So, instead of trying to reinvent the wheel or resolve a particular issue, the Bitcoin cash platform sticks to the original goals of the Bitcoin platform, as reflected in the lack of a proper white paper dedicated to it. Instead of it, Bitcoin Cash will present the user with the Satoshi Nakamoto’s original work and its objectives, adding its own technological twist to some of these goals.
For starters, Bitcoin Cash sees the attainment of the “electronic cash” goal as inseparable from improving transaction speeds. According to its proponents, the creation of genuine “digital money” justifies any technological intervention in the Bitcoin code to achieve the goal of making it an everyday payment tool, including the one suitable for paying for a cup of coffee. This meant that transaction time with Bitcoin Cash had to be shortened for the transfer of value compared to what is found on the Bitcoin’s chain. This points to the shift in focus regarding the purpose of BCH compared to BTC, with the Bitcoin Cash faction favoring the use of their crypto as a means of everyday exchange as opposed to it being mainly a platform for storing value.
So, considering the Bitcoin’s then transaction speed of seven operations per second, the Bitcoin Cash team went on to increase the Bitcoin’s original block size limit of 1MB to 8MB in order to supposedly speed up the verification process and provide adjustable difficulty levels. Increasing this limit was supposed to allow Bitcoin Cash to offer the performance levels approximating two million transactions processed per day.
All of this was supposed to offer higher transactions speeds and make the platform less dependent on miners than it is the case with Bitcoin. The change to the code should also allow for easier transfer among the crypto exchanges.