Bitcoin Cash (BCH) emerged as a cryptocurrency following a split from Bitcoin in response to disagreements among developers regarding its scalability. Initially, Bitcoin Cash was created with a larger block size limit of 8 MB, to facilitate faster transactions and lower fees compared to Bitcoin. However, disagreements within the Cash Bitcoin community led to another split in November 2018, resulting in the formation of Bitcoin SV (BSV), which sought to further increase the block size limit.
Recently, on November 15th, 2020, Bitcoin Cash underwent another hard phase, resulting in the launch of Bitcoin Cash ABC (BCHA). Amazingly, this phase introduced a miners’ tax where 8% of mining rewards are allocated to BCHA developers for protocol development.
How To Store Bitcoin Cash?
For those looking to store Bitcoin Cash, several crypto wallets are recommended by the coin, each with its own set of features and security considerations. Users are advised to conduct thorough research to choose a wallet that meets their specific needs and ensure the safe management of their digital assets.
Current BCH Price
At the time of writing, BCH Price was $385.26 with a market cap of $7,598,291,893. The 24-hour trading volume is $227,357,312. Amazingly, the coin has shown a 5.2% growth, showing its potential to thrive in a competitive environment.
Conclusion –
Bitcoin Cash continues to trade on various digital currency exchanges under the BCH symbol. Despite challenges and internal divisions, it remains a significant player in the cryptocurrency landscape, revolutionizing the digital economy and providing an alternative for investments.
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Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.
