Bitcoin Cash came into existence on August 1, 2017, as a result of the hard fork in the Bitcoin blockchain. Despite being the industry leader in market capitalization, Bitcoin lacked scaling. While one group recommended increasing the block size, the other opposed it and offered Segregated Witness (SegWit) as a solution. When the factions failed to reach a consensus, the group that supported increasing the block size forked the chain which gave rise to Bitcoin Cash with the ticker BCH. Bitcoin Cash is supported by Jihan Wu, co-founder of Bitmain and Roger Ver, CEO of Bitcoin.com.Bitcoin Cash envisions to be peer-to-peer electronic cash that can be spent anywhere with low fees. Bitcoin Cash is similar to its elder brother, Bitcoin, in many ways. BCH uses the same Proof-of-Work consensus algorithm and produces a block every 10 minutes. New coins are issued through mining, and the protocol undergoes halving to regulate the issuance. Bitcoin Cash has a block size limit of 32MB and can process around 280 transactions per second.