The current Bitcoin Cash (BCH) price is $481.65, with a 24-hour trading volume of $130,157,608. Over the past day, BCH has decreased by 4.68%, and over the past week, it has dropped by 2.64%. Bitcoin Cash's market capitalization stands at $9,581,338,918, ranking #15 in the crypto market. The maximum supply is capped at 21,000,000 BCH, and the circulating supply is 19,892,544 coins.
Bitcoin Cash is currently 70.54% below its all-time high and 1,951.98% above its all-time low. All data and prices are updated in real-time to reflect the latest market conditions.
Understanding Bitcoin Cash (BCH)
Bitcoin Cash emerged as a hard fork from the original Bitcoin blockchain. It is designed as a peer-to-peer electronic cash system, enabling fast transactions with minimal fees. Operating without intermediaries, BCH allows users to transfer value directly, making it a trustless and decentralized payment solution.
As one of the most successful Bitcoin hard forks, Bitcoin Cash features a larger block size compared to Bitcoin. This design aims to enhance scalability and everyday utility. The network underwent additional hard forks in 2018 and 2020, leading to the creation of Bitcoin SV and eCash (formerly Bitcoin ABC).
Key Development Milestones
Bitcoin Cash originated from a ideological divide within the Bitcoin community in 2017. The split centered around the Segregated Witness (SegWit) update, with one faction advocating for larger block sizes to improve transaction capacity. The hard fork occurred on August 1, 2017, at block #478559, resulting in Bitcoin holders receiving an equal amount of BCH.
Since its inception, Bitcoin Cash has experienced significant price volatility. In late December 2017, BCH surged from approximately $1,300 to $4,355 within a short period, followed by a correction to around $2,000 a month later. These fluctuations highlight its volatile nature, though it remains more affordable than Bitcoin.
Core Features of Bitcoin Cash
Bitcoin Cash maintains a hard cap of 21 million coins, creating a deflationary economic model. This scarcity is expected to support long-term value appreciation. The issuance will cease at 20,999,999.9769 BCH.
The network uses the Proof-of-Work (PoW) consensus mechanism, similar to Bitcoin, but with larger block sizes. This allows for greater transaction throughput, though it requires more storage and auditing resources from network nodes.
Privacy is enhanced through CashFusion, a solution that obscures transaction trails by mixing them. While this process incurs additional fees, it strengthens security and anonymity. Transactions are borderless, enabling global payments without restrictions.
Bitcoin Cash is primarily used for digital payments, with fees as low as $0.01. Its scalability makes it suitable for small-scale transactions and peer-to-peer transfers. The decentralized nature ensures that assets cannot be frozen or seized, providing financial sovereignty.
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Bitcoin Cash vs. Bitcoin (BTC)
The fundamental difference between Bitcoin Cash and Bitcoin lies in transaction capacity. BCH blocks are 32 MB, compared to Bitcoin's 1 MB blocks. This larger size enables faster processing and lower fees, addressing scalability challenges faced by Bitcoin.
Despite these technical advantages, Bitcoin Cash's market capitalization remains substantially lower than Bitcoin's. BCH price trends often follow Bitcoin's market movements, reflecting its influence as the leading cryptocurrency.
Bitcoin Cash vs. Bitcoin SV (BSV)
In 2018, Bitcoin Cash underwent another hard fork, resulting in Bitcoin SV (Satoshi Vision). BSV proponents believed BCH was deviating from Bitcoin's original vision. The key distinction is BSV's block size, which initially increased to 128 MB and now reaches 4 GB.
Unlike Bitcoin Cash, BSV operates as a token rather than a standalone blockchain. Both networks use PoW and have a 21 million supply cap. BSV exhibits higher volatility, though both assets hold similar market positions.
Bitcoin Cash vs. eCash (XEC)
The 2020 hard fork led to the creation of Bitcoin ABC, later rebranded as eCash (XEC). This network introduced an 8% charge on newly mined coins, allocated to development funding. Community dissatisfaction with this model contributed to the split.
eCash utilizes Proof-of-Stake (PoS), making it more energy-efficient than Bitcoin Cash's PoW. The conversion rate from BCHA to XEC was 1:1,000,000, with a total supply of 21 trillion. Bitcoin Cash maintains a higher market capitalization compared to eCash.
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Frequently Asked Questions
What is Bitcoin Cash?
Bitcoin Cash is a cryptocurrency created from a Bitcoin hard fork, designed for fast, low-cost transactions. It features larger block sizes to improve scalability and utility.
How does Bitcoin Cash differ from Bitcoin?
Bitcoin Cash has larger blocks (32 MB vs. 1 MB), enabling faster transactions and lower fees. It aims to enhance everyday payment efficiency compared to Bitcoin.
What is the maximum supply of Bitcoin Cash?
The maximum supply is capped at 21 million BCH, mirroring Bitcoin's scarcity model to promote long-term value retention.
How can I use Bitcoin Cash?
BCH is ideal for digital payments, peer-to-peer transfers, and small-scale transactions due to its low fees and rapid processing times.
What is CashFusion?
CashFusion is a privacy solution on the Bitcoin Cash network that mixes transactions to enhance anonymity and security.
Is Bitcoin Cash a good investment?
Like all cryptocurrencies, BCH carries volatility risks. Its technological advantages and scarcity may appeal to investors seeking exposure to scalable payment solutions.