Bitcoin Cash BCH

 

 

Bitcoin Cash BCH

• Bitcoin Cash (BCH) is a new digital asset that is generated by being derived from the hard fork of Bitcoin (BTC). Users who held BTC until a certain block point in time received the same number of additional BCHs, and in this way, it was distributed as much as the mining volume of existing BTC.

 

UPbit

 

First issue	2017.08.	Total issue limit	21,000,000
market capitalization		Current Distribution
As of March 19, 2024 (Courtesy of Coin Market Cap)	￦ 9.7 Trillion	As of March 19, 2024 (Courtesy of Coin Market Cap)	19,672,494
As of March 19, 2024 (Courtesy of CoinGecko)	￦ 9.7 Trillion	As of March 19, 2024 (Courtesy of CoinGecko)	19,672,487

 

 

Characteristics

1. BTC was limited to 1MB in size for all blocks, but BCH wanted to expand the size of the blocks by 2 to 8 times compared to the previous one to speed up transaction verification and lower fees.
2. The size of the block has expanded, alleviating the high commission and latency issues BTC had, but increasing the capacity of the core exponentially.
3. BCH is mined using the Proof of Work (PoW) method based on the SHA-256 algorithm.

 

Vision

• BCH, which was born as a hard fork in BTC, brought BTC's high mining difficulty as it was, so block generation was delayed and the required computing power capacity increased, leaving only miners who could afford it. In the future, BCH is expected to continue updating its digital assets optimized for consumption and payment.