BitcoinCash

Bitcoin Cash (BCH) is a decentralized peer-to-peer electronic cash system that emerged as a fork of Bitcoin in 2017. It was created to address Bitcoin’s scalability issues by increasing the block size, enabling faster transactions with lower fees. Bitcoin Cash utilizes a proof-of-work consensus mechanism and shares many technical similarities with Bitcoin, including a maximum supply of 21 million coins.

Bitcoin Cash is not Bitcoin—know the difference.

Launch: Its mainnet went live on August 1, 2017.

All-time high price: $4,356 (December 20, 2017).

Market Cap: Approximately $10.68 billion.

Circulating Supply: 19.80 million BCH, with a maximum supply capped at 21 million coins.

Applications:

Bitcoin Cash is primarily used as a medium of exchange, aiming to facilitate quick and inexpensive transactions globally. Its larger block size allows for higher transaction throughput, making it suitable for everyday transactions, remittances, and microtransactions.

Bitcoin Cash supports the development of decentralized applications (dApps) and smart contracts, expanding its use cases beyond simple payments.

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