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.

What is the price of Bitcoin Cash?

The Bitcoin Cash price is $118.25, a change of -0.35% over the past 24 hours as of 7:30 a.m. The recent price action in Bitcoin Cash left the tokens market capitalization at $2,292,090,210.15. So far this year, Bitcoin Cash has a change of 22.11%. Bitcoin Cash is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).

What makes Bitcoin Cash different from bitcoin?

These innovations, which set Bitcoin Cash apart from Bitcoin, are summarized below: Bitcoin Cash has a larger maximum block size (32MB) than Bitcoin (1MB). The larger block size increases the volume of transactions that the Bitcoin Cash network can process on chain.

Is Bitcoin Cash a resilient cryptocurrencies?

“Bitcoin cash has proven itself to be one of the most resilient cryptocurrencies in the digital currency ecosystem today,” Konstantin Anissimov, executive director of international cryptocurrency exchange CEX.IO, told CNN Business.