoin community regarding the scalability of the original Bitcoin network. Some members believed that the block size limit of 1MB was too small and hindered the network's ability to handle a large number of transactions. They argued that increasing the block size would allow for faster and cheaper transactions. This led to the creation of Bitcoin Cash, which has a larger block size of 8MB.
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• Dec 28, 2021 · 3 years ago
  Bitcoin Cash was developed to address the scalability issues of the original Bitcoin network. The developers believed that increasing the block size would improve transaction speed and reduce fees. By increasing the block size to 8MB, Bitcoin Cash aims to provide a more efficient and scalable cryptocurrency for everyday transactions.
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• Dec 28, 2021 · 3 years ago
  Bitcoin Cash was developed to offer an alternative to Bitcoin and provide a solution to its scalability issues. The developers behind Bitcoin Cash wanted to create a cryptocurrency that could handle a larger number of transactions and offer faster and cheaper transactions. By increasing the block size, Bitcoin Cash aims to provide a more scalable and user-friendly digital currency. At BYDFi, we believe that Bitcoin Cash has the potential to revolutionize the way we transact online.
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• Dec 28, 2021 · 3 years ago
  Bitcoin Cash was developed as a hard fork of Bitcoin, with the goal of creating a cryptocurrency that could handle more transactions and have lower fees. The developers behind Bitcoin Cash believed that the original Bitcoin network was becoming congested and needed a larger block size to accommodate the growing number of transactions. Bitcoin Cash aims to provide a decentralized digital currency that is fast, reliable, and accessible to everyone.
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• Dec 28, 2021 · 3 years ago
  Bitcoin Cash was developed to offer an alternative to Bitcoin and address its scalability issues. The developers believed that increasing the block size would allow for more transactions to be processed in each block, resulting in faster and cheaper transactions. Bitcoin Cash aims to provide a digital currency that is more suitable for everyday use and can scale to meet the demands of a global payment system.
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