Bitcoin Cash enables peer-to-peer transactions with censorship resistance, similarly to Bitcoin. In general, Bitcoin Cash proponents believe that Bitcoin is not suitable for use as a replacement for money, as it is supposedly too expensive and slow to use in everyday situations. Indeed, the narrative surrounding Bitcoin has largely shifted towards presenting Bitcoin as a store of value rather than as an alternative form of money.
In contrast, many Bitcoin Cash supporters say that Bitcoin Cash is carrying on the vision of Satoshi Nakamoto, who introduced Bitcoin in 2008 as a peer-to-peer electronic cash system.
Regardless of the endless debates between supporters of Bitcoin and Bitcoin Cash, both cryptocurrencies can be used to send transactions anywhere on the globe on a 24/7 basis. Your personal preferences will be the deciding factor when it comes to which cryptocurrency you want to use.
The maximum block size of a Bitcoin Cash block is 32 megabytes, while the maximum block size of a Bitcoin block is one megabyte. Bitcoin Cash’s increased block size allows it to handle more transactions per second than Bitcoin, but the higher block size limit comes with its own downsides as well – for example, it is more expensive to operate a full node.
Many proponents of Bitcoin Cash say that the cryptocurrency is fulfilling Satoshi Nakamoto’s original idea of a peer-to-peer electronic cash. In general, the medium of exchange function of cryptocurrency is emphasized more strongly by the Bitcoin Cash community compared to the Bitcoin community.
While Bitcoin Cash is considerably smaller than Bitcoin, the coin has successfully established itself as one of the largest cryptocurrencies by market capitalization. BCH is listed by virtually all major cryptocurrency exchanges and is supported by several cryptocurrency wallets.