Bitcoin Cash – Live Price – Price Chart – Value & Bitcoin: The best money in the world – Bitcoin Cash brings healthy money to the world and meets the original promise of Bitcoin as Peer-to-Peer Electronic Cash. Sellers and users are authorized with low rates and reliable confirmations.
The future is proud with unlimited growth, worldwide acceptance, permissionless innovation and decentralized development.
All Bitcoin holders from block 478558 are also owners of Bitcoin Cash. Everyone is welcome to join the Bitcoin Cash community as we continue to work on creating healthy money that is accessible to the whole world.
About the scalability of chains – Bitcoin Cash follows the Nakamoto roadmap of worldwide adoption with ‘on-chain scaling’. As a first step the blocking limit has been made adjustable, with an increased standard of 8 MB. There is research going on to allow huge future increases.
New transaction signatures – A new SigHash type offers repeat protection, improved hardware wallet security and eliminating the quadratic hash problem.
New Difficulty Adjustment Algorithm (DAA) – Responsive Proof-of-Work adjustment difficulty allows miners to migrate from the legacy Bitcoin chain as desired, while protecting against hash flutter fluctuations.
Decentralized development – With several independent teams of developers delivering software implementations, the future is secure. Bitcoin Cash is resistant to political and social attacks on the development of protocols. No group or project can control it.
The bitcoin-ml mailing list is a good place to make proposals for changes that require coordination between development teams.
Frequently Asked Questions
What is Bitcoin Cash?
Bitcoin Cash is peer-to-peer electronic cash for the internet. It is fully decentralized, without a central bank and does not require trusted third parties to work.
Is Bitcoin Cash different from ‘Bitcoin’?
Yes. Bitcoin Cash is the continuation of the Bitcoin project as peer-to-peer digital cash. It is a fork of the Bitcoin blockchain booklet, with improved consensus rules that allow it to grow and scale.
If I own Bitcoin, do I automatically have Bitcoin Cash?
Anyone who had Bitcoin at the time Bitcoin Cash was created became the owner of Bitcoin Cash. This means that Bitcoin holders from block 478558 (1 August 2017 at 13:16 UTC) have the same number of Bitcoin cash as they had Bitcoin at that time. If your Bitcoins are stored by a third party, such as a control center, you must inform them about your Bitcoin Cash.
All transactions after the general ledger split of August 1 are completely separated between Bitcoin and Bitcoin Cash. This means that every Bitcoin obtained after the split does not contain Bitcoin Cash and Bitcoin Cash does not contain Bitcoin.
How is transaction repetition handled between the new and the old blockchain?
Bitcoin-based transactions use a new signature hash algorithm that is indicated by the SIGHASH_FORKID flag. These signatures are not valid on the Bitcoin Legacy network. This prevents Bitcoin cash transactions from being played again on the Bitcoin blockchain and vice versa.
Why was a fork needed to make Bitcoin Cash?
The old Bitcoin code had a maximum limit of 1 MB of data per block, or about 3 transactions per second. Although it is technically easy to raise this limit, the community could not reach a consensus, even after years of debate.
Was the limit of 1 MB for block size problems for Bitcoin?
Yes, in 2017 the capacity hit the ‘invisible wall’. The costs shot up and Bitcoin became unreliable, with some users unable to get their transactions confirmed, even after days of waiting.
The market price of Bitcoin has increased, but its growth and usability as a currency has stagnated. Many users, traders, companies and even investors left Bitcoin for alternatives, which reduced dominance from 95% to just 40%.
Does Bitcoin Cash solve these problems?
Yes. Bitcoin Cash immediately increased the maximum block size to 8 MB as part of a massive on-chain scaling approach. There is sufficient capacity for everyone’s transactions.
Low prices and fast confirmations have returned with Bitcoin Cash. The network is growing again. Users, traders, companies and investors build the future with real peer-to-peer cash.
Why did Bitcoin not increase the block size if it was easy?
Some developers did not understand it and disagreed with the original view of electronic cash created by Satoshi Nakamoto. Instead, they preferred to make Bitcoin a settlements layer.
Many miners and users trusted these developers, while others acknowledged that they were taking a different route than expected.
These two completely different views for Bitcoin are largely incompatible, which led to the gap of the community.
Has SegWit not increased the block capacity? Will Bitcoin Cash ever have SegWit?
Segregated Witness or SegWit is, for various reasons, an unacceptable alternative to increasing blocking.
Firstly, the increase, even when used in 100% of the transactions, would be equal to 1.7 MB blocks. So it is a small capacity increaseat best.
It will not deal with exponential growth or worldwide use. Secondly, soft fork implementation results in rejected signatures, weakening Bitcoin’s security model. Third, it makes future capacity increases more difficult because of bandwidth inefficiency and quadratic hashing attacks that SegWit does not solve because an attacker is not forced to use it.
For these (and other) reasons Bitcoin Cash was necessary as a pre-SegWit fork. Segwit is not adopted.
Which development team is responsible for Bitcoin Cash?
Unlike the previous situation in Bitcoin, there is no single development team for Bitcoin Cash. There are now several independent teams of developers.
This decentralization of development (and decentralization of software implementations) is a much-needed and important step forward.
What is the ticker symbol for Bitcoin Cash?
Bitcoin Cash is represented by a number of different ticker symbols, depending on the service or portfolio. BCH / BCC are the most popular tickers, where XBC is used to comply with the international standard for currency codes (ISO 4217).