Bitcoin Cash (BCH) Reaches Market Capitalization of $4.10 Billion

Bitcoin Cash (BCH) traded 0.2% lower against the U.S. dollar during the twenty-four hour period ending at 9:00 AM ET on August 16th. One Bitcoin Cash coin can now be purchased for $204.02 or 0.00324134 BTC on major exchanges. Bitcoin Cash has a market capitalization of $4.10 billion and approximately $248.73 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours. Over the last seven days, Bitcoin Cash has traded down 5.7% against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

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• Arweave (AR) traded up 0.2% against the dollar and now trades at $1.80 or 0.00002858 BTC.
• Bitcoin (BTC) traded 0% higher against the dollar and now trades at $62,944.10 or 1.00000000 BTC.
• Bitcoin SV (BSV) traded down 1% against the dollar and now trades at $15.24 or 0.00024205 BTC.
• eCash (XEC) traded down 1.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 3.1% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.

About Bitcoin Cash

BCH is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was August 1st, 2017. Bitcoin Cash’s total supply is 20,076,019 coins. The Reddit community for Bitcoin Cash is /r/Bitcoincash and the currency’s Github account can be viewed here. The official website for Bitcoin Cash is www.bitcoincash.org. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here. The official message board for Bitcoin Cash is bitcointalk.org.

According to CryptoCompare, “Bitcoin Cash (BCH) is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks. Bitcoin Cash is a proposal from the viaBTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called “Bitcoin Cash”. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split BCH for the customer. On November 15, 2020, Bitcoin Cash experienced a scheduled upgrade. Bitcoin Cash developers from various full node projects changed the Difficulty Adjustment Algorithm (DAA) to a new DAA called ‘aserti3-2d‘ (or ‘ASERT’ for short). Blockchain data provided by: Blockchair (Main Source), WhatToMine (Block Time only)Facebook, BitcoinTalk, GitHub, GitLab, Reddit”

Bitcoin Cash Coin Trading

Investors seeking to trade Bitcoin Cash using US dollars directly can do so using GDAX, Coinbase or Changelly.

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