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Bitcoin is the world's first and most well-known cryptocurrency. Created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto, Bitcoin operates on a decentralized network without the need for a central authority, like a government or financial institution. It relies on blockchain technology, a distributed ledger, to record all transactions securely and transparently. As a digital currency, Bitcoin can be used for online purchases and transactions globally. Its limited supply and increasing adoption have contributed to its reputation as "digital gold" and an alternative store of value. Bitcoin continues to influence the world of finance and technology, driving innovations and discussions about the future of money.
Bitcoin Cash is a cryptocurrency that emerged as a result of a hard fork from the original Bitcoin blockchain in 2017. The fork was initiated to address the scalability issues faced by Bitcoin, aiming to create a faster and more scalable peer-to-peer electronic cash system. Bitcoin Cash increased the block size to 8 MB, allowing for more transactions to be processed per block and reducing transaction times and fees. It shares many similarities with Bitcoin but emphasizes its utility for everyday transactions, positioning itself as "electronic cash." As a prominent cryptocurrency, Bitcoin Cash continues to be utilized for various online transactions and holds a significant place in the digital asset market.
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