The live price of Bitcoin Cash is - per (BCH / USD) with a current market cap of $7.95B USD. 24-hour trading volume is - USD. BCH to USD price is updated in real-time. Bitcoin Cash is -% in the last 24 hours with a circulating supply of 19.87M.
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Bitcoin Cash (BCH) is a cryptocurrency and blockchain network created as a result of a fork of the Bitcoin blockchain in 2017. Bitcoin Cash made many changes to the original Bitcoin code to increase transaction throughput and effectively improve scalability. It was created to solve the scalability issues that Bitcoin had due to its limited 1 MB block size. Since 2010, a part of the Bitcoin community wanted to push for larger blocks, and when their efforts did not bear fruit, they hard forked Bitcoin Cash from the Bitcoin blockchain on August 1, 2017. Bitcoin Cash is a decentralized network for BCH transactions. Bitcoin Cash also launched Smart Bitcoin Cash (SmartBCH) in July 2021, a sidechain compatible with the Web3 API and Ethereum EVM. The maximum supply of Bitcoin Cash is limited to 21 million coins, just like Bitcoin.
The main difference between Bitcoin Cash and Bitcoin is the block size for writing transactions to the blockchain. A disagreement between the group that became the Bitcoin Cash community in 2017 and Bitcoin led to the creation of Bitcoin Cash, which integrates a much larger block size than Bitcoin.
Bitcoin Cash and Bitcoin have some technical similarities, such as the same maximum supply of 21 million coins and the use of the Proof of Work (PoW) consensus mechanism, but Bitcoin Cash is committed to facilitating fast peer-to-peer (C2C) payments between users.
Unlike Bitcoin, Bitcoin Cash does not use Segregated Witness (SegWit). The current price of BCH is available and updated in real time on Binance.
Bitcoin Cash works very similarly to Bitcoin. The main difference is the larger block size, which allows for higher transaction speeds and lower fees.
That said, larger block sizes increase auditing and storage costs and make downloading a copy of the blockchain difficult.
Like Bitcoin, Bitcoin Cash uses a Proof of Work (PoW) consensus model to secure its network. Entities called miners compete with each other to process transactions and add new blocks to the Bitcoin Cash blockchain. They use sophisticated computing equipment for this purpose. The hashing algorithm for Bitcoin Cash is SHA-256, the same hashing algorithm as Bitcoin.
One of the biggest differences between Bitcoin and Bitcoin Cash is the "difficulty adjustment" for mining new blocks. The Bitcoin software adjusts the difficulty factor every 2,016 blocks, while Bitcoin Cash adjusts it every 10 minutes.
The high frequency of this update is intended to provide a better idea of the computing power required for BCH mining. In addition, Bitcoin Cash miners are rewarded with new BCH coins for their hard work.
Currently, the mining reward is 6.25 BCH per block. In addition, miners can also keep the fees paid for transactions included in the newly added blocks.
Bitcoin Cash also supports smart contracts. Decentralized applications (DApps) can be created on top of the Bitcoin Cash blockchain. Some popular ones are CashFusion, CashScript, eatBCH, Flipstarter, AnyHedge, Libauth, Spedn, and Fountainhead.
Bitcoin Cash is a decentralized, low-cost, high-throughput, and easy-to-use BCH transaction network. Any changes required on its mainnet involve many nodes and a high level of consensus. This limits the trial-and-error process, which is necessary for innovation.
Smart Bitcoin Cash (SmartBCH), launched in July 2021, is a sidechain of Bitcoin Cash designed to explore new ideas and unlock new possibilities. It integrates with the Web3 API and Ethereum's EVM to provide high throughput for Dapps in a secure, decentralized, and fast environment.
The sidechain does not have any new tokens. Its native token is BCH, and all transaction fees on the network are paid in BCH.
Like Bitcoin, Bitcoin Cash has a hard cap of 21 million coins for its maximum supply. Currently, there are about 19.17 million coins in circulation.
