BCH had an all time high of $3,785.82

Bitcoin Cash (BCH)

The current Bitcoin Cash price is $440.27 with a 24-hour trading volume of $4.30B. BCH price is up 1.86% in the last 24 hours. Bitcoin Cash all-time high is $3,785.82 This ATH was reached on Dec 20, 2017. Bitcoin Cash price needs to rise 759.89% to reach a new all-time-high. It has a circulating supply of 18.65M BCH with a total supply of 21.00M BCH.

Bitcoin Cash to surpass Bitcoin Core Market Cap!

With the BCH adoption it will surely surpass BTC!

Two of the major mining pools of BCH coin has come together and introduced an initiative that will make free transactions a possibility along with lowering the transaction value. This will support the Bitcoin Cash adoption that has the BCH coin community in elation.

COMPARING BCH & BTC

An initiative to lower mining fees & transaction value

Bitcoin Cash is making a lot of developments and changes in the recent past. The latest attempt in this is made by CoinGeek and nChain that have joined their forces to initiate a “Miner’s Choice” for Bitcoin Cash (BCH). 

According to the official announcement, this initiative will allow the miners to lower their mining fees’ minimums individually. Also, the transaction value that can be sent on the blockchain will be lowered. 

The plan here is to make the adjustments in the settings of the software running on the BCH mining units. 

Two changes that will be made involve the first adjustment which will remove the current minimum “dust limit” of 546 Satoshi. This adjustment will make it possible for the users to send “as little as 1 Satoshi (one hundred millionth of a single Bitcoin Cash coin) via a BCH transaction”.

"miners should be able to accept free transactions, rather than requiring users to pay a minimum of 1 Satoshi per byte"

Plans to accelerate BCH coin adoption

CoinGeek and nChain are two of the major mining pools of BCH that is not only accepting but have initiated this proposal. Lowering the fees will only further facilitate BCH adoption as stated by the official press release, 

“if miners choose to accept some transactions with zero mining fee, this further encourages more Bitcoin Cash transaction usage.”

Moreover, if the free transaction becomes a possibility, miners will also have the freedom to set more free level ranges i.e. from even zero to really small amounts. This will give the users more choice to decide how much exactly they want to pay for sending a BCH transaction depending on the speed of the transaction they want it to be.

This will certainly aid in the BCH adoption as put by CoinGeek.