In 2017, the Bitcoin project and its community split in two. Perhaps the least controversial way to refer to each side is simply by their respective ticker symbols, BTC and BCH. Bitcoin Cash is usually represented by the BCH ticker symbol and is considered by its supporters to be the legitimate continuation of the Bitcoin project as peer-to-peer digital cash.
What is Bitcoin Cash?
Bitcoin Cash is an upgraded version of the Bitcoin Core software. It is faster, cheaper and more reliable to use for everyone. There is plenty of advantages to using BCH. Firstly, it is convenient, anyone can send BCH anytime, anywhere and it is also mobile friendly.
You can send really low payments like less than 10 cents for online content, a dollar to a good cause, or five bucks for a cup of coffee. You can even use it to send large business transactions worth millions of dollars, across borders. There are no boundaries, it’s virtually free. When there is a fee it’s so low cost that you won’t even notice.
Bitcoin Cash transactions are extremely fast, you can receive it in a few seconds. With more transaction capacity than the old Bitcoin Core software, and a roadmap of regular network upgrades to meet demand. BCH is reliable. The best part is that Bitcoin Cash is hassle free. That’s all because there are no central points of authority. It’s fast, cheap to use and reliable. Think of it as an electronic cash that you can send or receive instantly.
The current market cap of Bitcoin Cash 5.6 billion USD. The total supply is the same as the regular Bitcoin which is 21 million, and the circulating supply is close to 18 million BCH. Since it’s launch the price of the coin has both increased and decreased, but the current ROI isn’t looking too good for investors, it is -43%.
Where Can You Buy It?
If you want to stock up with some BCH you can do it on almost every cryptocurrency exchange . If you are looking for low trading fees and a reliable exchange platform where you can store and trade your assets, we highly recommend to use our own exchange market, The PEAK.