Currently, there are 17.12 million BCH holding addresses, with the top 10 addresses holding nearly 2.3 million BCH. When Bitcoin Cash hard forked from Bitcoin, nearly 16.5 million BCH coins were distributed 1:1 among existing BTC holders.
Whenever a BCH miner successfully adds a new block to the Bitcoin Cash blockchain, the miner will receive BCH coins as a reward. This process brings new BCH coins into the circulating supply.
Bitcoin Cash, like Bitcoin, has a deflationary mechanism called "halving". According to this mechanism, the reward for block mining is halved every 210,000 blocks (about four years). It implements this aspect of transaction history as of Bitcoin’s launch date of August 1, 2017.
The last Bitcoin Cash halving occurred in April 2020, which reduced the mining reward from 12.5 BCH per block to 6.25 BCH. The next halving event is expected to occur in 2024, which will reduce the BCH mining reward per block to 3.125 BCH.
Since the launch of Bitcoin Cash, the most noteworthy event was the 2018 hard fork, which led to the creation of Bitcoin SV (BSV).
The split occurred on November 15, 2018, due to two hostile factions. This was one of the most important factors in the price of BCH falling from $444 on November 15, 2018 to an all-time low of $76 on December 16, 2018.
It originated from a "civil war" between two competing camps in the Bitcoin Cash ecosystem. The first was supported and led by Roger Ver and Bitmain's Jihan Wu.
It promoted a software called Bitcoin ABC (Adjustable Block Size Cap) to keep the block size of Bitcoin Cash at 32 MB. However, the second camp led by Craig Steven Wright and millionaire Calvin Ayre wanted to use another software called Bitcoin SV (Satoshi Vision). This new software will increase the block size of Bitcoin Cash to 128 MB.
In another key Bitcoin Cash development, the Tether (USDT) stablecoin was launched on Bitcoin Cash in March 2020. It is implemented on the Bitcoin Cash blockchain through the SLP (Simple Ledger Protocol) token standard.
Thus, people can now trade USDT on the Bitcoin Cash blockchain, in addition to assets from other blockchain networks such as EOS, Ethereum, Tron, Algorand, Liquid Network and Omni.
Network participants and miners worked together to create Bitcoin Cash in the Bitcoin ecosystem. Among them are well-known companies such as Roger Ver, Amaury secchet, Bitmain (crypto mining company), ViaBTC (mining pool company) and Craig Wright.
All these participants were against the proposed Bitcoin Segwit2x upgrade, which meant increasing the capacity of Bitcoin. They preferred to increase the block size of Bitcoin to 8MB.
However, since their needs could not be met, this group of people launched a hard fork of Bitcoin on August 1, 2017 and named it Bitcoin Cash.
BCH is used as a payment method, value transfer, and store of value on the Bitcoin Cash blockchain, and is used to reward Bitcoin Cash miners. BCH prices are updated in real time on Binance.
Bitcoin Cash was launched by a group of Bitcoin miners and developers due to disagreements over scaling solutions in 2017.
The price of Bitcoin Cash (BCH) is directly correlated to the price of Bitcoin. Therefore, any drop or rise in the latter will lead to corresponding price fluctuations in the former. BCH prices are also affected by multiple factors, including the fixed supply of tokens, adoption efforts, and regulatory changes regarding cryptocurrencies.
Like Bitcoin, Bitcoin Cash uses a PoW consensus model that is executed by miners who join the underlying blockchain platform and secure it using sophisticated computers. These computers are responsible for completing numerical calculations to solve and verify transactions submitted to the network.
Bitcoin Cash is a fork of the Bitcoin blockchain that uses a different design philosophy than the latter. Instead of using Layer 2 scaling solutions such as the Lightning Network Layer, Bitcoin Cash increases the block size to improve scalability and transaction throughput.
The maximum supply of Bitcoin Cash tokens is 21 million. As of writing, the total circulating supply of BCH tokens is 19,438,600.
Users can buy BCH directly from Binance using a debit or credit card. Users can also use BCH to trade other cryptocurrencies on the Binance exchange.
The Bitcoin Cash to other currencies exchange rate?
