Bitcoin Cash (BCH)

proof of work
sha256
payments
cryptocurrency
mining
#5

Marketcap Ranking

209.4907 (-7.59%) arrow_drop_down

Market Price (24h change)

3,797,466,967

Total Market Cap

3.6

2.2

info_outline What is Bitcoin Cash

4.7

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Short Description

Bitcoin Cash is a cryptocurrency. It is a fork (a copy in a way) of Bitcoin (BTC). It was created in August 2017 as a result of a disagreement on bitcoin scalability problems. Influential miners, developers and investors not content with the Segregated Witness feature of Bitcoin (BTC) decided to increase bitcoin transaction capacity eight times by making the block size bigger.

There is no technology description for Bitcoin Cash yet.

We can not provide any looks into the future for Bitcoin Cash yet.

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Introduction Video

Bitcoin Cash Explained | Aimstone

Bitcoin Cash was launched in August 2017 and since become Bitcoin’s most popular cryptocurrency that has forked from bitcoin network. The reason of this fork is to increase the blo ...

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Screenshot from Website

www.bitcoincash.org
BCH Websitemore_vert

Visit Webpage

Website Informationclose

Organization:
Name: REDACTED FOR PRIVACY
Country: FR
City: REDACTED FOR PRIVACY
Zipcode: REDACTED FOR PRIVACY
Address: REDACTED FOR PRIVACY
Mail: abuse@support.gandi.net
Creation date: 2017-03-05
Expiration date: 2020-03-05
Nameserver: KARL.NS.CLOUDFLARE.COM

attach_money Product Analysis

4.8

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Whitepaper

THERE IS NO BITCOIN CASH WHITEPAPER - Both Bitcoin cash websites posted the original Bitcoin whitepaper instead.


The whitepaper of Bitcoin Cash is 9 Pages long.

The most influencial keywords are: Transact, Block, Nodes, Hashing, Hashed, Timestamped, Chain, Proof, Double, and Works.

file_downloadOpen Whitepaper
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Close Competitors

  • 1.) Bitcoin

    Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.

  • 2.) DigiByte

    DigiByte (DGB) is a cryptocurrency on a public, rapidly growing and highly decentralized blockchain with a maximum supply of 21B by 2035. DigiBytes are indestructible, non-counterfeitable or hackable digital assets ideal for protecting objects of value (e.g. Currency, Information, property or important digital data). It is the first blockchain with SegWit, MultiAlgo mining, DigiShield and Odocrypt. Its blockchain has three layers (Application layer, Digital Asset/ Public Ledger Layer and Core Communication Protocol/ Global Network Layer).

  • 3.) ATBCoin

    ATB Coin is an innovative decentralized cryptocurrency incorporating the best advanced technologies and satisfies the needs of all market players to the best advantage – users, investors and business owners. This universal payment tool differs significantly from other cryptocurrencies due to a number of innovations, but at the same time has such important qualities as decentralization and anonymity.

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Product analysis

Bitcoin Cash was founded back in August 2017. Its source code was released publicly on github on May 2017 under the MIT License license.
Organization wise, Bitcoin Cashs Development is Semi-centralized and is being developed under the lead of Bitcoin ABC.

The consensus on which the Bitcoin Cash network is run is called Proof of Work, while the underlying algorithm is called SHA256.
In the current state of Bitcoin Cash currently is Working product

group Community Analysis

4.8

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Communities & Events

/r/btc was created to foster and support free and open Bitcoin discussion, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin industry leaders! Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever.

view_list r/btc Subreddit
person 277,039 Subscribers
directions_run 557 Active Users
create 67 Daily Posts
speaker_notes 827 Daily Comments
linkOpen Subreddit

Website: bitcoincash.org

view_list Bitcoin Cash Channel
person 3,619 Members
directions_run 186 Online
linkOpen in Telegram

