$469.45
-$36.403 (-7.1%)
24H
Min
$0
Max
$0
Price
Volume
A measure of how much of a cryptocurrency was traded in the last 24 hours.
$464.3M
Market cap
The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market. Market Cap = Current Price x Circulating Supply.
$9.365B
Max supply
The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.
$21M
Official site
bch.info
Explorer
explorer.bitcoin.com/bch
Source code
gitlab.com/bitcoin-cash-node
Price

In 2017, the Bitcoin community was famously divided over the limitations of Bitcoin’s scalability. This led to one group deciding to “hard fork” with the original Bitcoin blockchain and create Bitcoin Cash (BCH). Believers in Bitcoin Cash see it as the true continuation of the original Bitcoin mission to become the global digital sound money. 

Bitcoin Cash, like Bitcoin, is a peer to peer electronic money system that doesn't require third parties to manage or govern the currency. Again like Bitcoin, Bitcoin Cash also has a hard limit of 21 million coins to combat inflation. The coin achieves provable scarcity and offers secure transactions. 

The main difference to Bitcoin is in Bitcoin Cash’s scalability. This was achieved by increasing the block size of the chain from 1mb to 8mb in the initial fork. Currently the Bitcoin Cash block size stands at 32 mb which allows the network to process more transactions in each block meaning that transactions can be faster and fees are kept very minimal. 

Like Bitcoin, mining is very competitive as Bitcoin Cash is one of the most highly valued coins on the markets. In addition to providing a secure transaction network, the low fees of Bitcoin Cash mean the coin lends itself to being used as a tipping mechanism and facilitates microtransactions on various digital platforms. 

Who is using Bitcoin Cash?

Following the hard fork with Bitcoin, Bitcoin Cash received a huge surge in interests as indicated by Google Trends below. By December 2017 price surged to close to $4,000 reducing Bitcoin’s dominance to 80% and leading to suggestions that at some point it might overtake the original coin. 

The surge however, proved short-lived, interest in the coin has dwindled. Back in 2017, during the ICO craze Bitcoin Cash was receiving its most amount of interest. This was for two main reasons: (1) more people were beginning to learn about crypto. (2) Bitcoin Cash was in its infancy and still seen as a huge challenger to Bitcoin. 

In the subsequent years this challenge hasn't really materialised, though it boasts the largest number of supporting merchants of any cryptocurrency. It’s not that Bitcoin Cash has failed to grow or generate interest, it’s more that Bitcoin’s first-mover advantage and block size have proved more valuable.

Furthermore Bitcoin Cash has itself been forked into Bitcoin SV as the block size debate took on another dimension, with Craig Wright promoting an unlimited block size, focused on scaling Bitcoin transactions to achieve what was considered Satoshi’s Vision (SV). The acrimony over the fork not only diluted some of BCH value but also fractured its community though it has maintained status as a top 1o coin, based on a marketcap which is three times that of its rival.

This is also reflected in the location Google Trends data. The countries that are mainly searching for Bitcoin Cash are developing nations with people looking to use the currency as a form of electronic cash. Interest in western nations such as the US and the UK, where investors are more likely to be based is considerably lower compared to other cryptocurrencies. 

What is the size of the Bitcoin Cash network?

Bitcoin Cash has a total circulating supply of over 18 million, with a max supply of 21 million. Whilst this may seem like BCH is nearing it’s capped limit, like Bitcoin it’s estimated that this cap won’t be reached until at least another 100 years as mining rewards decrease over time. 

Bitcoin Cash has a market cap of over $25 billion and ranks as coin #9 on coinmarketcap.com. Whilst not the same size as Bitcoin, Bitcoin Cash still has over 1,000 active nodes that run the network and recently price growth has seen it burst back onto the scene. Could it start to challenge Bitcoin once again as we enter the 2020s? 

What is the size of the Bitcoin Cash community?

Bitcoin Cash has a relatively small community following with just 1500 followers on Twitter and just under 80,000 members on its Reddit page. Whilst these numbers aren’t massive the Reddit page has been considerably active since the hard fork with Bitcoin, with the members there truly believing in the project's ability to deliver electronic cash at scale. 

How much Bitcoin Cash is traded?

Bitcoin cash has an impressive average daily trading volume of over $13 billion with coin being tradeable on Binance, Huobi, Coinbase Pro and Bithumb. The most popular trading pairs are as follows: BCH/USDT, BCH/KRW and BCH/BTC.