Bitcoin Cash (BCH)

Issue Date and Issue Date Price

$240 (08/01/2017)

Price now $263.76 (02/26/2024)

All Time High-$4,355.62 (12/20/2017)

All Time Low-$$75.07 (12/15/2018)

Circulation Supply-19.65M BCH

Max Supply-21M BCH

Rank No.20 (The rating may change in the future)

Introduction

Bitcoin Cash (BCC)/BCH is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However, two main differences are the block size limits, as of August 2017 Bitcoin has a 1MB block size limit whereas (BCC)/BCH proposes 8MB blocks. Also, (BCC)/BCH will adjust the difficulty every 6 blocks as opposed to 2016 blocks as with Bitcoin.

Bitcoin Cash is a proposal from the via BTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called “Bitcoin Cash”. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split (BCC)/BCH for the customer.

specialty

Bitcoin Cash (BCH) is a cryptocurrency that originated from a hard fork of Bitcoin in 2017. Its primary aim was to address scalability issues faced by Bitcoin by increasing the block size limit, allowing for more transactions to be processed in each block. This was done to improve transaction speed and lower fees, making it more suitable for everyday transactions.

One of the specialties of Bitcoin Cash is its focus on being a peer-to-peer electronic cash system, emphasizing fast and cheap transactions. It aims to be a practical alternative to traditional fiat currencies for everyday transactions like buying goods and services. This focus sets it apart from Bitcoin, which has shifted more towards being a store of value akin to digital gold.

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