Capterra Glossary
Bitcoin Cash
Bitcoin Cash is a decentralized peer-to-peer cryptocurrency that is built on the same blockchain as Bitcoin. It was initially created to accommodate a larger block size than Bitcoin, increasing the amount of transactions that can take place in a single block. This type of cryptocurrency encourages the economic freedom of its users by integrating strong protections against the devolution of finances through uncapped inflation. In other words, Bitcoin Cash has a fixed supply, limiting the amount of Bitcoin Cash in circulation to 21 million coins. All Bitcoin Cash transactions are transparent, anonymous, immutable, and secure.
What Small and Midsize Businesses Need to Know About Bitcoin Cash
Small and midsize businesses often use Bitcoin Cash to optimize customer payments. With Bitcoin Cash transactions, businesses do not have to worry about automatic voids, chargebacks, or other unexpected fees typically associated with credit card payments. Bitcoin Cash also provides free, built-in fraud protection via its immutable ledger system, which enables growing companies to maintain the security of their financial transactions.
Related Terms
- Compound Annual Growth Rate (CAGR)
- Financial Planning and Analysis (FP&A)
- Selling General and Administrative (SG&A) Expenses
- Hedge Fund
- Gateway
- Record to Report (R2R)
- ROIT (Return on Information Technology)
- Chief Revenue Officer (CRO)
- SAC (Subscriber Acquisition Cost)
- ROE (Return on Equity)
- Tokenization
- Net Present Value
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling