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EQS TodayIR | Last Updated: 29 Jul, 2021 02:30 pm
SEHK: 0863
Change
HKD17.56
+1.02 (+6.17%)
EQS TodayIR | Last Updated: 29 Jul, 2021 02:30 pm

What is Bitcoin Cash?

Bitcoin Cash (BCH) is a digital currency that is a fork of Bitcoin. As Bitcoin Cash is a result of a chain split from Bitcoin, it shares much of Bitcoin’s fundamentals. In fact, they even share the same history. Due to it being a fork of bitcoin, all on-chain data prior to the split are inherited. 

Like Bitcoin, BCH is a peer-to-peer electronic cash system, using the same SHA-256d-based Proof-of-Work consensus mechanism as Bitcoin. BCH also has a target block time of 10 minutes, and its total supply is capped at 21 million.

On November 16th 2018, the Bitcoin Cash blockchain withstood another hard-fork, which resulted in a chain split into Bitcoin Cash SV and Bitcoin Cash ABC. Since then, Bitcoin Cash ABC has commonly used the BCH ticker and referred to as Bitcoin Cash. 

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