Bitcoin Cash was introduced as a result of a hard fork from the original cryptoasset Bitcoin. It seeks to reflect Bitcoin founder Satoshi Nakamota’s original vision of a peer-to-peer electronic cash system, after Bitcoin focussed more on investment. Launched in 2017, Bitcoin Cash introduced larger blocks to enable faster transactions and lower fees, combatting the issues of smaller blockchains and a surge in the number of transactions faced by Bitcoin after they increased in popularity.

Bitcoin Cash, sold as BCH, focuses on simplicity and security, wanting to provide a fast and reliable service that lets users send money anywhere in the world and at the lowest cost possible. Like the original, Bitcoin Cash uses a Proof of Work mechanism to mine new coins, but is also capped at a maximum supply of 21 million, due to the Bitcoin Cash Protocol. As of September 2021, there are just under 19 million coins in circulation.