Bitcoin Cash (BCH)
Bitcoin Cash current price is $516.71 with a marketcap of $9.76 B. Its price is -6.28% down in last 24 hours.
- Bitcoin Cash (BCH)
- Live Price $516.71
24h % -6.28%
- Market Cap$9.76 B
- Volume$7.14 B
- Available Supply18.85 M BCH
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¿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.
Features of Bitcoin Cash
- 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.
Technology Behind the Bitcoin Cash
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.
Bitcoin Cash Markets / Exchanges