What is Bitcoin Cash?
Bitcoin Cash (BCH) is a cryptocurrency that was created in 2017 as a hard fork of Bitcoin. It was developed to enable faster transactions and lower fees by increasing the block size, allowing more transactions to be processed per block. Bitcoin Cash remains a decentralized digital currency with the goal of being a more efficient payment method than Bitcoin.
Source: bitcoincash.org
How does Bitcoin Cash work?
Like Bitcoin, Bitcoin Cash uses a Proof-of-Work (PoW) consensus mechanism, where miners perform complex mathematical computations to validate transactions and add new blocks to the blockchain. Thanks to its larger block size of 8 MB, more transactions can be processed per block, resulting in faster confirmation times and lower transaction fees.
The token
Ticker: BCH
Category: Digital Currency
Blockchain: Bitcoin Cash
Protocol: Proof-of-Work (SHA-256)
Year of launch: 2017
The technology behind Bitcoin Cash
Bitcoin Cash is based on the original Bitcoin code, with a few adjustments to improve scalability. The most notable change is the increased block size, allowing for more transactions per block. Additionally, Bitcoin Cash has not implemented certain features, such as Segregated Witness (SegWit), which Bitcoin has adopted.
The Bitcoin Cash ecosystem
Since its split from Bitcoin, Bitcoin Cash has built its own ecosystem. It is supported by a wide range of wallets, exchanges, and payment processors. Various projects and platforms have also been developed specifically for or are compatible with Bitcoin Cash, contributing to the coin’s growth and adoption.
Who founded Bitcoin Cash?
Bitcoin Cash emerged from a community of developers, miners, and users who aimed to create a more scalable version of Bitcoin. There is no single founder; instead, the hard fork in 2017 was the result of a collective effort by the community.
Price at this moment
24h ago
€281.46
The value of Bitcoin Cash 24 hours ago
24h highest price
€292.93
The highest value of Bitcoin Cash the last 24 hours
24h lowest price
€281.46
The lowest value of Bitcoin Cash the last 24 hours
24h difference
€1.21
The value in which Bitcoin Cash has dropped or increased the last 24 hours
Impact on the environment
Click here to read more information about the impact of this coin on the environment.
Risk disclaimer
Please note: for more information about this crypto asset, consult the official materials provided by the project via bitcoincash.org.
Before trading, make sure to read the general risk warning about crypto asset trading:
Cryptocurrencies, including Bitcoin Cash (BCH), are volatile and involve risks. The value of BCH can fluctuate significantly, and investments may result in financial losses. Always do your own research and only invest money you are prepared to lose.
The BTC Direct disclaimer van be found here: https://btcdirect.eu/en-eu/disclaimer