BCH Price today

Bitcoin Cash (BCH) is a hard fork (community-enabled code or protocol update) of the original Bitcoin blockchain. On August 1, 2017, the Bitcoin fork took place to update the block size to 8 MB. On November 16, 2018, BCH had its second hard fork and forked into Bitcoin SV (Satoshi’s Vision) and Bitcoin ABC. Bitcoin ABC has become the dominant chain and dominates the BCH token, as it has higher hash power and the majority of nodes in the network.

Bitcoin Cash’s most recent block reward halving was on April 8, 2020, when the coin’s block reward dropped to 6.25 instead of 12.5.

Bitcoin Cash’s increased block size aims to make the technology more scalable and handle more transactions per second, supporting the use of cryptocurrency as a means of payment rather than a store of value. As a rule, the transaction fees for Bitcoin Cash are generally lower than those for Bitcoin.

Similar to BTC in Bitcoin’s network, BCH in Bitcoin Cash’s network is used for several purposes, such as:

• Pay transaction fees on the Bitcoin Cash network. This fee is relatively cheap, at only about $0.0038.
• As a block reward for miners when they create a new block in the Bitcoin Cash network.