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Bitcoin Cash (BCH) – Crypto price chart, background, and sentiment |
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Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Bitcoin Cash (BCH) is a cryptocurrency created after a 2017 hard fork of Bitcoin, designed to improve transaction speed and reduce fees for everyday use.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Launched in August 2017 after a split in the Bitcoin blockchain, Bitcoin Cash is supposed to fix perceived problems with the original network. Some developers believed the original Bitcoin network was becoming too slow and expensive for routine transactions, so they set out to create a new cryptocurrency with larger block sizes to enable faster, cheaper transfers. The aim of Bitcoin Cash was to return to the original intention of providing a medium of exchange. As a technically less demanding version of Bitcoin, Bitcoin Cash has some similarities with Litecoin.
Bitcoin Cash functions as a peer-to-peer electronic cash system, with a focus on its utility as a medium of exchange. It features larger block sizes (initially 8MB, later expanded) compared to Bitcoin, allowing more transactions to be processed simultaneously and reducing transaction fees, decreasing the frequency of verification. Like its predecessor, it operates on a decentralised blockchain, enables pseudonymous transactions, and can be traded on cryptocurrency exchanges.
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