Bitcoin Cash

Bitcoin Cash is a fork of Bitcoin with larger block sizes. It can be mined. Bitcoin Cash is currently worth $ 314.63 per coin.

Bitcoin Cash

Last updated 7 hours ago
Price per BCH in USD $ 314.6338141663
Price per BCH in Bitcoin 0
Volume over the last 24 hours $ 257,646,455
Market cap in USD $ 6,239,560,196
Change in % over the last hour 0.053988
Change in % over the last 24 hours -3.23340079
Change in % over the last 7 days -5.04147886

BCH specifications

Name Bitcoin Cash
Symbol BCH
Minable Yes
Algorithm SHA-256
Prooftype PoW
Total coin supply 21000000
Premine: N/A

Coin description

Bitcoin Cash (BCH) is a fork of Bitcoin designed to address scalability issues by increasing the block size limit from 1 MB to 32 MB. This allows for faster and cheaper transactions compared to Bitcoin. Like Bitcoin, Bitcoin Cash operates on a proof-of-work consensus mechanism, relying on miners to validate transactions and secure the network. Bitcoin Cash positions itself as a practical solution for everyday payments, emphasizing usability and accessibility.

Bitcoin Cash Scalability Advantages

Bitcoin Cash aims to serve as a peer-to-peer electronic cash system, emphasizing everyday usability. Its larger block size reduces congestion and transaction fees, making it ideal for microtransactions. While it shares similarities with Bitcoin, Bitcoin Cash positions itself as a more scalable and user-friendly alternative. For instance, merchants can accept Bitcoin Cash payments without worrying about high fees or slow confirmation times, making it a viable option for small businesses.

Despite its advantages, Bitcoin Cash has faced criticism for potentially centralizing the network due to its larger block sizes, which require more storage and bandwidth. However, proponents argue that the trade-off is worth it, as it enables faster and cheaper transactions. Keywords like Bitcoin Cash scalability and low-cost transactions are closely tied to its mission.

Bitcoin Cash price history