Bitcoin Cash BCH Price 334.13

The trading volume in 24 hours was 943 million dollars, and the price was 499.51 dollars. The asset has grown over the course of the day. The coin has a market cap of 9,827,604,095USD and has 0 coins in circulation. Just as physical money, such as dollar bills, are transferred directly to a person, Bitcoin Cash payments are sent directly from one user to another. Banks and payment systems are not dependent on traditional paper money. Transactions can't be stopped by the government. The funds can't be frozen because financial third parties don't control the network. With a limited total of 21 million coins, Bitcoin Cash can be easily spent. The transaction fee is usually less than a tenth of a cent. There are different use cases forBitcoin Cash. In addition to peer-to-peer payments between individuals, Bitcoin Cash can be used to pay for goods and services in stores on the internet. Low fees allow you to take advantage of the new microtransaction economy, such as tipping content creators and rewarding app users. Fees and settlement times for money transfers and cross-border trading have been reduced. Other use cases include token, simplified smart contracts, and private payments with tools. The result of the hard fork was the creation of a new criptocurrency called Bitcoin Cash. At the time of the fork, all BTC holders became owners of Bitcoin Cash. At the time of the split, the block size was increased from 1 MB to 8 MB. The increase in the block size means that the network can process more transactions per second while maintaining extremely low fees, which will solve the problems of payment delays and high fees faced by some users. It went through testing before being released on August 1, 2017. Since the split required users to create a new block chain from the old block chain, mining companies needed to allocate significant computing power to create the first block in the new BCH block chain.