Bitcoin Cash - chaia

bch

#04

market capitalization

$4,335,265,358

price

-3.41%

$239.11

bitcoin price

-2.18%

BTC0.02952371

ethereum price

-0.91%

ETH1.37528100

24h volume

$2,865,566,997

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Bitcoin Cash details

summary

Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity. Bitcoin Cash intends to be a Bitcoin without Segregated Witness (SegWit) as soft fork, where upgrades of the protocol are done mainly through hard forks and without changing the original economic rules of the Bitcoin. Bitcoin Cash (BCH) is released on 1st August 2017 as an upgraded version of the original Bitcoin Core software. The main upgrade is the increase in the block size limit from 1MB to 8MB. This effectively allows miners on the BCH chain to process up to 8 times more payments per second in comparison to Bitcoin. This makes for faster, cheaper transactions and a much smoother user experience. Why was Bitcoin Cash Created? The main objective of Bitcoin Cash is to to bring back the essential qualities of money inherent in the original Bitcoin software. Over the years, these qualities were filtered out of Bitcoin Core and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development. The result is that Bitcoin Core is currently unusable as money due to increasingly high fees per transactions and transfer times taking hours to complete. This is all because of the 1MB limitation of Bitcoin Core’s block size, causing it unable to accommodate to large number of transactions. Essentially Bitcoin Cash is a community-activated upgrade (otherwise known as a hard fork) of Bitcoin that increased the block size to 8MB, solving the scaling issues that plague Bitcoin Core today. Nov 16th 2018: A hashwar resulted in a split between Bitcoin SV and Bitcoin ABC

price data

24h high/low:
$249.69 / $235.40
All-time-high price:
$3,785.82
All-time-high date:
Dec 20, 2017
Distance All-Time High:
-93.68%
Market Capitalization today:
$4,335,265,358

technicals

Circulating Supply:
18,121,715 BCH
Total Supply:
21,000,000 BCH
Proof Type:
PoW
Hashing Algorithm:
SHA-256
Block Time:
600 s
Block Reward:
12.5 BCH

Bitcoin Cash social charts

How do we get this data? : CHAIA aggregates news from the web based on keywords, context and quality parameters.

Bitcoin Cash Media feed

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