Bitcoin Cash's (BCH) current price is $477.94**, with a 24-hour trading volume of **$442.51 million. Over the past day, BCH has shown minimal volatility (+0.00%). The cryptocurrency has a circulating supply of 19.89 million BCH and a maximum capped supply of 21 million BCH.
What Is Bitcoin Cash?
Bitcoin Cash is a peer-to-peer electronic cash system derived from Bitcoin. Designed to address scalability issues, it emphasizes fast transactions, low fees, and high throughput. Key features include:
- Larger block sizes (32 MB vs. Bitcoin’s 1 MB)
- Enhanced transaction capacity
- Decentralized digital cash for everyday use
History of Bitcoin Cash
Origins and Hard Fork
Bitcoin Cash emerged in August 2017 as a hard fork from Bitcoin. The split was driven by debates over Bitcoin’s scalability—specifically, whether to increase block sizes to improve transaction speed.
Key Upgrades
- 2017: Initial block size increased to 8 MB.
- 2018: Expanded to 32 MB for greater scalability.
- 2018 Fork: Led to Bitcoin SV (Satoshi Vision).
- 2020 Fork: Created Bitcoin Cash ABC, introducing an 8% miners’ tax for developer funding.
How Bitcoin Cash Works
Technical Framework
- Proof of Work (PoW): Uses mining to secure transactions (like Bitcoin).
- Block Rewards: Miners earn newly minted BCH for validating blocks.
- Low Fees: Larger blocks reduce congestion and keep costs minimal.
Uses of Bitcoin Cash
Practical Applications
- Peer-to-Peer Payments: Fast, low-cost transfers for users globally.
- Merchant Adoption: Ideal for businesses needing high-volume microtransactions.
- Remittances: Cheaper alternative to traditional money transfers.
👉 Learn how to buy Bitcoin Cash securely
FAQ About Bitcoin Cash
Q1: How is Bitcoin Cash different from Bitcoin?
A: Bitcoin Cash has larger blocks (32 MB vs. 1 MB), enabling faster transactions and lower fees than Bitcoin.
Q2: Why did Bitcoin Cash split from Bitcoin?
A: The fork resolved disputes over Bitcoin’s scalability. BCH supporters favored bigger blocks to improve transaction capacity.
Q3: Is Bitcoin Cash a good investment?
A: While it offers utility, its value depends on market adoption. Always research risks before investing.
Q4: How can I store Bitcoin Cash?
A: Use hardware wallets (Ledger, Trezor) or software wallets (Trust Wallet, Exodus).
Q5: What’s the max supply of BCH?
A: Capped at 21 million, mirroring Bitcoin’s scarcity model.
👉 Explore top wallets for Bitcoin Cash
Disclaimer: Cryptocurrency investments involve risk. Past performance doesn’t guarantee future results.