BCHUSD (Bitcoin Cash vs US Dollar). Exchange rate and online charts.
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05 Jun 2025 12:21
(-0.04%)
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Bitcoin Cash
Bitcoin Cash is a new version of Bitcoin, that is, its split or hard fork. A hard fork is a new blockchain created from the existing one. Thus, Bitcoin Cash is Bitcoin’s blockchain.
Bitcoin Cash is both the payment system and the form of payment. Initially, its symbol was BCC. Later, some exchanges and exchange services began using ВСН to avoid confusion with the tokens of the Bitcoin network.
History
When Bitcoin gained in popularity, the network load increased significantly. The confirmation of transactions was delayed and the processing time slowed down. Bitcoin developers had to initiate a fork of the Bitcoin blockchain to increase the block size. Since a blockchain cannot be changed or erased, both forks started to exist independently. The second network was dubbed Bitcoin Cash. The new blockchain was made up of 8MB blocks.
Pros of Bitcoin Cash:
– small commission
– speedy transactions
– safety
– convenience for miners and investors
Bitcoin Cash vs Bitcoin:
- Small commission for transaction. Users who want to save on transactions use Bitcoin Cash.
- Instant transaction confirmation. Bitcoin Cash’s transaction throughput per second is higher than Bitcoin’s.
- Scalability. The size of Bitcoin block is 1MB, while Bitcoin cash blocks are 8MB in size. The Bitcoin block contains 2,500 transactions, whereas for the first BCH blocks, this figure reached 7,000.
Bitcoin Cash price dynamics shows that this digital currency is constantly developing. Its every drop in value is followed by growth, which is beneficial for both investors and those making a transaction.
Cryptocurrency market experts believe that, despite all the difficulties, Bitcoin still has a lot of potential. That is why the hard fork will not be able to outperform its "big brother" in the near future. At the same time, there is a growing demand for the digital coin among miners and investors.
See Also
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Fundamental analysisWhat to Pay Attention to on June 5? A Breakdown of Fundamental Events for Beginners
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Type of analysisGBP/USD: Simple Trading Tips for Beginner Traders on June 5. Review of Yesterday's Forex Trades
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09:01 2025-06-05 UTC+2
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- The EUR/USD currency pair traded very calmly on Wednesday
Author: Paolo Greco
03:52 2025-06-05 UTC+2
1273
- Intraday Strategies for Beginner Traders on June 5
Author: Miroslaw Bawulski
08:10 2025-06-05 UTC+2
1168
- The Euro Is Ready to Continue the Fight
Author: Laurie Bailey
04:55 2025-06-05 UTC+2
1138
- The Pound Has Weakened but May Pause and Resume Growth
Author: Laurie Bailey
04:55 2025-06-05 UTC+2
1108
- Trading plan
Trading Recommendations and Analysis for GBP/USD on June 5: The Pound Doesn't Waste Its Chances
On Wednesday, the GBP/USD currency pair also traded higher, although volatility remained lowAuthor: Paolo Greco
03:52 2025-06-05 UTC+2
1093
- Fundamental analysis
What to Pay Attention to on June 5? A Breakdown of Fundamental Events for Beginners
There are very few macroeconomic reports scheduled for ThursdayAuthor: Paolo Greco
06:39 2025-06-05 UTC+2
1063
- On Wednesday, the EUR/USD currency pair traded with low volatility and an upward bias
Author: Paolo Greco
06:39 2025-06-05 UTC+2
1033
- Silver's Target: 35.67
Author: Laurie Bailey
04:55 2025-06-05 UTC+2
1003
- Type of analysis
GBP/USD: Simple Trading Tips for Beginner Traders on June 5. Review of Yesterday's Forex Trades
GBP/USD: Simple Trading Tips for Beginner Traders on June 5. Review of Yesterday's Forex TradesAuthor: Jakub Novak
09:01 2025-06-05 UTC+2
988