|Bitcoin Cash||Bitcoin Cash website|
|Brief||Bitcoin Cash appeared on August 1, 2017 as a result of the separation of the bitcoin network into two chains. Currencies are united by a common history: up to a certain block both chains were identical.|
|Last updated:||Saturday, November 28, 2020 2:00:02AM UTC|
|Crypto Volatility Index (CVIX):||38|
|Current price, USD:||270.56|
|Market capitalization, USD:||5 028 234 211|
|Available supply:||18 584 325 BCH|
|Volume 24 hours, USD:||2 908 579 552|
General BCH facts, technical details and general information about Bitcoin Cash crypto currency
Bitcoin Cash appeared on August 1, 2017 as a result of the separation of the bitcoin network into two chains. The aim of a new version of Bitcoin is to speed up the process of transactions on the network: Bitcoin Cash block size is 1.915 MB, which is almost twice the block size in the source chain.
On its second day of trading it has tripled in price and is now third in market capitalization among digital currencies.
During the split every owner of bitcoin was entitled to receive Bitcoin Cash on a one-for-one ratio for free. The protocol update was supported by the majority of members of the bitcoin community, as well as some exchanges. The presence of two different bitcoins should not be a problem for private investors. Given that Bitcoin and Bitcoin Cash have different characteristics, their price will start moving independently quickly.
Currencies are united by a common history: up to a certain block both chains were identical, but now Bitcoin Cash is a new digital asset. All the owners of bitcoins, who kept them in wallets and exchanges that supported the division, received new coins in the ratio 1: 1. Bitcoin Cash has a larger block size than bitcoin without the SegWit protocol. This allows to conduct more transactions on the network, which, respectively, leads to lower fees for the operation.
Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash". Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.
All Bitcoin holders as of block 478558 are also owners of Bitcoin Cash. All are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
There was no community consensus about the split and not all crypto exchanges have recognized the "clone" of bitcoin. Some believe that creation of Bitcoin Cash will accelerate the process of scaling technology, while others think that the separation of bitcoins creates unnecessary confusion and damages the reputation of BTC. Which of the bitcoins (BTC or Bitcoin Cash or Bitcoin Gold) is better for investor? There is no answer to that question as each of these cryptocurrencies has its own “for” and “against”. While for many Bitcoin is the biggest brand name, it may still be a good tactics to invest in its forks as a hedge.
We list daily Bitcoin Cash historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Nov 19||246.79||242.39||249.54||4 604 492 770|
|Nov 20||245.60||245.60||257.44||4 758 123 712|
|Nov 21||258.87||257.89||300.62||5 557 888 369|
|Nov 22||303.20||274.71||304.45||5 439 647 517|
|Nov 23||287.30||282.93||317.08||5 891 594 820|
|Nov 24||323.27||323.27||365.58||6 298 677 733|
|Nov 25||345.45||314.72||356.98||5 848 266 422|
|Nov 26||313.76||256.35||316.45||5 019 313 176|
|Nov 27||270.14||258.72||277.34||4 911 183 834|
|Nov 28||264.66||264.66||270.56||5 028 234 211|
|BCH price change 24 hours||-1.91%|
|BCH price change 7 days||3.18%|
Technical indicators of the crypto market, including the greed and fear index (fell by 9 points over the course of the day) and the RSI (decreased from the overbought area). Their recent overbought signals were a good harbinger of a sell-off. The...
Crypto Dragon August 13, 2020 BCH
I know that many people are skeptical about Bitcoin Cash, mainly because of its dubious fundamentals, negative return on investment, and the association with the controversial figures of Roger Ver and Craig Wright. The scandal that Wright got...
BrianBrian June 28, 2020 BCH
Most people are skeptical of BCH, but if you look at the charts, BCH has outperformed BTC along with every asset above it on CMC. So far in the last week, BCH has pulled in 10%, whereas BTC has grown 9%. Although these are very close, it shows that...
Jame$theGreat May 8, 2020 BCH
BCH is the ultimate hedge for BTC. Forget ETH, LTC and XRP as a hedge because BCH has Bitcoin in its name, and that’s all that matters. If you’re ahead of the curve, you’d have already bought as much BCH as you can. BCH always pumps before a BTC...
Paul April 28, 2019 BCH
BCH is better than BTC. This is the reason why BCH is going to take over BTC in the coming years. It’s obvious, BTC needs the added storage capacity for larger transactions and they aren’t even trying to do it. BCH on the other hand is actively...
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