Bitcoin Cash

USD $110.70
stockPerformance 3.83 (3.46%)
Updated: 12 Jan, 2:38 pm UTC
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Bitcoin Cash (BCH) is a cryptocurrency that was created in 2017 as a result of a hard fork of the Bitcoin blockchain. The hard fork was initiated by a group of developers and miners who wanted to increase the block size of Bitcoin in order to improve scalability and reduce transaction fees. This fork created two separate networks: Bitcoin (BTC) and Bitcoin Cash (BCH). Bitcoin Cash is a peer-to-peer electronic cash system designed to provide users with a more reliable and efficient way of transferring funds without the need for third-party intermediaries.

The Bitcoin Cash project was initiated by early Bitcoin adopters Roger Ver and Jihan Wu, who believed that increasing the block size was necessary to ensure the long-term success of Bitcoin. The project was launched on August 1st, 2017 and quickly gained support from a number of influential figures in the cryptocurrency space. Since its launch, Bitcoin Cash has become one of the most popular and widely used cryptocurrencies in the world. It is accepted at a number of major merchants and exchanges, and it is gaining traction as a payment method for goods and services.