Bitcoin Cash (BCH) Overview
Bitcoin Cash (BCH) is a cryptocurrency that originated as a hard fork from Bitcoin. This fork occurred on August 1, 2017, at block height 478559, aiming to address scalability issues by increasing block size.
Key Features of Bitcoin Cash:
- Decentralized peer-to-peer electronic cash system
- Larger block size (32MB compared to Bitcoin’s 1MB)
- Lower transaction fees than Bitcoin
- Fast transactions suitable for everyday payments
BCH/JPY Real-Time Price Data
Latest Closing Price:
¥71,827.58
Performance Metrics:
- 24h Change: +5% (as of last update)
- Market Cap: Top 20 cryptocurrencies
- Trading Volume: High liquidity across major exchanges
Why Monitor Bitcoin Cash?
Bullish Trends:
- Recent 5% surge against BTC
- Formation of a Golden Cross (50-day MA crossing 200-day MA)
Adoption Growth:
- Used for cross-border remittances
- Accepted by merchants via platforms like BitPay
Technical Advantages:
- Smart contract capabilities via CashScript
- Token issuance similar to Ethereum’s ERC-20
FAQs
What drives Bitcoin Cash’s price?
- Market sentiment, adoption rates, and BTC correlation.
- Network upgrades like increased block size.
How does BCH differ from BTC?
- Transaction speed: BCH processes ~100 transactions/sec; BTC handles ~7/sec.
- Cost: BCH averages $0.01 per transaction; BTC often exceeds $1.
Where can I buy BCH?
Major exchanges like 👉 OKX offer BCH/JPY pairs.
Legal Disclaimer
Cryptocurrency investments carry risks. Prices are volatile and subject to market conditions. Always conduct independent research.
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