Bitcoin Cash

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Bitcoin Cash

In 2017, Bitcoin spawned a new cryptocurrency to support higher transaction volume than Bitcoin. Created as a "hard fork," the Bitcoin Cash block size is 8MB compared with Bitcoin's 1MB. On August 1, 2017, Bitcoin holders received one unit of Bitcoin Cash (BCH) for every Bitcoin they owned, and BCH rose to nearly $700 the next day. Very volatile, within two weeks, it dropped to $300 only to quadruple later in the year. By the end of 2018, Bitcoin Cash was around $200 and more than $500 in early 2021. See Bitcoin hard fork.

The Original Bitcoin Was Also Improved
A week after Bitcoin Cash debuted, a consortium of Bitcoin miners approved the Segregated Witness upgrade that made the original Bitcoin more efficient (see SegWit). Both Bitcoin and Bitcoin Cash have had wild rides.

Bitcoin SV (Satoshi's Vision, BSV)
In 2017 Bitcoin SV, a hard fork of Bitcoin Cash expanded the block size from 1MB to 128MB and later to 2GB, and miners can choose the block size they wish to mine. The Bitcoin SV symbol is BSV.

Bitcoin ABC (Adjustable Blocksize Cap)
Yet another hard fork occurred in November 2020. Whereas Bitcoin Cash development relies on donations, Bitcoin ABC takes 8% of the miner's block reward to fund development and pay salaries. The Bitcoin ABC symbol was BCHA, while Bitcoin Cash retained BCH. In mid-2021, Bitcoin ABC was rebranded as eCash (XEC). See Bitcoin Gold, Bitcoin mining and Bitcoin.
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References in periodicals archive ?
* Bitcoin Cash is approaching a symmetrical triangle breakout.
The 200-plus strong network of cryptocurrency ATMs enables users to buy and sell Bitcoin, Litecoin, Ethereum and Bitcoin Cash instantly at hundreds of locations across the United States.
The cryptocurrency exchange Coinbase, for example, did not support Bitcoin Cash when it originally forked in August 2017, but did add it to accounts for rightful holders later that year.
"It was important to us to continue to offer Bitcoin and Bitcoin Cash to our customers and we can do that through BitPay."
Among the first cryptocurrencies that PDAX will list on its platform are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC).
Bitcoin, Ethereum, XRP and Bitcoin Cash have a market cap of at least $10 billion, with Bitcoin enjoying a $110.7 billion value, which is almost half of the entire market.
BitHope's crowdfunding platform now accepts Bitcoin Cash (BCH) for donations on its platform.
DISH announced it has added Bitcoin Cash as a payment option and is now using BitPay, the largest global blockchain payments provider, as the payment processor for Bitcoin and Bitcoin Cash transactions with customers.
He said to pay for products via bitcoins several options exist, customer can choose to have a bitcoin cash wallet ndash an app that lets you receive, hold, and spend bitcoin cash, a good example is the BitPay bitcoin wallet app.
The new feature on the platform is currently built to support six major crypto assets - Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Litecoin (LTC), Ethereum (ETH), and Ripple (XRP).
Denarii.Cash is in the process of activating more coins and they look forward to add binance, bitcoin cash as well as litecoin, ripple and stellar to their wallet.