Bitcoin Cash
bch$332.80-2.18%Rank #21
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About Bitcoin Cash
Bitcoin Cash (BCH) is ranked #21 by market capitalisation, at $6.7B. Circulating supply: 20.09M BCH, out of a maximum supply of 21M. The price is 91.2% below its all-time high of $3,785.82, set on December 19, 2017. Categories: Smart Contract Platform, Layer 1 (L1), Bitcoin Fork, Proof of Work (PoW).
Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity. Bitcoin Cash intends to be a Bitcoin without Segregated Witness (SegWit) as soft fork, where upgrades of the protocol are done mainly through hard forks and without changing the original economic rules of the Bitcoin. Bitcoin Cash (BCH) is released on 1st August 2017 as an upgraded version of the original Bitcoin Core software.
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The main upgrade is the increase in the block size limit from 1MB to 8MB. This effectively allows miners on the BCH chain to process up to 8 times more payments per second in comparison to Bitcoin. This makes for faster, cheaper transactions and a much smoother user experience. Why was Bitcoin Cash Created?
The main objective of Bitcoin Cash is to to bring back the essential qualities of money inherent in the original Bitcoin software. Over the years, these qualities were filtered out of Bitcoin Core and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development.
Project description: CoinGecko (in English).