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Bitcoin Cash

Blockchain.io
Blockchain.io

The cryptocurrency exchange of trust for individual and institutional traders and investors.

Ticker: BCH (also known as BCHABC)

Type: Bitcoin fork

Maximum Supply: 21,000,000 BCH

Circulating Supply: 17,711,825 BCH (April 5th, 2019)

Bitcoin Cash is a fork of the Bitcoin protocol (based on the original code of Bitcoin) that happened on August 1st, 2017, rejecting the implementation of Segregated Witness (SegWit) from the same day.

Therefore Bitcoin Cash does not offer the benefits derived from Segwit. Most notably, Segwit resolves the transaction malleability issues, making it much easier to implement advanced trustless protocols such as Lightning.
Segwit transactions include a version number for scripts so that the script language can be enhanced without hard forks: new opcodes can now be added by changing the script version. In particular, this will enable the seamless addition of more efficient signature schemes like Schnorr signatures. Combined with key aggregation, Schnorr signatures will further increase onchain capacity.

Having renounced Segwit, Bitcoin Cash offers a simplistic solution to scalability issues by raising the block size limit to 8 MB for Bitcoin Cash versus 2 MB for Bitcoin. On May 15, 2018, Bitcoin Cash block size limit was raised from 8 MB to 32 MB.

On November 15, 2018, Bitcoin Cash forked itself: Bitcoin Cash ABC defending an adaptable block size limit, opposed to Bitcoin Cash SV (short for Satoshi's Vision, promoted by Craig Steven Wright and billionaire Calvin Ayre) pushing for an increase of the block size limit to 128 MB. After few days of confrontation, Bitcoin Cash ABC rightfully became the official Bitcoin Cash thanks to a higher hash power allocation compared to BSV.

Bitcoin Cash creation stems from the combined efforts of crypto personalities like Roger Ver, Amaury Séchet and Jihan Wu of Bitmain.
Bitcoin Cash is listed since April 4, 2019 on Blockchain.io.
BSV is not listed yet on Blockchain.io.

Blockchain.io
Blockchain.io

The cryptocurrency exchange of trust for individual and institutional traders and investors.

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