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What is Bitcoin Cash (BCH)?

Bitcoin Cash basic info

Name:Bitcoin Cash
Ticker:
Introduction:

Hardfork

Bitcoin Cash is the result of a hard fork. But what is a hard fork? A hard fork is an event that comes from a change. A fork is a separation of a blockchain into several parts.

There are two main categories of changes. Either the changes are backward compatible with the software, and therefore it is possible to implement them directly without changing much, in this case, it is called a soft fork. In case the update is more complex, and the community is divided, then we call it a hard fork.

A hard fork results in the creation of a new blockchain. We have seen this, for example, with Ethereum and the Ethereum Classic. Following the hack of a contract on Ethereum, the community decided to create a new blockchain without accounting for the money that had been stolen by the hacker. Another well-known example is Bitcoin and Bitcoin Cash.

Bitcoin Bitcoin Cash, the story

In August 2017, when Bitcoin started to really make news in the media, we noticed that on the Bitcoin network congestion and, therefore, transactions that, instead of taking between 1 and 10 minutes, were taking between 1.5 and 3 hours. The fees, instead of costing between 1 and 5 dollars, were costing between 10 and 30 dollars. The Bitcoin community split in two, with one side wanting to keep the code the same. The second wanted to improve the code to be more efficient. So Bitcoin Cash was created.

Bitcoin Cash is a kind of new Bitcoin where the block sizes are larger than on Bitcoin; therefore, it is possible to make more transactions per second.

Today in Bitcoin Cash, there are new conflicts that could lead to new hard forks. This would mean that, once again, the source code would be copied.

Should you invest in Bitcoin or Bitcoin Cash?

Bitcoin Cash is not the new Bitcoin or the original Bitcoin. In fact, some people would rather call it BCash.

Where there is a big debate is who was for the creation of Bitcoin Cash. It seems that there was not a majority of the Bitcoin community. However, a minority had many shares of the mining power. This allowed them to be very strong in negotiations. In particular, there was a stakeholder named Bitmain, along with other well-known players in the crypto world, who came out in favor of Bitcoin Cash.

Bitcoin Cash fees are lower than Bitcoin fees. This is well illustrated by the site txstreet. That said, Bitcoin's Lightning Network technology makes it possible to conduct transactions almost instantaneously and with very low fees.

Bitcoin Cash first proposed increasing the block size to 8MB, and it is now at 32MB.

What we have to tell ourselves when we choose investment support is not only a question of looking at who is going to be the best. This is a criterion but not the only one. What we need is a strategy. For example, a diversification strategy. You also need to spread your risk.

We won't go into all the technical details that separate Bitcoin from Bitcoin Cash in this article.

Conclusion

What you should know is that when there was this fork, all Bitcoin holders were automatically allocated Bitcoin Cash. During hard forks, there are often risks related to liquidity. Hard forks often generate volatility. A soft fork does not generate the creation of a new token.

Many people see Bitcoin Cash as simply an opportunity for some to create a new cryptocurrency. Bitcoin and Bitcoin Cash share the same roots and operate in very similar ways. The main difference between Bitcoin and Bitcoin Cash is the block size, which is 1MB for Bitcoin versus 32MB for Bitcoin Cash. We at Bitget are non-judgmental and leave our customers free to choose which crypto they want to use.

Consider investing? It only takes 2 minutes to create an account on Bitget and start trading Bitcoin Cash (BCH).

Disclaimer: All products and projects listed in this article are not endorsements and are provided for informational purposes only.

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Current price:
All-time high:$4,355.62
All-time low:$75.08

BCH supply and tokenomics

Circulating supply:19,805,560 BCH
Total supply:19,805,559.38 BCH
Max supply:21,000,000 BCH
Market cap:$9.04B
Fully diluted market cap:$9.58B
Tokenomics:

Uniqueness

Unlike Bitcoin, Bitcoin Cash aims to scale to meet the demands of a global payment system. At the time of the split, the Bitcoin Cash block size was increased from 1MB to 8MB. An increased block size means Bitcoin Cash can now handle significantly more transactions per second (TPS) while keeping fees extremely low, solving the issues of payment delays and high fees experienced by some users on the Bitcoin BTC network.

As of 2023, Bitcoin Cash has a block size of 32MB, compared to Bitcoin’s block size of 1MB.

Token utility

BCH is used as a native currency within the Bitcoin Cash network. BCH can be used for peer-to-peer payments and value storage within the Bitcoin Cash network. With its larger block sizes (relative to Bitcoin), Bitcoin Cash aims to offer high throughout and on-chain scalability through increased block sizes, aiming to reduce the reliance on off-chain scalability solutions for transactions.

Links

Buy Bitcoin Cash for $1Buy BCH now

What is the development prospect and future value of BCH?

The market value of BCH currently stands at $9.04B, and its market ranking is #19. The value of BCH is widely recognized by the market. When the bull market comes, the market value of BCH will likely continue to increase.

Moreover, if BCH can play a greater role in practical applications, such as Bitcoin Cash builders fully leveraging the potential of BCH, partnering with more businesses, and increasing its user base, the long-term value of BCH will be significantly enhanced.

What will the price of BCH be in 2025?
Based on BCH's historical price performance prediction model, the price of BCH is projected to reach $550.79 in 2025.
What will the price of BCH be in 2030?
In 2030, the BCH price is expected to change by -5.00%. By the end of 2030, the BCH price is projected to reach $1,036.41, with a cumulative ROI of +127.35%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of BCH and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is BCH worth investing or holding? How to buy BCH from a crypto exchange?

If you want to buy BCH, the following information may be helpful for your investment decisions:
In the last 7 days, the price of BCH has fallen by -14.74%, leading to negative returns for most BCH investors. The market is currently pessimistic about the price trend of BCH.
It is important to note that the current price of BCH has retreated by -89.52% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether BCH is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in BCH or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of BCH, if you want to buy or sell BCH, you can consider Bitget for your trading needs. The best place to buy BCH is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Bitcoin Cash has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Bitcoin Cash. Here's a step-by-step guide on how to buy Bitcoin Cash on Bitget.

How to get Bitcoin Cash through other methods?

Using cash to buy Bitcoin Cash is not the only way to obtain Bitcoin Cash. If you have the time to spare, you can get Bitcoin Cash for free.
Learn how to earn Bitcoin Cash for free through the Learn2Earn promotion.
Earn free Bitcoin Cash by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Bitcoin Cash airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Bitcoin Cash through Bitget Convert, Bitget Swap, or spot trading.

What is Bitcoin Cash used for and how to use Bitcoin Cash?

The use case of Bitcoin Cash may expand as the crypto market and the project itself develop. Currently, you can use BCH to achieve the following goals:
Arbitrage by trading BCH: Since BCH is a frequently traded cryptocurrency, the price of BCH is always fluctuating. Earn more BCH by buying low and selling high on the exchange. Bitget spot market provides a variety of BCH trading pairs to fully meet your needs.
Earn by staking BCH: You can also generate income through financial management methods such as staking BCH or lending BCH. Bitget Earn offers a variety of financial products designed to help you earn more income from your BCH.
Send or pay BCH: If you want to give BCH to your friends, a charity, or a fundraiser, or you want to pay someone with BCH, you can quickly and easily send BCH to the recipient through their payment address.
You can also go to the official website of the Bitcoin Cash project to learn more about the use cases of BCH. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

Bitcoin Cash Wiki

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BCH resources

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BCH price calculator

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BCH
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1 BCH = 454.71 USD
Last updated (UTC-0)
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