Bitcoin Cash
Market Capitalization
https://coinmarketcap.com/currencies/bitcoin-cash/
Description
Bitcoin Cash is a hard fork of Bitcoin , created with the aim of being more efficient, by increasing the block size to 8 MB, which, according to the creators is the solution to the scalability problems of Bitcoin .
Being a hard fork, those who held Bitcoins in a wallet at the time it happened received an equal amount of Bitcoin Cash.
What is the problem Bitcoin Cash proposes to solve
Increase the scalability of transactions by increasing the block size to 8 MBs, coupled with a faster adjustment of the mining difficulty.
The creators of Bitcoin Cash promise a faster confirmation of transactions and a reduction in transaction costs.
Type
Coin
Symbol
BCH
Currency Supply Limit
21 Million
Official Project Website
https://www.bitcoincash.org/
Whitepaper
Bitcoin Cash presents as its White Paper, the original of Satoshi Nakamoto
Year of creation
2017
Created by
Amaury Sechet
Transaction Validation Method
Proof-of-work
Cryptographic Protocol
SHA-256
Code Type
Open-Source ( Github project )
Blockchain Explorers
https://blockchair.com/bitcoin-cash/blocks
https://bitcoincash.blockexplorer.com/
https://www.blocktrail.com/BCC
Acquisition Forms
- Direct purchase
- Mining (proof-of-work)
Useful Websites
Wikipedia - https://en.wikipedia.org/wiki/Bitcoin_CashStatistics - https://bitinfocharts.com/bitcoin%20cash/
Trade Charts and Statistics - https://www.tradingview.com/symbols/BCHUSD/
History
July 2017 - Some exchanges start the trading of Bitcoin Cash futures
August 01, 2017 - Hard fork occurs in the Bitcoin network that gave rise to Bitcoin Cash
November 11, 2017 - Bitcoin's Segwit2x does not happen, causing an increase in the price of Bitcoin Cash
November 13, 2017 - The mining difficulty adjustment algorithm is replaced due to the rapid fluctuation of the difficulty caused by the previous algorithm
December 2017 - Bitcoin Cash is listed on Coinbase, one of the largest exchanges in the world, causing a rapid increase in its price.
March 01, 2017 - A lawsuit against Coinbase is filed, alleging that there are internal manipulations during the launch of Bitcoin Cash on the Platform