Bitcoin Cash, a decentralized cryptocurrency, boasts larger blocks, low fees, and smart contract support, enhancing global transactions. More
| Fully Diluted Valuation | $11.19B |
|---|---|
| 24H Trading Volume | $157.97M |
| 24H Low / High | $551.08 / $ 565.05 |
| Circulating Supply | 19.91 M |
| Total Supply | 19.91 M |
| Max Supply | 21.00 M |
| Categories | Smart Contract Platform 4 more |
|---|---|
| Founder | Roger Ver |
| Website | bch.info |
| Socials | 3 more |
| Explorer | 3xpl 6 more |
| Name | Pair | OG Score |
|---|
Bitcoin Cash (BCH) emerged in August 2017 as a result of a hard fork from Bitcoin, aimed at addressing the scalability issues faced by its predecessor. The primary modification involved increasing the block size from Bitcoin's one MB to eight MB, facilitating faster transactions and lower fees. This enhancement positioned BCH as a decentralized peer-to-peer cash network, closely aligned with Bitcoin's principles but with the goal of improving transaction throughput. In contrast to Bitcoin's one MB block size, BCH's larger 8 MB block size, and later increased to 32MB as of 2023, allowed for a more efficient processing of transactions, making it suitable for micro-transaction economies and reducing settlement times for remittances and cross-border trade.
Bitcoin Cash operates on a Proof-of-Work (PoW) consensus mechanism, similar to Bitcoin, where miners validate transactions using computer power and are rewarded in BCH. The coin's deflationary nature, capped at 21 million coins, aligns with Bitcoin's fundamentals, but BCH stands out by not incorporating Segregated Witness (SegWit), which Bitcoin uses to increase block size. Furthermore, Bitcoin Cash supports smart contracts, expanding its use cases beyond traditional transactions. Mining BCH can be done individually, through mining pools, or via cloud mining. While individual miners may find it challenging to compete without high-end equipment, pool mining and cloud mining offer more regular rewards, with participants sharing computing power.
Bitcoin Cash's journey includes a notable hard fork in 2018, resulting in the creation of Bitcoin SV (BSV). This split reflected disagreements within the BCH community, with Bitcoin ABC continuing as Bitcoin Cash. Despite challenges, BCH has established itself among the top 20 cryptocurrencies, emphasizing its commitment to fast payments, micro fees, privacy, and larger block size. As a permissionless and decentralized cryptocurrency, Bitcoin Cash remains true to the original vision set forth by Satoshi Nakamoto in creating a global peer-to-peer electronic cash system.
Bitcoin Cash stands out with larger blocks, low fees, and smart contract support, enhancing global transactions.
Bitcoin Cash originated from a 2017 hard fork initiated by developers, including support from figures like Roger Ver.
Notable support came from figures like Roger Ver within the Bitcoin community.
Bitcoin Cash utilizes the Proof-of-Work (PoW) consensus mechanism, where miners validate transactions and are rewarded with BCH.
You can buy Bitcoin Cash (BCH) on Binance, OKXGate.ioBybitMEXC cryptocurrency exchanges.
