Bitcoin Cash trades on digital currency exchanges including Bitstamp, Coinbase, Gemini, Kraken, and ShapeShift using the Bitcoin Cash name and the BCH ticker symbol for the cryptocurrency. A few other exchanges use the BCC ticker symbol, though BCC is commonly used for Bitconnect. On 26 March 2018, OKEX removed all Bitcoin Cash trading pairs except for BCH/BTC, BCH/ETH and BCH/USDT due to "inadequate liquidity". As of May 2018, daily transaction numbers for Bitcoin Cash are about one-tenth of those of bitcoin. By November 2017 the value of Bitcoin Cash, which had been as high as $900, had fallen to around $300, much of that due to people who had originally held Bitcoin selling off the Bitcoin Cash they received at the hard fork.
ada $0.04303.30%ae $0.1739*0.80%bcd $0.4930*1.75%bch $232.070.54%bcn $0.0004*0.00%bnb $17.198*8.76%bsv $84.285*0.49%btc $8,246.40.64%btg $8.28271.85%btm $0.0589*6.57%bts $0.0289*1.40%dash $73.0921.90%dcr $17.000*0.00%dgb $0.00890.00%doge $0.00240.45%eos $3.19930.67%etc $4.69280.69%eth $183.760.46%ltc $57.9610.02%gnt $0.0520*0.29%icx $0.1821*5.48%iost $0.0052*2.93%lsk $0.93040.26%miota $0.2756*0.84%mkr $497.17*0.00%moac $0.2384*3.79%nano $0.7950*4.31%neo $7.86883.75%omg $0.9146*2.19%ont $0.6493*3.11%ppt $0.5800*1.75%qtum $1.87632.08%rep $8.49501.42%sc $0.0020*20.25%steem $0.1491*0.73%strat $0.3696*0.00%trx $0.01711.90%usdt $1.00010.11%tusd $1.0005*0.09%waves $0.98303.43%xem $0.04312.96%xlm $0.06392.17%xmr $56.3740.63%xrp $0.27991.40%xtz $0.9460*4.75%xvg $0.00376.30%zil $0.0063*8.17%zrx $0.25506.47%
This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with Coinbase Inc or any of its affiliates and Coinbase is not responsible for its content. This content and any information contained therein, does not constitute a recommendation by Coinbase to buy, sell or hold any security, financial product or instrument referenced in the content.
Peer to peer (P2P) electronic cash is simply described as online money sent from one person to another without the need for a trusted third-party. As described in the original Bitcoin whitepaper by Satoshi Nakamoto, P2P cash makes use of digital signatures as part of the solution, but the main benefits are lost if a trusted third party is still required to prevent fraud. This makes P2P cash a trustless and safe way to transact without the need of intermediaries.
There are two factions of bitcoin supporters, that support large blocks or small blocks. The Bitcoin Cash faction favors the use of its currency as a medium of exchange for commerce while the Bitcoin-supporting faction view bitcoin's primary use as that of a store of value. Some Bitcoin supporters like to call Bitcoin Cash “Bcash,” “Btrash,” or simply a scam, while Bitcoin Cash advocates insist that their implementation is the pure form of Bitcoin.
At the time of the software upgrade (also known as a fork) anyone owning bitcoin was also in possession of the same number of Bitcoin Cash units. The technical difference between Bitcoin Cash and Bitcoin is that Bitcoin Cash allows larger blocks in its blockchain than Bitcoin, which in theory allows it to process more transactions per second. Bitcoin Cash was the first of the Bitcoin forks, in which software-development teams modified the original Bitcoin computer code and released coins with “Bitcoin" in their names, with "the goal of creating money out of thin air." In relation to Bitcoin it is characterized variously as a spin-off, a strand, a product of a hard fork, an offshoot, a clone, a second version or an altcoin. On 1 August 2017 Bitcoin Cash began trading at about $240, while bitcoin traded at about $2,700.