Bitcoin Cash (BCH)
|Market Cap||Volume||Available Supply|
|$5.56 B||$1.76 B||18.96 M BCH|
Bitcoin Cash price today is $292.64, Bitcoin Cash price -3.17% down in 24h, Bitcoin Cash market cap is $5.56 B, Bitcoin Cash exchanges, Bitcoin Cash price prediction, price charts, market live
Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash.
It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
In simple terms Bitcoin Cash is essentially identical to Bitcoin, but with the important distinction that it has more block size capacity.
The biggest reason Bitcoin cash was created because of Bitcoin scalability limitation.
Bitcoin transactions are completed when a “block” is added to the blockchain. A full 1Mb Bitcoin block generally contains around 2000 transactions and generally takes around ten minutes to process.
If you compare this to the 2,000 transactions per second that Visa can handle, you can analyze the comparison between two in the speed and volume of transactions.
Bitcoin Cash raised the block size limit to 8MB and managed to fix the Bitcoin scalability limitations, which resulted in low fees and fast transaction confirmations.