Bitcoin Cash (BCH) actively promotes global payments, and there are merchants in Taiwan that accept it to buy fried chicken.

The promotion of Lightning Network payments is going smoothly, and the earliest fork of the Bitcoin chain, "Bitcoin Cash," is also actively expanding its layout. Bitcoin Cash (, abbreviated as BCH), forked from Bitcoin in 2017. August 1, 2017, marks the anniversary of the hard fork. Although Satoshi Nakamoto initially referred to Bitcoin as Peer to Peer Electronic Cash ( in the White Paper published in 2009, due to high fees at that time, it may not have been suitable for use as cash in daily shopping. The Bitcoin Cash community forked off to focus on small payments for everyday life. The Bitcoin Cash community has seen merchants joining worldwide, and a few businesses in southern Taiwan have also started accepting Bitcoin Cash. Below is an introduction to the development history and overview of Bitcoin Cash.

The history of Bitcoin Cash

Bitcoin Cash was born in 2017, stemming from the internal scaling issues and disagreements over the SegWit upgrade within the Bitcoin community. The "big block faction" within the community proposed a hard fork to increase the block size limit, ultimately leading to the creation of Bitcoin Cash, which is the first blockchain to fork from the Bitcoin chain. One of the reasons why many Bitcoin developers and users rejected the technology of Bitcoin Cash was the "big block" perspective proposed by Bitcoin Cash, advocating for an increase of the 1MB limit, arguing that decentralizing nodes across thousands of computers globally would increase verification difficulty. However, this is also why the Bitcoin Cash community claims to uphold the original spirit of Satoshi Nakamoto. The Bitcoin Cash community insists on the foundation of Bitcoin's decentralization (for example, ensuring that no individual, company, or organization can tamper with the core blockchain of Bitcoin )). To distinguish itself from the orange color of the Bitcoin logo, the logo of Bitcoin Cash is green.

Coinbase exchange promotes the development of Bitcoin Cash

The author stumbled upon an old article from 2017, which announced that Coinbase would allow users to send and receive Bitcoin Cash at the time of its birth in 2017, and soon they would also be able to buy and sell Bitcoin Cash. This move shocked the cryptocurrency community at the time. This news prompted the price of Bitcoin Cash to soar over 30% that year, rising from $2,800 to $3,800.

The Bitcoin community has split into the "big block faction" and the "small block faction".

The split in the Bitcoin community lies in how to best scale the Bitcoin network. The Bitcoin network is built on the blockchain's transaction records. On average, a new block is added to the network every 10 minutes, and the block size is limited to 1 MB, which means each block contains about 2000 transactions. The large block faction in the Bitcoin community advocates for raising the 1MB limit so that the network can handle more transactions per hour, but larger blocks will increase the storage and bandwidth requirements of the Bitcoin network. This "large block faction" is the precursor to Bitcoin Cash.

The "Small Block Faction" advocates for the SegWit upgrade plan, which came into effect in 2017. It allows an alternative "over-the-counter" trading model, with supporters of small blocks placing long-term expansion on the Lightning Network), a new payment network built alongside Bitcoin. The Lightning Network utilizes payment channels)Channel(, allowing users to conduct multiple off-chain transactions, which will ultimately be consolidated into a single transaction.

This debate reached its peak in August of that year, when members of the "Big Block" faction created a new version of Bitcoin called "Bitcoin Cash". "Bitcoin Cash" supports blocks of up to 8 MB, and the founders promised to further increase the block size as needed to avoid congestion issues.

There have been many Bitcoin forks in the past, but this time it is unusual because it is a native fork from the existing Bitcoin blockchain. Before August 1, the blockchains of Bitcoin and Bitcoin Cash were exactly the same. This means that anyone who owned one Bitcoin before the fork on August 1 would automatically own one Bitcoin Cash after the new network was launched. This fork created billions of dollars in new wealth. When Bitcoin Cash was born, the price of the original Bitcoin did not drop significantly, while the newly minted Bitcoin Cash soared to around $600 each. By August of that year, the total value of circulating Bitcoin Cash had skyrocketed from about $10 billion to $60 billion.

How does Bitcoin Cash work?

The total supply limit of Bitcoin Cash is 21 million coins. Bitcoin Cash uses a proof-of-work )PoW( consensus mechanism similar to Bitcoin. Miners validate transactions and create new blocks by solving complex computational problems. The block size of Bitcoin Cash )Bitcoin Cash( allows for faster transaction processing, aiming to maintain low fees.

What are the application scenarios of Bitcoin Cash )?

Bitcoin Cash has various application scenarios. It can be used for peer-to-peer payments between individuals, as well as to pay service fees to participating merchants in physical stores and e-commerce. The financial structure may be more inclined towards small transactions, such as providing tips to content creators, offering rewards to app users, and covering daily food expenses, among others. Bitcoin Cash has also developed remittances and cross-border trade, with other applications including token staking, contracts, and other DeFi transactions.

Taiwanese fried chicken shop joins the BCH payment landscape

Currently, there are several small businesses in Taiwan that have joined the Bitcoin Cash community, allowing payments via Bitcoin Cash through the built-in POS on mobile phones, including stores like the Fried Chicken God in Kaohsiung. Friends who are interested in knowing which stores accept Bitcoin Cash for payments can check the Honest Map and the Bitcoin Map to find nearby business locations.

This article Bitcoin Cash (BCH) actively promotes global payments, and there are merchants in Taiwan who have joined to sell fried chicken, first appearing in Chain News ABMedia.