When was BCH coin issued? Learn about the origin of BCH coin in one article

Bitcoin Cash emerged from a hard fork of the Bitcoin blockchain on August 1, 2017, due to a scaling debate within the community.

Oct 15, 2024 at 04:54 am

The Origin of BCH: A Comprehensive Guide to the Bitcoin Cash Coin

1. Genesis of Bitcoin Cash

Bitcoin Cash (BCH) emerged as a hard fork of the original Bitcoin (BTC) blockchain on August 1, 2017. The fork was driven by a scaling debate within the Bitcoin community, where many users advocated for increasing the block size to accommodate more transactions and reduce network congestion.

2. Technical Differences

The key technical difference between Bitcoin and Bitcoin Cash lies in their block size. BCH increased the block size limit from 1 megabyte (MB) to 8 MB, allowing for a higher number of transactions per block. This change was aimed at improving scalability and reducing transaction fees.

3. Reasons for the Hard Fork

The hard fork originated from a disagreement over the optimal path forward for Bitcoin. Some users believed that increasing the block size was essential to meet the growing transaction demands, while others prioritized maintaining the original Bitcoin protocol and adhering to its decentralized principles.

4. Impact of the Hard Fork

The hard fork led to the creation of two separate digital currencies: Bitcoin (BTC) and Bitcoin Cash (BCH). Holders of BTC at the time of the fork received an equal amount of BCH, resulting in a 1:1 split.

5. Market Performance of BCH

In the years following its issuance, BCH has exhibited a distinct market performance compared to BTC. While both cryptocurrencies experienced significant price swings, BCH has generally had a lower market capitalization and different adoption rates.

Conclusion

Bitcoin Cash was born out of a scaling debate within the Bitcoin community and emerged as a hard fork in August 2017. It increased the block size limit to overcome network congestion and improve scalability. The issuance of BCH resulted in a 1:1 split with BTC holders, and its market performance has since diverged from the original cryptocurrency.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

HT

$0.4887

7165577.51%

Trade Now
T99

$0.1356

144450.79%

Trade Now
ORBR

$0.1824

42.61%

Trade Now
ELF

$0.3003

34.53%

Trade Now
SYRUP

$0.1726

31.34%

Trade Now
FAI

$0.0178

28.62%

Trade Now

Latest Crypto News

Qubetics (TICS): The Future of Decentralized Privacy and Security
2025-03-13 17:10:51
Crypto market analysts are forecasting notable price surges for several key digital assets.
2025-03-13 17:05:51
Arthur Hayes Bitcoin (BTC) Price Outlook: $70K Bottom in Sight?
2025-03-13 17:05:51
Falling knife warning furthers sell-off risks
2025-03-13 17:05:51
Bitcoin (BTC) must close the week above $89,000 to signal an end to the short-term downtrend
2025-03-13 17:05:51
The cryptocurrency market is attempting a recovery from the sharp sell-off earlier this week, as U.S. inflation drops to 2.8%.
2025-03-13 17:05:51

Related knowledge

What are the main functions of ERC-20 tokens?

Mar 13,2025 at 12:21am

Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...

How are ERC-20 tokens created on the Ethereum blockchain?

Mar 13,2025 at 01:30pm

Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...

What is the ERC-20 standard?

Mar 12,2025 at 06:30pm

Key Points:The ERC-20 standard is a technical specification for creating tokens on the Ethereum blockchain.It defines a common set of rules and functions that all ERC-20 tokens must adhere to.This standardization facilitates interoperability and ease of use for developers and users.Understanding ERC-20 is crucial for anyone involved in Ethereum-based to...

Does SOL coin leverage trading support multi-currency collateral?

Mar 13,2025 at 03:00pm

Key Points:Solana (SOL) leverage trading platforms generally do not support multi-currency collateral directly.Most platforms restrict collateral to SOL itself for leveraged trading of SOL.Using a different cryptocurrency as collateral would require complex intermediary steps and likely higher fees.The lack of multi-currency collateral is a common limit...

Does SOL coin leverage trading support 24-hour trading?

Mar 13,2025 at 09:15am

Key Points:Solana (SOL) leverage trading is offered by numerous cryptocurrency exchanges, but 24/7 availability varies by platform.Most major exchanges offering SOL leverage trading provide near-24/7 access, though brief maintenance windows might occur.The specific trading hours are determined by the individual exchange, not by Solana's blockchain itsel...

Is there a limit on the holding time of SOL in leveraged trading?

Mar 12,2025 at 08:40am

Key Points:There's no inherent time limit on holding SOL in leveraged trading imposed by the cryptocurrency itself.Holding times are dictated by the leveraged trading platform's terms and conditions, and risk management strategies.Liquidity requirements, funding rates, and margin calls significantly influence how long one can realistically hold a levera...