5. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) holds an important place in the history of altcoins because it is one of the first and most successful hard spoons of the original Bitcoin.
In the world of promising cryptocurrencies, there will be hard spoons due to debates and discussions between developers and miners.
Due to the decentralized nature of digital currencies and general consensus, the underlying code of commemoratives or related currencies must be changed in batches; the mechanism of this process varies for specific cryptocurrencies.
When different creators disagree, sometimes the digital currency peaks, the original chain keeps the original code unchanged, the new chain starts as a new version of the old currency and its code will be changed. As a result of one of these splits, BCH emerged in August 2017.
The debate that led to the creation of BCH is related to scalability issues, as the Bitcoin network has restrictions on block size.
BCH increases the block size from 1 MB to 8 MBs, with the idea that larger blocks can contain more transactions within them, and transaction speed would therefore be increased.
It also makes other changes, including removing the insulated Witness protocol that impacts block space.
