Bitcoin Cash (variably known as BCH or BCC[5]) is a cryptocurrency created on August 1, 2017,[6] at 00:20 UTC, in a hard fork process, split, from Bitcoin (BTC).[7] During the creation process, all Bitcoin users had their private reserves doubled, with the duplicates named "Bitcoin Cash", a cryptocurrency separate from the original Bitcoin, with different technical properties. It is governed by an alternative protocol that increases the transaction capacity compared to "classic" Bitcoin, this being the main point of the fork.[8] This will be allowed thanks to the differentiated block size, of 8 MB. This block, larger than the original, aims to help fix the scalability problem, an alternative solution to that adopted by Bitcoin, SegWit (Segregated Witness), so called the controversial code optimization that will be activated in the main Bitcoin blockchain. On December 19, 2017, Coinbase began allowing Bitcoin Cash deposits, which allowed users who held Bitcoin on the platform at the time of the hard fork to obtain an equivalent amount in Bitcoin Cash.[9] Code
BCH[1]
Accuracy
10−8
Development
Implementation(s)
Bitcoin Unlimited
Latest version
1.9.1 / February 17, 2021; 3 years ago[2]
Development status
Active
Project fork
Bitcoin
Website
bitcoincash.org
Ledger
Ledger start
January 3, 2009; 15 years ago[3][4]:ch. 35
Split height#478559/ August 1, 2017; 7 years ago
Split from
Bitcoin
Split ratio
1:1
Date signature scheme
Proof-of-work (partial hash inversion)
Hash function
SHA-256
Issuance schedule
initially BCH 50 per block, halved every 210,000 blocks
Block reward
BCH 6.25 [a]
Block time
10 minutes
Block explorer
blockchair.com/bitcoin-cash/blocks
Supply limit
21,000,000[b]
SOURCE Wikipedia
