As the debate over bitcoin’s scaling rages on, one of the potential forks—Bitcoin Cash—is being lauded for its attempt to fulfil Satoshi Nakamoto’s vision of true decentralized, peer-to-peer electronic cash with more efficient transaction capacity.

If you’re just joining us, the bitcoin community is currently divided on how to resolve bitcoin’s underlying scaling issue, with several parties proposing to scale the network in different ways. One of these proposals is SegWit2X, which combines Bitcoin Core’s Segregated Witness—whose goal is to send transactions off-chain—and a block size increase.

However, some of SegWit2X’s original backers have started to lose confidence that the proposal will implement the “2X” part, and decided to take the matters into their own hands. This is why on August 1, the group said they will split off from bitcoin and create a new digital currency called Bitcoin Cash.

New coin on the block