Bitcoin Cash (BCH)

BTC / USD – consensus

UP probability 67.2%

Social TA talk (Tw,Fb,Rd,Bg,Tg)Up

68.3%

Social TA talk (Tw,Fb,Rd,Bg,Tg)Down

67.1%

Current Price

$ 7490.21

0.1057100884

Next Update in

(Trendview top TA talk) Up

UP Probability 67.8%
Down Probability 66.9%

Positions

Long 7535-7655-67.5%

Current 7490.21

Short 7455-7307-65.1%

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What is Bitcoin Cash?

Bitcoin Cash is a fork of Bitcoin. The fork occurred on the 01. August 2017. Bitcoin Cash increased the block size to 8MB and BCH uses a different difficulty adjustment, as well as different transaction signatures than BTC.

The maximum supply of BCH is similar to Bitcoins, 21 million units, and the circulating supply is slightly higher due to mining difficulty adjustments. The block time is 10 minutes.

The forked coins with the ticker BCH were airdropped to BTC holders at a 1:1 ratio after the hard fork.


Who founded Bitcoin Cash?

Several developers from Bitcoin Unlimited, Bitcoin XT, and BitcoinABC, among others, decided to fork from the original Bitcoin chain and developed Bitcoin Cash.

Prominent supporters are Roger Ver, Craig Wright and Jihan Wu from Bitmain. The name Bitcoin Cash was proposed from the Chinese mining pool ViaBTC.


Can Bitcoin Cash be mined?

Yes, the consensus mechanism is PoW, and it uses the SHA256 mining algorithm.


What differs Bitcoin Cash from other Cryptocurrencies?

Bitcoin Cash is based on the original Bitcoin source code, with the difference of bigger blocks (8MB) and in contrast to Bitcoin it does not focus on becoming a store of value, instead aims to be used for digital payments only.

CONSENSUS Telegram Updates: https://t.me/blockchainwhispers

How much is Bitcoin Cash worth today?


What is the total and the circulating supply?

The total supply of BCH is 21 000 000 and the circulating supply at the time of writing is 17 084 813 BCH.


You can buy BCH on several cryptocurrency exchanges, most notably Coinbase, GDAX, Binance, Bitfinex, Huobi, Kraken, OKEx, and HitBTC.


Can BCH be sold for cash?

Can BCH be sold for cash

You can sell BCH for cash on several cryptocurrency exchanges that have fiat-pairings, most notably Coinbase, GDAX, Bitfinex, and Kraken.


Future Development

Bitcoin Cash will get a hard fork itself on 15. May 2018. The update will further increase the block size, to 32 MB. Additionally, native tokens, like ERC20 for Ethereum, will be implemented on the BCH blockchain through the re-introducing of Opcodes, which were deactivated on BTCs blockchain from Satoshi Nakamoto due to security reasons.

And the developers are thinking about reducing the block time to 2,5 minutes, similar to Litecoin.


Verdict and Rating

2/10 Increasing the block size to 8 MB favors node centralization profoundly, let alone 32 MB.

BCH mining is today already highly centralized. The re-implementation of Opcodes is another thing I am highly skeptical about; Satoshi Nakamoto deactivated them in the BTC chain for a good reason. BCH is seen by many as an attempt of a hostile takeover of the Bitcoin blockchain.

Blockchain Whispers, the most advanced free crypto telegram channel in existence, warned about Bitcoin Cash multiple times. If you want to participate you can join for free at https://t.me/blockchainwhispers
2 / 10.0
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Disclaimer

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.