Bitcoin Cash
Current price
$263.50
−5.15%24h
LiveUpdated 27s ago
TodayBitcoin Cash drops 5.1%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.19%
- 24 hours−5.15%
- 7 days−10.77%
- 30 days+18.78%
- 1 year−49.39%
Bitcoin Cash's move in context
Lagging the market today
−5.15% today against −3.27% for the market as a whole, a gap of 1.9 points. Small gaps like this are common, so they don't point to anything specific.
Trend has turned
−10.8% over 7 days and +18.8% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Bitcoin Cash
Bitcoin Cash (BCH): A Scalable Solution for Peer-to-Peer Electronic Cash
Bitcoin Cash (BCH) is a decentralized cryptocurrency that emerged as a result of a hard fork from Bitcoin in August 2017. The primary goal of Bitcoin Cash is to serve as a peer-to-peer electronic cash system, enabling fast, affordable, and secure transactions across the globe. The creation of Bitcoin Cash was driven by concerns over Bitcoin's scalability issues, particularly its limited block size, which was causing slow transaction times and increasing fees. By increasing the block size from 1 MB to 8 MB (and later to 32 MB), Bitcoin Cash aims to process more transactions per second, thus offering a more scalable solution for everyday use.
Key Aspects of Bitcoin Cash
Scalability and Larger Block Size: One of the defining features of Bitcoin Cash is its larger block size, which allows for a higher number of transactions to be processed in each block. This increase in block size addresses the scalability issues that Bitcoin faced, making Bitcoin Cash a more practical option for everyday transactions. The larger block size also helps keep transaction fees low, which is crucial for enabling microtransactions and making Bitcoin Cash a viable alternative to traditional payment methods.
Peer-to-Peer Electronic Cash: Bitcoin Cash stays true to the original vision of Bitcoin as outlined in Satoshi Nakamoto's whitepaper—a peer-to-peer electronic cash system. While Bitcoin has increasingly been viewed as a store of value, akin to "digital gold," Bitcoin Cash focuses on its use as a medium of exchange. This makes BCH more suitable for everyday purchases, remittances, and other transactions where speed and cost-effectiveness are essential.
Decentralization and Security: Like Bitcoin, Bitcoin Cash operates on a decentralized network of nodes that validate and secure transactions. It uses a Proof of Work (PoW) consensus mechanism, ensuring that no single entity controls the network. This decentralization is key to the security and censorship resistance of Bitcoin Cash, making it a reliable and secure payment system for users around the world.
Global Adoption and Use Cases: Since its inception, Bitcoin Cash has gained a significant following and has been adopted by various merchants, payment processors, and financial institutions worldwide. It is accepted as a payment method by numerous online and brick-and-mortar retailers, enabling users to purchase goods and services with BCH. The cryptocurrency is also used for remittances, cross-border transactions, and charitable donations, offering a fast and cost-effective alternative to traditional banking systems.
Ongoing Development and Community Support: The Bitcoin Cash community is actively involved in the development and promotion of the cryptocurrency. Various teams and organizations are working on improving the Bitcoin Cash protocol, enhancing its features, and expanding its use cases. This ongoing development ensures that Bitcoin Cash remains competitive and continues to evolve in response to the changing needs of the market. The community's commitment to maintaining Bitcoin Cash as a decentralized, scalable, and user-friendly cryptocurrency is a testament to its long-term potential.
Challenges and Competition: Despite its advantages, Bitcoin Cash faces challenges, particularly from other cryptocurrencies that also aim to serve as peer-to-peer electronic cash. Additionally, the debate over the best approach to scalability remains a contentious issue within the cryptocurrency community. However, Bitcoin Cash's focus on practical usability, low fees, and fast transactions makes it a strong contender in the race to become the leading global digital currency for everyday transactions.
Bitcoin Cash market
- Position by market cap among the coins we track.
- #23
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $5.3B
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $258.10High $280.70
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $3,785.82
- Now 7% of itReached 20 Dec 2017 · Needs +1,337% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 20.1M BCH
- 96% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 21M BCH
- The most coins that can ever exist. Some coins have no limit.
Bitcoin Cash converter
1 Bitcoin Cash = $263.50
