on the crypto
Bitcoin Cash when was he born? How much is it worth today 1 Bitcoin Cash? Since the birth of Bitcoin, there have been many hard fork attempts to replicate this cryptocurrency, many have tried to copy its code by making changes.
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How much is 1 Bitcoin Cash worth?
Today (29 May 2019) la Bitcoin Cash listing is equal to 396,89 euro (442,66 $) (you see Bitcoin real-time cash quotation). In the past 24 hours the cryptocurrency has undergone an appreciation and its price has gone up by + 2,55%. In 30 days the listing of Bitcoin Cash has increased by + 81,56% but analyzing the trend in 12 months, the cryptocurrency suffered a depreciation equal to -56,10%.
Accomplice of this drop in the trend was certainly the decline suffered by Bitcoin, whose trend gave rise to an amazing rally and reported above share $ 6.000.
The price of Bitcoin was followed by the prices of the other digital currencies which recorded even more marked results and progressions.
See also the recent article on the Listing of Bitcoin Cash on Crypto.com
Bitcoin Cash: the origins
In April 2011 the first Bitcoin fork gave rise to an Altcoin called Namecoin. In the following years other forms of Bitcoin were created, which aimed to improve the BTC blockchain, many of which ceased to exist, while others like the Litecoin they are increasingly appreciated.
Il Bitcoin Cash was created on 01/08/2017 using a hard fork, subsequently on 31/07/2017 the BHC and BTC became two blockchain completely independent lists.
Bitcoin Cash: why was it created?
The main reason for the birth of this cryptocurrency was the need for increase the size of the Bitcoin block.
The latter, still to this day, has a maximum block size of 1 mb, the creators of Bitcoin cash decided to eliminate this limitation by creating a hard fork with two different protocols or:
- il Bitcoin with block fixed to 1 mb,
- il Bitcoin Cash with extended block up to 32 mb.
The main reason that led to the extension is related to the fact that in a 1 mb block the feasible transactions are few thousand.
Bitcoin and Bitcoin Cash: Differences according to users
Bitcoin Cash has many supporters, who prefer that transactions are recorded on the blockchain, for this reason they rely on much more capacious blocks.
Instead those who use Bitcoin do not need to record all transactions on the public blockchain, but prefer to perform off-chain registration using the Lightning Network.
Moreover, those who execute transactions through Lightning Network, besides being immediate, have very low commission costs.
Those who use BCH transactions via on-chain in addition to having longer waiting times, pay higher commissions.
