The price of Bitcoin Cash today is € 585.83 EUR with a 24 hour trading volume of € 3279786195 EUR. Bitcoin Cash has declined by .70% in the past 24 hours. The CoinMarketCap ranking places it at # 12, with a market cap of € 10957901205 EUR. The reserves in circulation are 18,705,069 BCH tokens and a maximum. tokens in reserve.
Bitcoin Cash is a hard fork (a code or protocol update activated by the community) of the first Bitcoin blockchain. The Bitcoin fork takes place on August 1, 2017 with the aim of increasing the size of a block to 8MB. On November 16, 2018, BCH saw a second hard fork that divided it into Bitcoin SV (Satoshi's Vision) and Bitcoin ABC. Bitcoin ABC then becomes the dominant chain and takes over the BCH ticker (index) with its hash power and number of nodes (within the network) superior.
Bitcoin Cash's most recent halving took place on April 08, 2020, when its block reward was reduced from 12.5 to 6.25.
What is the difference between Bitcoin and Bitcoin Cash?
The larger block size of Bitcoin Cash was intended to make the technology more scalable and process more transactions per second, encouraging the use of cryptocurrencies as a method of payment rather than a store of value. Typically, Bitcoin Cash's transaction fees are lower than Bitcoin's.
Date 11 April 2021