The newly created Bitcoin Cash (BCH) is a rushed spinoff of Bitcoin (BTC), a clonecoin of which there have been many in Bitcoin's past. Because the name is confusing, many have taken to calling it “Bcash” to avoid buyer confusion.
There have been myriad clonecoins of various types since Bitcoin's inception. Bitcoin Cash is a style of clone that copies Bitcoin's codebase along with its blockchain up until a certain point. Normally when new alternative cryptocurrencies are created, developers just clone the code and not the blockchain.
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