Bitcoin Cash (BCH) Reaches Market Capitalization of $11.58 Billion

Bitcoin Cash (CURRENCY:BCH) traded down 2.2% against the U.S. dollar during the 1 day period ending at 20:00 PM E.T. on November 25th. One Bitcoin Cash coin can now be bought for approximately $612.36 or 0.01041101 BTC on popular exchanges. Bitcoin Cash has a total market capitalization of $11.58 billion and $1.18 billion worth of Bitcoin Cash was traded on exchanges in the last day. During the last week, Bitcoin Cash has traded 8.7% higher against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last day:

  • Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $58,818.24 or 1.00000000 BTC.
  • Bitcoin SV (BSV) traded down 2.1% against the dollar and now trades at $157.23 or 0.00267319 BTC.
  • Steem (STEEM) traded 20.3% higher against the dollar and now trades at $0.77 or 0.00001303 BTC.
  • Counterparty (XCP) traded down 0.9% against the dollar and now trades at $17.19 or 0.00029217 BTC.
  • Namecoin (NMC) traded 0.4% lower against the dollar and now trades at $1.95 or 0.00003320 BTC.
  • DAOBet (BET) traded 1.6% higher against the dollar and now trades at $0.0318 or 0.00000056 BTC.
  • SafeBlast (BLAST) traded 2.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • PIXEL (PXL) traded 0.3% higher against the dollar and now trades at $0.0042 or 0.00000007 BTC.
  • DragonVein (DVC) traded up 1.1% against the dollar and now trades at $0.0032 or 0.00000005 BTC.
  • Citadel.one (XCT) traded up 3.9% against the dollar and now trades at $0.18 or 0.00000312 BTC.

Bitcoin Cash Coin Profile

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 18,910,712 coins. The official message board for Bitcoin Cash is bitcointalk.org. The official website for Bitcoin Cash is www.bitcoincash.org. The Reddit community for Bitcoin Cash is /r/Bitcoincash and the currency’s Github account can be viewed here. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here.

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) “

Bitcoin Cash Coin Trading

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

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