Written by Emaad

On April 17, 2020

Bitcoin Cash (BCH) Profile

bitcoin-cash
Bitcoin Cash (BCH)
Rank: 5
$ 347.02
Price (BTC)
Ƀ0.01821400
Marketcap
$ 6.45 B
Volume
$ 6.34 B
24h Change
8.51%
Total Supply
21.00 M BCH

Bitcoin Cash (BCH) forked from Bitcoin on August 1, 2017 as a result of a consensus dispute over the path to scalability. While Bitcoin (BTC) devs insisted on keeping block size small and scaling using Layer 2 solutions such as Lightning Network, the proponents of Bitcoin Cash wanted to scale by increasing the block size and allowing more transactions to fit in each block.

Each method has its pros and cons, and both have coexisted as market participants continue to speculate and support both blockchains concurrently.

Bitcoin Cash is a fork of Bitcoin and shares the same UTXO blockchain model. It is an altcoin to Bitcoin.

Other Crypto Profiles:

Metal (MTL) Profile

Metal (MTL) Profile

Metal (MTL) is the native currency of Metal Pay, Metal X, and Metal Vault. Designed to make cryptocurrency payments fast and easy, users pay zero fees when sending, receiving, buying, or selling MTL. Additionally, users pay substantially less fees...

Proton (XPR) Profile

Proton (XPR) Profile

Launched in 2020, Proton is a new public blockchain and smart contract platform designed for both consumer applications and peer-peer payments.  Proton is built around two key components: a secure identity and financial settlements layer that allows...

Bitcoin (BTC) Profile

Bitcoin (BTC) Profile

Bitcoin launched on January 3, 2009 when an anonymous figure known as Satoshi Nakamoto mined the first block, or what is otherwise known as the “Genesis Block”. Satoshi introduced Bitcoin to other individuals over the web through forums, and thus,...

Ethereum (ETH) Profile

Ethereum (ETH) Profile

Ethereum (ETH) is an open-source platform that allows anyone to create a project based on the Ethereum blockchain that reliably executes whatever code it was designed with. Many other cryptocurrencies are built on the Ethereum blockchain, making...

Ripple (XRP) Profile

Ripple (XRP) Profile

Ripple (XRP) is a cryptocurrency intended to act as a source of liquidity for cross-border payments. Designed with financial institutions in mind, XRP has made inroads with traditional banks, investment firms, and other similar businesses to bring...

EOS (EOS) Profile

EOS (EOS) Profile

EOS is a blockchain-based, decentralized system that enables the development, hosting, and execution of commercial-scale decentralized applications (dApps) on its platform. Founded in 2017, EOS is built on the delegated proof-of-stake (DPoS)...