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Bitcoin Cash (BCH) is peer-to-peer digital money for the Internet. It sprang out on August 1, 2017, when bitcoin network was officially forked into two separate blockchains creating two cryptocurrencies – Bitcoin and Bitcoin Cash (BCH) respectively.

The main reason for the fork to take place was scalability problem – the original Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second. Although it was technically simple to raise this limit, crypto enthusiasts failed to reach any consensus, even after years of robust debates.

A new cryptocurrency is thought to be backed by a version of the blockchain that boasts a unique technical roadmap. In particular it means adjustable blocksize limit with an increased default of 8MB, replay protection and protection against hashrate fluctuations, improved hardware wallet security, and upgraded consensus rules.

Requiring no third parties in order to operate, Bitcoin Cash is fully decentralized and resistant to any political or social effects on protocol development.

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Coin’s Details

  • Market Capitalization

    $3.81 B

  • Fully diluted valuation

    $4.20 B

  • Volume 24H

    $747.38 M

  • Circulating supply

    19 070 800

  • Total supply

    21 000 000

  • Circ. percent

    90.8%

  • All-time high

    $3 786 (-94.7%)

  • All-time high date

    Dec 20th, 2017

  • All-time low

    $76.93 (160%)

  • All-time low date

    Dec 16th, 2018

  • First announced

    Jul 22nd, 2017

Bitcoin Cash News