Official Twitter account for Bitcoin Cash

view_list @Bitcoin Channel
person 991,343 Followers
11.22.2019
15:46
The @github code vault looks pretty cool! And the video specifically mentions #Bitcoin. 👍 Svalbard looks like a great place for #Bitcoin full-node software to go into cold storage. https://t.co/OKcxIX8fXa 145 favorite
11.20.2019
17:28
What will the response be to the writing prompt in 2030 for waking up in 2020? "The future is already here-it's just not very evenly distributed." William Gibson https://t.co/TUIPFicGqM 153 favorite
11.16.2019
16:48
Constructing a Taproot output and spending it in the "everyone agrees" case. Shamelessly simplified. Thanks @kallerosenbaum https://t.co/WXBx22k5lM 108 favorite
11.14.2019
11:58
The @federalreserve Chairman Powell just testified "The new normal now is lower interest rates, lower inflation and probably lower growth. And you seeing that all over the world and not just in the United States." Of course, the #Bitcoin economy is growing just fine! https://t.co/v2rOyChauI 398 favorite
11.14.2019
11:54
Ever wonder how many nocoiners feel like this when they are finally able to see through the obfuscation to connect the dots and realize the individual and global implications of the #Bitcoin network? The 'time value of money' gets a whole new meaning. https://t.co/F00t71FRas 121 favorite
11.14.2019
02:01
Bitcoin dies for the 378th time https://t.co/WunbVfSQ33 631 favorite
11.13.2019
16:00
The hardest money ever, #Bitcoin, is in an all-out sprint. Meanwhile the lethargic $USD $EUR $YEN et. al. are burning their own platforms and going backwards with real negative rates or actual negative interest rates. Is it really that difficult to see how this plays out? https://t.co/sspBL6wLJe 85 favorite
11.13.2019
15:56
Halving incoming! https://t.co/xnCfX432CJ 588 favorite
11.11.2019
14:37
Sometimes the very important things are also very obscure. Something very important happened today. Anyone know what it was? 🧐 https://t.co/aGzuePuNgQ 1,171 favorite
11.08.2019
19:00
Today @FBI Director Christopher Wray testified: “For us, cryptocurrency is already a significant issue and we can project out pretty easily that it’s going to become a bigger and bigger one." Word on the street is #Bitcoin is dead. Nice to see someone so bullish on #Bitcoin. https://t.co/vvhazQ2bTQ 572 favorite

There are no events for Bitcoin Cash in the next 3 Months

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Google Trends Analysis


The Google Trends chart displays the search interest on google in Bitcoin Cash relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

2.8

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Github Analysis

Code Updates (Commits)


Every change to the codebase of Bitcoin Cash is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 861 Stars
remove_red_eye 142 Watchers
usb 538 Forks
sync_problem 53 Open Issues
border_color 0 Comment Coverage
lock_open MIT License License

attach_money Price Analysis

3.0

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Price Prediction

$ 259.1362 (-3.8%) arrow_drop_down

Predicted USD Market Price in 24h

$ 250.4590 (-7.02%) arrow_drop_down

Predicted USD Market Price in 14d

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Converter BCH - USD

Convert between BCH and USD with the live Bitcoin Cash prices, aggregated from all big exchanges that trade Bitcoin Cash.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

4.3

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Team

Lead

Unknown -
It is not exactly clear who is the main driving force behind Bitcoin Cash.


supervisor_accountSocial Network Links

Members (7)

Bitcoin ABC

R&d team

Bitcoin Unlimited

R&d team

Bitprim

R&d team

Bitcoin XT

R&d team

BTC1

R&d team

Bitcrust

R&d team

Parity

R&d team

remove_red_eye Product Review by Coinpaper

2.1

How things stand

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In May 2019 an intentional Bitcoin Cash upgrade was planned, but there’s one miner, Btc.top, that controls over 51% of the hash rate. Btc.top has the potential to push new upgrades, deny upgrades from the community and even start a new 51% attack. Btc.top misused its power on 15 May 2019 and overrode a block that was previously mined by Prohashing. Prohashing therefore announced that they stopped mining Bitcoin Cash one day after the incident. [1] [2]

1.5

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Code development has almost come to a halt. There are many updates (commits), but none with significant code upgrades. [1]

1.5

Product description

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Bitcoin cash was forked off the Bitcoin chain in August 2017. There have been two changes. When the Bitcoin transaction limit was filled, transactions were pending for a long time and transaction fees rose to exorbitant levels. Bitcoin Cash therefore adjusted the mining difficulty and increased the blocksize from 1 MB to 8 MB. In November 2018 the Bitcoin Cash fork happened and it was called Bitcoin Cash ABC, with an increased blocksize of 32 MB. The goal was to become the new Bitcoin.

