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    Cryptocurrencies Binance-Peg Bitcoin Cash
    $112.092 $ 112.092
    +¥5204,24 0% 1D
    1D 1M 1Y ALL
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    • About Binance-Peg Bitcoin Cash (BCH)

      In 2008, Satoshi Nakamoto published the famous white paper "Bitcoin: A Peer-to-Peer Electronic Cash System". In 2009, he released the first version of Bitcoin software. In the following years, the Bitcoin network ran smoothly, and transactions could be quickly confirmed with low handling fees.

      However, from 2016 to 2017, Bitcoin became increasingly unstable and expensive. This is because the community failed to reach a consensus on improving network capacity. Some developers did not understand or agree with Nakamoto's plan. Instead, they wanted Bitcoin to become a settlement layer.

      By 2017, due to availability issues, the market value of Bitcoin had dropped from 95% to 40%. Fortunately, most of the Bitcoin community, including developers, investors, users and businesses, still believed in the original vision of Bitcoin - a peer-to-peer electronic cash system that could be used by people around the world with low handling fees.

      BTC was forked into two independent Bitcoin (BTC) and Bitcoin Cash (BCH) on August 1, 2017. Bitcoin Cash was born, and its total amount reached 21 million. The block size of Bitcoin Cash (BCH) is 8MB, and the block size of Bitcoin (BTC) was decided to increase from 1MB to 2MB within six months on the same day. At that time, the person holding Bitcoin (block 478558) would automatically become the holder of Bitcoin Cash (BCH). The Bitcoin Cash network now supports blocks up to 32MB, and has been studying how to carry large-scale growth in the future.

      How does Bitcoin Cash (BCH) Work?

      The working principle of Bitcoin Cash is the same as that of Bitcoin from the technical level. Bitcoin Cash and Bitcoin have a hard upper limit of 21 million assets. Both of them validate transactions through nodes and use the PoW consensus algorithm. PoW means that miners use computer capabilities to verify transactions and then earn BCH rewards according to the corresponding contributions.

      However, with its large block size, BCH has better operation speed and lower transaction costs than Bitcoin.

      In general, Bitcoin Cash is more suitable for transactions with small capital, such as buying a glass of beer. In order to meet the transaction needs of users with larger capital scales, Bitcoin Cash supports smart contracts and applications, such as CashShuffle and CashFusion.

      CashShuffle - a coin mixing protocol. BCH holders who use some wallets can enjoy this protocol. Its role is to shuffle your Bitcoin Cash with other holders before trading, so as to ensure that your transaction is private and will not be easily tracked. The reason is that Bitcoin Cash is a public ledger.

      Even so, for some other reasons, people will find that coin mixing is not reliable in real time. First, it requires users to trust third-party services. When users consider that encryption means autonomy or pseudonym, they will find some black humor in it. Mixing may require payment, which is not a good experience for those who regularly trade. Several jurisdictions have spoken with cryptocurrency mixers to inform them that funds entering such platforms are usually obtained through illegal activities.

      CashFusion does not mix transactions with other transactions, but puts users' BCH in a single large transaction filled with other CashFusion users. After that, it will send BCH back to your wallet - except that your transaction has been confused and combined with many other transactions, so that no one can track the path you hold (ideally).

      CashShuffle and CashFusion are two recognized applications in the Bitcoin Cash ecosystem, but in fact they are only the tip of the iceberg. BCH has inspired dozens of protocols and other projects to expand the technology and make it more accessible to all users.

      What is Bitcoin Cash (BCH)?

      Like Bitcoin, bitcash BCH is also a cryptocurrency based on decentralization, peer-to-peer network and consensus initiative, open-source code and blockchain as the underlying technology. The relevant communities have had a long and fierce debate on the expansion of Bitcoin, with a time span of 3 years.

      The final result of this debate is that on August 1, 2017, Bitcoin Cash was hard forked at the block height of 478,558, and distributed according to Bitcoin 1:1, with a total amount of 21 million. The isolated witness was deleted, and the upper limit of the block was upgraded to 8M and then to 32M. Bitcoin Cash has solved the problems of high handling fees, slow confirmation and poor practicability of the old Bitcoin system through chain expansion, and realized the original intention of Bitcoin "peer-to-peer electronic cash". Bitcoin Cash is currently maintained by several different development teams. In daily life, more and more merchants accept BCH payment, and the recognition received by BCH is increasing.

      Bitcoin Cash (BCH) Crypto Wallet

      In addition to placing BCH in the Gate.io exchange to facilitate trading, BCH can also be placed in a crypto wallet.

      The development team of BCH community recommends Bitcoin.com, eElectron Cash, bitpay and other wallets.

      Bitcoin is committed to providing users with a better experience of Bitcoin wallet, it covers the use of mobile and web terminals. Users can download and install Bitcoin.com wallets on the Bitcoin.com homepage.

      Electron Cash - control your own private key, use mnemonic phrases to easily back up your wallet, and enjoy high security without downloading the blockchain or running the complete node.

      In the actual demand environment, users can choose more suitable wallet products according to their own use needs.
    • Binance-Peg Bitcoin Cash Market

      Currency Price 24H Change Action
      Binance-Peg Bitcoin Cash
      BCH /USDT
      10X Margin
      $112.092 +0% Trade
      Binance-Peg Bitcoin Cash
      BCH /USDT
      $112.55 +0.36% Trade
      Binance-Peg Bitcoin Cash
      BCH /USDT
      $112.092 +0% Trade

    Binance-Peg Bitcoin Cash FAQs

    • 1. What determines the price of Binance-Peg Bitcoin Cash?
      There are two schools of thought in determining the price of Binance-Peg Bitcoin Cash.

      By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Binance-Peg Bitcoin Cash, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Binance-Peg Bitcoin Cash from a long term perspective.

      By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Binance-Peg Bitcoin Cash on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Binance-Peg Bitcoin Cash as well.

      HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Binance-Peg Bitcoin Cash and the cryptocurrency market as a whole.
    • 2. What is the highest price of Binance-Peg Bitcoin Cash in history?
      Binance-Peg Bitcoin Cash achieved the all-time high of $808.45 in 2021-05-27, and is currently trading at $112.09.
    • 3. What is the lowest price of Binance-Peg Bitcoin Cash in history?
      In 2021-06-22, Binance-Peg Bitcoin Cash reached the all-time low of $1.00.
    • 4. Should I buy Binance-Peg Bitcoin Cash now?
      It is important to remember that Binance-Peg Bitcoin Cash, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

    Binance-Peg Bitcoin Cash Calculator

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