Bitcoin Cash Price today
Bitcoin Cash, also known as BCH, has a price today of 237,97$ and a market capitalization of 4.294.936.576$, which is 1,70% of the total. Bitcoin Cash has a total of 18.048.228 coins in circulation.
In the last 24 hours, the price of Bitcoin Cash has increased 9,46$, which is 4,14% of its valuation.
What is Bitcoin Cash?
Bitcoin’s known as one of the most popular crypto-currencies. But it takes too much time for the transaction. The most important fact of the crypto-currency is its transaction time which depends on the size of the transaction block and the number of transactions.
For Bitcoin, the block size is only one MB. This makes the network to deliver a limited number of transactions. And the process is time-consuming.
To solve this time consumption and limited transaction problem; in short, scalability issue, here comes Bitcoin Cash, launched in August 2017. Within a very short time, it has become the most successful subsidiary.
The main attraction of Bitcoin cash is its transaction block size which is larger than the Bitcoin. The transaction block size of this crypto-currency is eight MB; eight times more than Bitcoin. This characteristic makes Bitcoin Cash different from Bitcoin.
Not only that, the main target of Bitcoin Cash is to make a rise in the number of its transaction that the network will be able to complete.
Bitcoin Cash is not complicated. A simple and small change in blockchain; a hard fork, has brought a huge development. This hard fork has made Bitcoin Cash most successful and popular crypto-currency.
Bitcoin Cash Features
- Bitcoin Cash has block size increased to 8 MB.
- Its development protocol has secured protection. Any kind of changes requires proper authorization.
- It provides protection against hash-rate instabilities using Difficulty Adjustment Algorithm.
- Its SigHash transaction type removes quadratic hashing problem, secures hardware wallet and provides replay protection.
Bitcoin Cash Technology
The main technology behind the Bitcoin Cash is the new fork version of the blockchain. It’s called hard fork. Unlike soft fork, it requires upgraded nodes and software with the latest version. Hard fork splits Bitcoin and separates Bitcoin Cash from Bitcoin entirely. It makes the transaction speed higher and decreases decentralization.Visit website open_in_new
|Price in BTC||0.02764958 BTC|
|Current Supply||18.048.228 BCH|
|Total Supply||21.000.000 BCH|
|24h Volume (coin)||149.945 BCH|
|24h Volume (currency)||$35.207.012|
|Last updated||2019-10-09 22:15:29 +01:00 BST|
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