About Bitcoin Cash (BCH)
Bitcoin Cash (BCH) was created in 2017 by forking Bitcoin's (BTC) blockchain. A fork is a split in the blockchain network - this happens when developers have different ideas about the use of the blockchain. BCH has faster verification time than BTC, making it quicker and cheaper for payments. BCH's goal is to compete with online payments systems, such as PayPal and Visa.
Using Bitcoin Cash (BCH) price information
The availability of Bitcoin Cash’s price information empowers investors to stay informed about market movements, evaluate their portfolio’s performance and make informed investment strategies.
Frequently asked questions
How is the price of Bitcoin Cash determined?
Bitcoin Cash, similar to Bitcoin, has a total supply of 21 million coins, with a circulating supply determined by market demand and supply. The price fluctuates based on the balance between buyers’ bids, and seller's offers for Bitcoin Cash.
How does Bitcoin Cash differ from Bitcoin, and what led to its creation?
The key difference between Bitcoin and Bitcoin Cash lies in their block sizes. Bitcoin Cash has larger block sizes (32 MB), allowing for lower transaction costs (less than a penny) and higher transactions throughout (up to 200 transactions per second).
Where can Bitcoin Cash be bought?
BTC Markets caters to a wide range of traders, including individuals, institutional investors, and self-managed super funds. It provides 24/7 account trading, competitive fees, robust APIs, OTC options, portfolio management, and various other features.
What makes Bitcoin Cash valuable?
Bitcoin Cash is a valuable cryptocurrency since:
- It offers faster and cheaper transactions, with transaction costs as low as one US penny.
- It has the potential to process over 100 transactions per second, making it a highly scalable payment platform.
- It provides accessibility, being one of the most popular and easily purchasable cryptocurrencies.
- It offers a decentralised currency system free from control by any capitalised entity.