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Bitcoin Cash (BCH) is a fork of Bitcoin (BTC), which means it is similar but different to the original. Bitcoin Cash arose due a disagreement between various Bitcoin stakeholders, who wanted to take the protocol in different directions. As a result the blockchain forked, resulting in two separate blockchains and cryptocurrencies. Bitcoin received the majority of community support and held onto the name, while Bitcoin Cash established itself as a competitor. Bitcoin Cash is designed to facilitate faster and cheaper transactions than Bitcoin.
Bitcoin Cash (BCH) is the 29th largest cryptocurrency in the world by market cap, valued at $2,376,158,717. The current price of Bitcoin Cash is $122.93, which is -2.190% lower than yesterday. Prices have ranged between $127.13 and $122.65 over the past 24 hours. All prices are listed in US dollars and accurate as of March 27, 2023 06:03 UTC.
ADA is the native cryptocurrency of the Cardano blockchain. The primary use of the coin lies within the network's proof-of-stake mechanism.
This involves token holders locking away (staking) ADA coins to validate transactions and secure the blockchain.
A transaction fee must be paid in ADA when using the Cardano blockchain. This allows validators in the network to complete the transfer within Cardano's settlement layer (see below for more details). All applications that are built on the Cardano blockchain will use ADA for transactional fees.
The coin also carries monetary value and, therefore, can be used to transact between friends, pay for goods and services and deposit funds on an exchange or decentralised application.
The supply of tokens is capped at a maximum of 45 billion ADA. Cardano is being built with two layers – the Cardano Settlement Layer and the Cardano Computation Layer. The two layers provide the flexibility businesses need to tailor smart contracts to their requirements.
Instead of using a proof-of-work consensus algorithm like Bitcoin, Cardano uses a proof-of-stake algorithm called Ouroboros. Under this system, blocks are generated and transactions verified by slot leaders, or validators. Anyone who holds ADA tokens can become a slot leader, with slot leaders randomly chosen using a coin-flipping protocol.
| Coin symbol | BCH |
|---|---|
| Coin Marketcap | US$2,376,158,717 |
| Total BCH supply | 21,000,000 |
| Circulating BCH | 19,348,012 |
| Current price | US$122.93 |
| All time high | US$3,785.82 |
Historical prices compared with the price of US$122.93.
| 1 hour | -0.66% |
|---|---|
| 24 hours | -2.19% |
| 7 days | -10.18% |
| 14 days | 1.74% |
| 30 days | -7.40% |
|---|---|
| 60 days | -6.96% |
| 200 days | 3.57% |
| 1 year | -66.01% |
Disclaimer: Cryptocurrencies, including Bitcoin Cash, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BCH is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Bitcoin Cash or any other cryptocurrency discussed.
Everything you need to know about Bitcoin Cash (BCH), how it works and where its price might be headed in the weeks and months to come.
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