-0.53% Bitcoin (BTC) 18493.1 EUR
+1.71% Ethereum (ETH) 1027.81 EUR
-1.00% Litecoin (LTC) 48.57 EUR
-0.37% B-Cash (BCH) 99.77 EUR
+2.24% Ethereum (ETH) 0.0561156 BTC
-0.41% Litecoin (LTC) 0.00265529 BTC
+0.18% B-Cash (BCH) 0.0054439 BTC
-0.43% Bitcoin (BTC) 19282.1625 USDC
0.00% USD Coin (USDC) 0.96 EUR
-0.52% Bitcoin (BTC) 19291.101 USDT
-0.01% Tether (USDT) 0.95 EUR
-0.45% Chainlink (LINK) 5.92 EUR
-0.05% Chainlink (LINK) 0.00032393 BTC
-2.31% Dogecoin (DOGE) 0.06 EUR
-1.69% Dogecoin (DOGE) 0.00000347 BTC
-2.04% Uniswap (UNI) 4.68 EUR
-1.31% Uniswap (UNI) 0.00025744 BTC
-0.13% Cardano (ADA) 0.43 EUR
+0.37% Cardano (ADA) 0.00002381 BTC
-2.24% Tron (TRX) 0.06 EUR
-1.75% Tron (TRX) 0.00000335 BTC
-1.12% Shiba Inu (SHIB) 0.00000968 EUR
+1.33% Zcash (ZEC) 52.19 EUR
+1.44% Zcash (ZEC) 0.0028381 BTC
-3.99% Basic Attention Token (BAT) 0.00002089 BTC
-0.12% TradeFlow (TFLOW) 0.06173983 BUSD
Bitcoin Cash

What is Bitcoin Cash?

05-12-2021

Bitcoin Cash is a cryptocurrency created in August 2017, as a result from a Bitcoin fork. Bitcoin Cash increased the size of blocks, allowing more transactions to be processed and improving scalability.

 

What is the difference between Bitcoin and Bitcoin Cash?

 
The difference between Bitcoin Cash and Bitcoin is philosophical. Bitcoin was meant to be a peer-to-peer cryptocurrency that was used for daily transactions. Over the years, as it gained mainstream traction and its price surged, Bitcoin became an investment vehicle instead of a currency. This led to a rapid increase in the number of transactions and users had to wait for hours to confirm them. Bitcoin Cash suggests a way to improve the situation by increasing the size of blocks to anywhere between 8 MB and 32 MB, thereby enabling the processing of more transactions per block.
Despite their philosophical differences, Bitcoin Cash and Bitcoin share several technical similarities. They use the same consensus mechanism and have capped their supply at 21 million.
 

How does Bitcoin Cash work?

 
Bitcoin Cash was settled on a larger block size in order to process transactions more quickly than Bitcoin. These transactions help you to make a quick and small purchase with BCH, but if you want to make a large purchase, you have to trade with a more secure cryptocurrency like BTC.
 

How to buy Bitcoin Cash?

 
  1. Create an account
  2. Verify your identity
  3. Fund your account and start trading Bitcoin Cash on X1
 

What to do after buying Bitcoin Cash?

 
  • Store/Hold Bitcoin Cash
You can hold on to your BCH with the expectation of it increasing in value, you can also store your BCH safely on your account or in your crypto wallet.
  • Trade Bitcoin Cash
You can trade Bitcoin Cash for other cryptocurrencies.
  • Send Bitcoin Cash
You can send it to anyone and anywhere with their BCH address.