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What is Bitcoin Cash (BCH) & how does it work?

What Is Bitcoin Cash (BCH), and How Does It Work? Bitcoin Cash (BCH) is a cryptocurrency that was created and launched to bring decentralization back to cryptocurrency. It is the result of a 2017 Bitcoin " hard fork ," which occurs when an existing blockchain splits into two.

How much is bitcoin cash worth?

At the same time, the currency’s market cap stood at USD 5.1 billion at the same time, with historical high achieved in December 2017 when its value reached USD 59 billion. Soon after its introduction, Bitcoin Cash became one of the top ten coins by market capitalization, ranking at number 4 as of April 2019.

Is Bitcoin Cash a 'fiat money'?

Centralization with Bitcoin Cash is seen as a more prominent issue compared to Bitcoin. Some commentators go as far as calling Bitcoin Cash “fiat money” based on its association with Bitmain which is described as the “central bank” of BCH. Finally, there is an issue of BCH mining.

What is the difference between bitcoin cash & Bitcoin Cash?

The simplest way to explain the overall difference is that Bitcoin Cash is designed to be the digital equivalent of cash, whereas Bitcoin is more a store of value, like digital gold. The biggest change in Bitcoin Cash compared to its predecessor is the block size limit, which is the maximum amount of data stored in a block.