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Bitcoin Cash

BCH

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About Bitcoin Cash

Bitcoin Cash is a fork of Bitcoin that seeks to add more transaction capacity to the network in order to be useful for everyday transactions.

Bitcoin Cash (BCH) is a decentralized cryptocurrency that operates on a peer-to-peer electronic cash system. It was "forked" from Bitcoin (BTC), the world's largest cryptocurrency, in 2017 due to a division over the protocol's future. A fork happens whenever a community makes a change to the blockchain's protocol or basic set of rules, which results in a new blockchain. In the case of Bitcoin Cash, the community set out to create a cryptocurrency that's better suited than Bitcoin for cheap, every day payments. Bitcoin itself, despite originally being named "Peer-to-Peer Electronic Cash" in its whitepaper published in 2009, may not be well-suited for use as cash in everyday purchases due to its fees. Bitcoin Cash aims to scale to accommodate global payment system demands, with a block size of 32MB as of 2023, compared to Bitcoin's 1MB block size. The larger block size of Bitcoin Cash is intended to handle more transactions per second and aims to maintain lower fees.

Bitcoin Cash operates on a Proof-of-Work (PoW) consensus mechanism, similar to Bitcoin. Miners solve complex computational puzzles to validate transactions and create new blocks. The larger block size of Bitcoin Cash allows for faster transaction processing and aims to maintain lower fees compared to Bitcoin. Bitcoin Cash also supports smart contracts and ecosystem apps. With a capped total supply of 21 million coins and a circulated supply of 19.56M tokens in November 2023, Bitcoin Cash has a limited supply and aims to facilitate easy transactions, with transactions typically costing less than a tenth of a cent.

Bitcoin Cash has a variety of potential use cases. It can be used for peer-to-peer payments between individuals and to pay participating merchants for goods and services both in-store and online. Its structure may support micro-transaction economies, such as tipping content creators and rewarding app users a few cents. Bitcoin Cash also seeks to streamline remittances and cross-border trade. Other potential use cases include tokens, simplified smart contracts, and private payments with tools such as CashShuffle and CashFusion.

Bitcoin Cash was created in 2017 as an alternative to Bitcoin. The creation was a result of a disagreement within the Bitcoin community over scaling issues and the SegWit upgrade. A faction within the community proposed a hard fork to increase the block size limit, which led to the creation of Bitcoin Cash. The reason that Bitcoin Cash's technology was rejected by many Bitcoin developers and users is that a larger blockchain (that can support a greater number of transactions and thus cheaper transactions) comes with a key trade-off. A larger blockchain is harder to validate and store on thousands of computers around the world, which is the foundation of Bitcoin's decentralized nature (such as ensuring that no individual, company, or organization can tamper with Bitcoin's blockchain at its core). Since its inception, Bitcoin Cash has faced its own set of challenges and milestones, including a hard fork in November 2018 that led to the creation of Bitcoin SV (BSV), a separate cryptocurrency.

One way to use Bitcoin Cash is to find a merchant that accepts purchases via Coinbase Commerce. Coinbase Commerce enables merchants to accept Bitcoin Cash transactions easily.

Bitcoin Cash is available via many crypto exchanges and finance apps, including Coinbase.

Market

France Market Stats

Market cap

€8.8B

Volume (24h)

€436.0M

Circulating supply

19.7M BCH

Typical hold time

55 days

Popularity

#16

All time high

€8,781.09

France Market performance

Price change (1h)

-1.89%

Price change (1d)

-5.52%

Price change (1w)

+4.54%

Price change (2w)

+6.86%

Price change (1m)

-3.68%

Price change (1y)

+338.28%

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Social

Some highlights about Bitcoin Cash on social media

1,340 unique individuals are talking about Bitcoin Cash and it is ranked #195 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Bitcoin Cash has an average sentiment score of 3.9 out of 5. Finally, Bitcoin Cash is becoming more newsworthy, with 1 news articles published about Bitcoin Cash. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Bitcoin Cash. There were 59.18% of tweets with bullish sentiment compared to 2.16% of tweets with a bearish sentiment about Bitcoin Cash. 38.66% of tweets were neutral about Bitcoin Cash. These sentiments are based on 463 tweets.

On Reddit, Bitcoin Cash was mentioned in 245 Reddit posts and there were 454 comments about Bitcoin Cash. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

1,340 people

Posts

327 posts

Dominance

0.06%

Volume rank

#195

Average Sentiment

3.9 out of 5

News Articles

1

Twitter

Reddit

Posts

245

Comments

454

Post Score

900

Comment Score

963

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Bitcoin Cash is on the rise this week.

The price of Bitcoin Cash has decreased by 1.89% in the last hour and decreased by 5.52% in the past 24 hours. Bitcoin Cash’s price has also risen by 4.54% in the past week. The current price is €445.63 per BCH with a 24-hour trading volume of €435.96M. Currently, Bitcoin Cash is valued at 94.93% below its all time high of €8,781.09. This all-time high was the highest price paid for Bitcoin Cash since its launch.

The current circulating supply of Bitcoin Cash is 19,709,943.75 BCH which means that Bitcoin Cash has as total market cap of 19,709,943.75.

FAQ

What is the current price of Bitcoin Cash?

We update our Bitcoin Cash to EUR currency in real-time. Get the live price of Bitcoin Cash on Coinbase.

What is the market cap of Bitcoin Cash?

The current market cap of Bitcoin Cash is €8.77B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Bitcoin Cash?

The all-time high of Bitcoin Cash is €8,781.09. This all-time high is highest price paid for Bitcoin Cash since it was launched.

What is the 24 hour trading volume of Bitcoin Cash?

Over the last 24 hours, the trading volume of Bitcoin Cash is €435.96M.

What other assets are similar to Bitcoin Cash?

Assets that have a similar market cap to Bitcoin Cash include Polkadot, Polygon, Wrapped Bitcoin, and many others. To see a full list, see our comparable market cap assets.

How many Bitcoin Cash are there?

The current circulating supply of Bitcoin Cash is 20 million.

What is the typical holding time of Bitcoin Cash?

The median time that Coinbase customers hold Bitcoin Cash before selling it or sending it to another account or address is 55 days.

What is the relative popularity of Bitcoin Cash?

Bitcoin Cash ranks 23 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Bitcoin Cash?

Currently, 98% of Coinbase users are buying Bitcoin Cash. In other words, 98% of Coinbase customers have increased their net position in Bitcoin Cash over the past 24 hours through trading.

Can I buy Bitcoin Cash on Coinbase?

Yes, Bitcoin Cash is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Bitcoin Cash guide.