Coin Information - Bitcoin Cash - BCH



BCH
Bitcoin Cash

Market Capitalization
USD 1,697,078,477
24hr Volume (Global)
65,821,334.7
Circulating Supply
17,508,063
Current Price
USD 96.9312553697
Date (UTC)
2018-12-13 12:19:45
Bitcoin Cash BCH is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However, two main differences are the block size limits, as of August 2017 Bitcoin has a 1MB block size limit whereas BCH proposes 8MB blocks. Also, BCH will adjust the difficulty every 6 blocks as opposed to 2016 blocks as with Bitcoin.
Bitcoin Cash is a proposal from the via BTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called “Bitcoin Cash”. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split BCH for the customer.