Project Safety Score

Fri, Mar 29, 2024 12:00 AM

	Market Cap	$5,333,986,302.62
	Market Dominance	0.4489
	24hr Volume	$325,352,638.24
	Price	$274.3

68%

Score

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Name

Bitcoin Cash

Type

token

Platform

HECO

Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity. Bitcoin Cash intends to be a Bitcoin without Segregated Witness (SegWit) as soft fork, where upgrades of the protocol are done mainly through hard forks and without changing the original economic rules of the Bitcoin. Bitcoin Cash (BCH) is released on 1st August 2017 as an upgraded version of the original Bitcoin Core software. The main upgrade is the increase in the block size limit from 1MB to 8MB. This effectively allows miners on the BCH chain to process up to 8 times more payments per second in comparison to Bitcoin. This makes for faster, cheaper transactions and a much smoother user experience. Why was Bitcoin Cash Created? The main objective of Bitcoin Cash is to to bring back the essential qualities of money inherent in the original Bitcoin software. Over the years, these qualities were filtered out of Bitcoin Core and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development. The result is that Bitcoin Core is currently unusable as money due to increasingly high fees per transactions and transfer times taking hours to complete. This is all because of the 1MB limitation of Bitcoin Core’s block size, causing it unable to accommodate to large number of transactions. Essentially Bitcoin Cash is a community-activated upgrade (otherwise known as a hard fork) of Bitcoin that increased the block size to 8MB, solving the scaling issues that plague Bitcoin Core today. Nov 16th 2018: A hashwar resulted in a split between Bitcoin SV and Bitcoin ABC

3.3/5

(8 reviews)

Ratings and reviews left by our members do not impact the profile score.

LL 2 years ago

Been using it for a year and it's much cheaper and faster than BTC.

0 0

BigBlocks 2 years ago

Bitcoin Cash (BCH) is the Bitcoin described in Satoshi's original whitepaper before the project was hijacked by Blockstream

0 0

liwu.c 5 years ago

I really don't like to use this coin. It's sluggish and a cheap copy of Bitcoin.

0 0

Vitalie Lisnic 5 years ago

If you want a new currency, create your currency, don't fork other. This currency have no future

0 0

Daniel Salloi 5 years ago

Sketchy fork from Bitcoin - advantage or disadvantage? The future will tell.

0 0

Telesfor 4 years ago

Very good coin. Fast, sure, frequently accepted.

0 0

Mattecles 4 years ago

cheaper, faster and better than Bitcoin.

0 0

Showing records 1 - 7 of 7 ratings

94%

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3.57/5

(8 reviews)

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moon

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Bullish

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Bitcoin Cash News

Bitcoin Cash: Has BCH’s rally reached its zenith?
Fri, Jul 7, 2023 6:22 AM
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Bitcoin and Ethereum Prediction - Elliott Wave Analysis
Fri, Jul 7, 2023 4:22 AM
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Bitcoin Cash Gains $17 In A Day - How High Can It Go?
Thu, Jul 6, 2023 11:22 PM
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Bitfinex Returns Portion Of Assets Stolen From 2016 Hack
Thu, Jul 6, 2023 11:22 PM
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Bitcoin forks BCH, BSV and XEC soared last month, but are the gains organic and sustainable?
Thu, Jul 6, 2023 10:22 PM
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Bitcoin Cash Profile (BCH)