3.5

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The current setup of Bitcoin Cash does indeed have better specs than Bitcoin in terms of possible transactions per second and transaction fees, but Bitcoin is still much more accepted as the main cryptocurrency and there are many other coins that use much better optimized technologies than Bitcoin cash.

2.5

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The biggest supporters and leaders of the Bitcoin Cash fork were Roger Ver and Bitmain (builds mining rigs) CEO Jihan Wu. While supporting the fork, they got into questionable behaviour as they chose a name (Bitcoin Cash) that was too similar to the forks origin Bitcoin. The leaders might try to trick newcomers into thinking that Bitcoin Cash is the original Bitcoin. The website Bitcoin.com is owned by Roger Ver. Bitmain investors IDG Capital and Sequoia Capital claimed that the now ex-CEO Jihan Wu misrepresented on numbers. [1] [2]

1.5

Pro-Contra

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Transactions per second It can handle more transactions per second compared to other cryptocurrencies.
Transaction speed The transaction speed is much higher compared to other cryptocurrencies.
Transaction cost The transaction fees are much lower compared to other cryptocurrencies.
Product availability The product is already available.
Exchange availability The coin is available on the major trusted exchanges.
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Security Relatively low. Bitcoin Cash is relatively new/unproven.
Adoption The coin has a low acceptance rate compared to other cryptocurrencies.
Enery consumption The energy consumption is high compared to other cryptocurrencies.
Decentralization The coin is centralized.
Privacy Transactions with this coin are pseudonymous.

remove_red_eye Market Review by Coinpaper

2.4

Foresight

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With the new Bitmain CEO abandoning the Bitcoin Cash ship, decreasing code development and the security concerns for more 51% attacks, Bitcoin Cash is likely to perish.

1.5

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Bitcoin Cash might update the cryptographic algorithms with Schnorr Signatures, that should help further scalability for the project.

3.6

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There’s a small possibility, but if the Bitcoin Cash team secures a big strategic partnership, it could create network effects that attract new miners, new merchants and therefore new users.

4.0

Business

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Bitcoin Cash aims to be the main cryptocurrency that should be used for transactions of digital cash, but Bitcoin is still much more relevant with a more widespread acceptance. There are much better solutions for scalability, privacy and speed of transactions.

1.0

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The Minecraft-like gaming website craft.cash started accepting only Bitcoin Cash and has processed 50% of all Bitcoin Cash transactions in April 2019, with over 550’000 transactions. [1]
CheapAir, a travel agency started accepting Bitcoin Cash, as well as Bitcoin, Ethereum, Dash and Litecoin. [2]
The Bitpay wallet app enabled Bitcoin Cash (BCH) users to create Bitcoin Cash wallets in in May 2019. [3]

3.0

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The community has been split since multiple forks of Bitcoin have created a lot of distrust for other forks. The Bitcoin Cash fraction has a hard time defending decisions of their leaders.

2.0

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Not much is known about a developing team.

2.0

compare_arrows Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Coinbase Pro BCH/USD $ 209.3400 $ 14,079,964 check
# 2 Binance BCH/BTC $ 208.5108 $ 13,483,713 check
# 3 Bitfinex BCH/USD $ 208.2300 $ 5,830,867 check
# 4 Kraken BCH/USD $ 209.3000 $ 3,680,782 check
# 5 Bitstamp BCH/USD $ 207.7100 $ 2,024,703 check
# 6 Coinbase Pro BCH/EUR $ 210.6469 $ 1,763,226 check
# 7 Kraken BCH/EUR $ 209.2906 $ 1,548,509 check
# 8 Coinbase Pro BCH/BTC $ 208.7233 $ 1,372,547 check
# 9 Bitstamp BCH/EUR $ 209.6545 $ 1,305,446 check
# 10 Binance BCH/USDC $ 209.5310 $ 1,128,565 check

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