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It has a larger block size than Bitcoin, allowing for faster and cheaper transactions.

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It was created by a group of developers and miners who believed that Bitcoin needed modifications to address scalability issues.

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However, they vary in major ways.

For example, Bitcoin Cash can support 25,000 transactions per block, compared with Bitcoin’s 1,000 to 1,500 transactions per block.In December 2017, BCH price hit an all-time high of $4,355.62, but it lost 80% of its value over the next six months as the wider crypto market experienced a prolonged bear market.BCH prices remained under $600 for more than two years until January 2021 when a new bullish cycle began.

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