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Bitcoin Cash (BCH) is a decentralized digital currency that was created as a result of a blockchain hard fork that occurred on August 1, 2017. It is based on the original Bitcoin (BTC) protocol but is different in a number of key ways, including its larger block size limit of 32MB, which allows for faster transactions and lower fees.

One of the main applications of Bitcoin Cash is as a means of payment, both online and in physical locations. BCH can be used to buy goods and services at merchants that accept it as payment, which is becoming more common as adoption of the currency grows. Additionally, BCH can be used for peer-to-peer payments between individuals, allowing for fast, secure and cost-effective transactions.

Another application of Bitcoin Cash is as a store of value. Like other cryptocurrencies, BCH is not backed by any physical asset or government, but its limited supply and increasing demand have resulted in its value increasing significantly over time. Some investors choose to purchase and hold BCH as a long-term investment, similar to how others invest in gold or other commodities.

Overall, Bitcoin Cash is a versatile cryptocurrency that can be used for a wide range of purposes, including payment processing, remittances, and as a store of value. Its key features include fast transaction times, low fees, and high levels of security and privacy, making it an attractive option for many people.