Bitcoin Cash Price Chart Update [BCH]

The BCH price update as of now is $459.09. In the previous 24 hours, its trading volume was $395,155,025, and its value has decreased by -2.11%. As of now, BCH's live market cap is $8,783,048,161, and it is ranked as the #19 on the Coincu. BCH has a circulating supply of 19,131,400 and a maximum supply of 19,131,400.

Bitcoin Cash: An Overview Bitcoin Cash is a revolutionary peer-to-peer electronic cash system that aims to establish itself as a global currency with fast transactions, low fees, privacy, and high capacity for handling large volumes of transactions. Just like physical cash, Bitcoin Cash allows direct payments from one person to another. Introducing Bitcoin Cash (BCH) Bitcoin Cash (BCH) is a cryptocurrency that offers an alternative to Bitcoin (BTC), the world's oldest and most widely traded cryptocurrency. Created in 2017, Bitcoin Cash was the result of a disagreement among Bitcoin users who believed that different technical decisions were necessary to make Bitcoin more accessible to a global audience, contrary to the roadmap proposed by the Bitcoin Core development team. Bitcoin Cash supporters argued for modifications to make Bitcoin competitive with traditional payment systems like Visa and PayPal, as well as lower transaction fees. These advocates aimed to distribute the costs of transactions across the network rather than burdening the users. How Bitcoin Cash Operates Bitcoin Cash achieves faster transaction processing by utilizing larger block sizes, which can be four to eight times bigger than those of BTC, depending on the usage of Segregated Witness. This ensures that BCH transactions are swift enough for everyday purchases like a cup of coffee. However, for larger transactions such as buying a car or a house, users may prefer the slower yet more secure BTC. Both BCH and BTC serve different purposes. Not every cryptocurrency functions solely as a store of value, and not every cryptocurrency needs to process data rapidly, resembling credit card transactions. Just as one would use a credit card for dining out and a bank transfer for purchasing a property, it is logical to utilize different cryptocurrencies for different tasks. While BCH is faster and offers lower transaction fees than BTC, it is still not widely adopted for everyday cryptocurrency payments. However, many believe that increased awareness and technological advancements will position BCH as a leader in cryptocurrency payments. Key Features of Bitcoin Cash Bitcoin Cash is a decentralized peer-to-peer electronic cash system that operates without reliance on any central authority, such as a government or financial institution. This represents a fundamental redesign of the concept of money. The essential features of Bitcoin Cash include: - Open to All: Bitcoin Cash has no central control or ownership. No CEO presides over it, and permission is not required to utilize it. - Pseudonymous: Transaction identities remain unlinked, allowing for uncensored and unrestricted usage of Bitcoin Cash. - Transparent: All transactions are recorded on a global public ledger called the blockchain, which is regularly updated in interconnected blocks. This transparency enables easy verification of ownership history and minimizes the risk of fraud. - Distributed: A network of voluntary participants, known as "nodes," store the public ledger (blockchain), ensuring the resilience of information over time. - Rules-based system: Nodes adhere to a protocol that facilitates consensus on the state of the ledger. This consensus determines the truth regarding ownership. The protocol can evolve based on participants' demands, although widespread consensus is necessary for any changes. Bitcoin Cash operates like a quasi-political system, with a social contract formed by its participants. - Immutable: Once recorded on the blockchain, transactions cannot be altered, ensuring the integrity of the system. - Secure: The Proof of Work (PoW) process involves miners competing to add new blocks to the blockchain. The costs associated with PoW mining, including hardware and energy expenditure, bolster the network's security. Attacking the network becomes prohibitively expensive and unprofitable due to game-theory-driven principles. - Fixed Supply: Bitcoin Cash has a maximum supply of 21 million coins, making it a limited asset comparable to land or gold. This allows people to store value digitally over extended periods of time. - Low Fees: Bitcoin Cash enables reliable, fast, and affordable transactions of any value, regardless of location, making it an excellent alternative to traditional payment networks like Visa and Mastercard. Read more: CLICK HERE