Bitcoin Cash[BCH]
Bitcoin Cash is a proof-of-work blockchain network, forked from the original Bitcoin blockchain.
Bitcoin Cash was created in August 2017 through a hard fork of the Bitcoin blockchain due to disagreements over Bitcoin's scalability. A hard fork splits a blockchain into two, creating a new cryptocurrency with its unique blockchain. In this case, BCH was designed to process more transactions at a faster rate than BTC by increasing the block size limit, addressing concerns about Bitcoin’s transaction speed and scalability.
The BCH blockchain operates similarly to BTC, with miners using powerful computers to solve mathematical puzzles to verify transactions and add blocks to the blockchain. However, BCH introduced larger block sizes, initially 8MB and later increasing to 32MB, allowing for more transactions per second (TPS) than Bitcoin's 7 TPS. Despite the technological similarities, the larger block size in BCH requires more computing power, increasing mining costs, but providing more opportunities for transaction fees.
The BCH blockchain operates similarly to BTC, with miners using powerful computers to solve mathematical puzzles to verify transactions and add blocks to the blockchain. However, BCH introduced larger block sizes, initially 8MB and later increasing to 32MB, allowing for more transactions per second (TPS) than Bitcoin's 7 TPS. Despite the technological similarities, the larger block size in BCH requires more computing power, increasing mining costs, but providing more opportunities for transaction fees.
Layer 1 (L1)Proof Of Work (PoW)
Current price
24h:1.35%Market cap
Trading volume 24h
Fully diluted market cap
All time high price
83.95%All time low price
689.64%Token supply
0 BCH (0%)
21M BCH (100%)
$0
$607
$0
$12.74B
19.8M BCH (94.28%)