Bitcoin Cash (BCH) was created after a fork happened with Bitcoin and the leading cryptocurrency was split into Bitcoin and Bitcoin Cash (BCH). This is how the new version happened and was put into circulation.
In other words, Bitcoin Cash (BCH) originated as Bitcoin’s popularity grew and the transaction speed and scaling capabilities of the leading cryptocurrency began to get slower and full of bugs. As the number of users handling the coin was increasing, more people noticed the issues and demanded a solid solution.
Basically, the altcoin is an invention that came from the via BTC mining pool and the Bitmain mining group. It happened when they carried out a UAHF (User Activated Hard Fork) on August 1st, 2017. The original Bitcoin was then ‘forked’ and the new version was created – called Bitcoin Cash. The only way to claim it was by BTC owners who have their private keys or store their Bitcoins on a service that splits BCH for the customer.
Instead of creating a totally new cryptocurrency like Litecoin or IOTA or Ripple, BCH was born through a fork which means that it was duplicated from Bitcoin;’s history with all the past transactions on Bitcoin Cash’s new blockchain being identical to the regular Bitcoin blockchain. However, all of the future transactions following the fork have been totally independent of each other.
This cryptocurrency received a lot of support from various exchanges and wallet providers. The surprising thing is that the support it got was in such a short period of time and more importantly by who it got it. Popular exchanges such as Coinbase, Kraken, and Bittrex showed the greatest support. As far as wallet providers are concerned, we can also see some famous names such as Jaxx, Trezor, and Exodus. BCH acceptance is very comparable to any other successful cryptocurrency. Many merchants now accept bitcoin cash and some of the most popular is Microsoft. It is expected that bitcoin cash will do more than BTC in infrastructure.