About Bitcoin Cash (BCH)
Bitcoin Cash is a top 10 cryptocurrency, so an accurate price is available on many exchanges (like Uphold.com) as well as cryptocurrency price tracking websites.
Bitcoin Cash was ‘hard forked’ from the Bitcoin core code in August 2017 by a group of cryptocurrency miners and enthusiasts who were concerned about how slow Bitcoin was progressing.
Their new code design increased the size of the ‘blocks’ that form the blockchain from approximately 1MB per block to 8MB per block. This meant that more information could be processed at the same time, effectively speeding up the network. As Bitcoin Cash was given to holders of Bitcoin at the time of the fork (1:1), it has been incredibly popular with enthusiasts and investors alike.
How is the price of Bitcoin Cash determined?
Just like Bitcoin, there are 21 million Bitcoin Cash in total and less than that in circulation.
The price is determined by how much BCH people want to buy at any one time (Demand) vs how many are for sale (Supply). The price 'floats' between the prices that people are offering to buy BCH for (Bid ) and the price that BCH is offered for sale (Offer).
There are thousands of exchange computers around the world that calculate the price constantly.
What the bears are saying about Bitcoin Cash (BCH)
What the bulls are saying about Bitcoin Cash (BCH)
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