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How to Buy Bitcoin Cash
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Bitcoin Cash is a fork of Bitcoin that seeks to add more transaction capacity to the network in order to be useful for everyday transactions.
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Sign me up1.4K
-15.01%
1K
-12.95%
427
-21.94%
1.1K
CA$14.05B
CA$14.79B
20M BCH
21M BCH
20M BCH
#14
0.29%
CA$397.07M
-5.35%
CA$4.15B
CA$11.82B
CA$13.35K
13.57%
BCH vs markets
↘ 17.57%
BCH vs BTC
↘ 12.43%
BCH vs ETH
↗ 2.02%
Tags
mineable
pow
sha-256
marketplace
+8
Network | Address | |
|---|---|---|
Bitcoin Cash | NA |
Time | Price | Change |
|---|---|---|
Today | CA$704.90 | ↗ 2.00% |
1 Day | CA$684.09 | ↗ 2.00% |
1 Week | CA$746.58 | ↘ 5.90% |
1 Month | CA$807.53 | ↘ 12.94% |
1 Year | CA$614.30 | ↗ 13.57% |
Bitcoin Cash (BCH) is a decentralized cryptocurrency that operates on a peer-to-peer electronic cash system. It was "forked" from Bitcoin (BTC), the world's largest cryptocurrency, in 2017 due to a division over the protocol's future. A fork happens whenever a community makes a change to the blockchain's protocol or basic set of rules, which results in a new blockchain. In the case of Bitcoin Cash, the community set out to create a cryptocurrency that's better suited than Bitcoin for cheap, every day payments. Bitcoin itself, despite originally being named "Peer-to-Peer Electronic Cash" in its whitepaper published in 2009, may not be well-suited for use as cash in everyday purchases due to its fees. Bitcoin Cash aims to scale to accommodate global payment system demands, with a block size of 32MB as of 2023, compared to Bitcoin's 1MB block size. The larger block size of Bitcoin Cash is intended to handle more transactions per second and aims to maintain lower fees.
Bitcoin Cash operates on a Proof-of-Work (PoW) consensus mechanism, similar to Bitcoin. Miners solve complex computational puzzles to validate transactions and create new blocks. The larger block size of Bitcoin Cash allows for faster transaction processing and aims to maintain lower fees compared to Bitcoin. Bitcoin Cash also supports smart contracts and ecosystem apps. With a capped total supply of 21 million coins and a circulated supply of 19.56M tokens in November 2023, Bitcoin Cash has a limited supply and aims to facilitate easy transactions, with transactions typically costing less than a tenth of a cent.
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Trending articles
Popularity in posts
#166
Contributors
716
Posts
716
% About Bitcoin Cash
0.119%
Articles
22
Hold times
0 days
X (Twitter)
33.36% bullish
Sentiment
4.2 ★
Highlights
716 unique individuals are talking about Bitcoin Cash and it is ranked #166 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Bitcoin Cash has an average sentiment score of 4.2 out of 5. Finally, Bitcoin Cash is becoming less newsworthy, with 22 news articles published about Bitcoin Cash.
On Twitter, people are mostly neutral about Bitcoin Cash. There were 36.24% of tweets with bullish sentiment compared to 8.62% of tweets with a bearish sentiment about Bitcoin Cash. 63.76% of tweets were neutral about Bitcoin Cash. These sentiments are based on 4928 tweets.
On Reddit, Bitcoin Cash was mentioned in 405 Reddit posts and there were 1114 comments about Bitcoin Cash. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Analysis
Bitcoin Cash aims for faster transaction processing than Bitcoin, positioning itself as a viable option for daily digital transactions.
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Bitcoin Cash may struggle to differentiate itself significantly from its predecessor, potentially confusing new users and hindering widespread acceptance.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.