The beginning of Bitcoin Cash

With the backing of Roger Ver and Jihan Wu, the fork took place successfully on August 1, 2017 at block 478,558.

Bitcoin holders at block 478,558 will receive the corresponding amount of BCH at a 1:1 ratio.

At that time, there were more than 16.5 million BTC in circulation. This means that there will be about 16.5 million BCH in circulation on the market after the hard fork is successful.

Basic information about Bitcoin Cash (BCH)

Ticker: BCH

Blockchain: Bitcoin Cash

Type Token: Coin, Mineable

Consensus: Proof of Work (PoW)

Algorithm: SHA-256

Block Time: 10 minutes

Transaction Time: 61 TPS

Block Reward: 12.5 BCH per block

Total Supply: 21,000,000 BCH

Circulating Supply: 18,106,389 BCH

Difference between Bitcoin Cash and Bitcoin

The basic difference between Bitcoin Cash when compared to Bitcoin is the block size.

While Bitcoin only has a very small block size (1MB), Bitcoin Cash decided to increase it 8 times (ie 8MB) at the time of launch and can be upgraded to 32MB.

Besides, Bitcoin Cash announced that it will not support SegWit in their blockchain.#BCH