What is Bitcoin Cash (BCH)?
Bitcoin Cash is a hard fork of Bitcoin, and the main aim of this is to improve multiple inherent drawbacks of bitcoin-including faster transactions and bigger block sizes. Bitcoin cash is a digital currency that is spread out across many different computers all over the world. Bitcoin cash was created as a result of diverging viewpoints within the bitcoin community about how to scale the network. The symbol of Bitcoin Cash is BCH.
Bitcoin Cash (BCH): History
Bitcoin Cash was launched on August 1, 2017, as a fork of Bitcoin and it was led by James Hillard when he suggested, and the community accepted, Bitcoin Improvement Proposal (BIP) 91 and activated Segregated Witness (SegWit).
Some members of the bitcoin community thought that choosing BIP 91 without increasing the block-size limit favored people who wanted to treat bitcoin as a digital investment rather than as a transactional currency.
How Does Bitcoin Cash (BCH) Work?
Bitcoin Cash brings many advantages to the world, meeting the original promise of Bitcoin as “Peer-to-Peer Electronic Cash.” It is a cryptocurrency which is completely decentralized, that means there is no central authority of the currency. Nobody can monitor the transactions and its fast just because of its Peer to Peer technology to transfer money. When a transaction, the sender needs to initiate the ‘send’ command which includes the receiver’s Bitcoin Cash wallet and the amount. Its Responsive Proof-of-Work difficulty adjustment enables miners to migrate from the legacy Bitcoin chain as sought while protecting against hashrate fluctuations.
How to Buy Bitcoin Cash (BCH)?
Same as other cryptocurrencies, you have to open a bitcoin cash wallet first to store the coin safely. One of the most recommended wallet for Bitcoin cash is BTC.com. For hardware wallets that provide the most secure method to hold cryptocurrencies, you can use Trezor or Ledger. Then you need to find the bitcoin cash exchange. You can choose Coinbase; it is one of the biggest cryptocurrency exchanges that provide Bitcoin cash trading with US dollars.
Bitcoin Cash (BCH) Price Prediction 2018
BCH can be a profitable investment option. Bitcoin Cash price equal to 789.596 USD at 2018-02-06. If you buy Bitcoin Cash for 100 dollars today, you will get a total of 0.127 BCH. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-02 is 28715.5 US Dollars. With a 5-year investment, the revenue is expected to be around +3536.73%. Your current $100 investment may be up to $3636.73 in 2022. Bitcoin Cash (BCH) price today is $820.17 and have the current supply of 16,951,788 BCH. The market cap value is $13,903,279,747, and the volume is marked as $609,077,000. Bitcoin Cash (BCH) price today, Bitcoin Cash (BCH) where to buy, Bitcoin Cash (BCH) price chart, Bitcoin Cash (BCH) history, Bitcoin Cash (BCH) market cap, Bitcoin Cash (BCH) exchanges, Bitcoin Cash (BCH) mining, Bitcoin Cash (BCH) mining software.