common-close-0
BYDFi
Trade wherever you are!

What is the meaning of BCH in the context of cryptocurrency?

avatarBruno OliveiraDec 24, 2021 · 3 years ago3 answers

Can you explain the meaning of BCH in the context of cryptocurrency? I've heard about it, but I'm not sure what it stands for and how it relates to the broader cryptocurrency market.

What is the meaning of BCH in the context of cryptocurrency?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    BCH stands for Bitcoin Cash, which is a digital currency that was created as a result of a hard fork from the original Bitcoin network. It was designed to address some of the scalability issues of Bitcoin and provide faster and cheaper transactions. Bitcoin Cash has its own blockchain and operates independently from Bitcoin. It has gained popularity among some cryptocurrency enthusiasts and is supported by various exchanges and wallets.
  • avatarDec 24, 2021 · 3 years ago
    Bitcoin Cash, or BCH, is a cryptocurrency that was created in 2017. It is a result of a split from the original Bitcoin network, and it aims to offer a larger block size and faster transaction speeds compared to Bitcoin. Bitcoin Cash has its own community and development team, and it is traded on various cryptocurrency exchanges. It is important to note that BCH and BTC (Bitcoin) are two separate cryptocurrencies with different values and use cases.
  • avatarDec 24, 2021 · 3 years ago
    Bitcoin Cash (BCH) is a digital currency that was created in 2017 as a result of a hard fork from the original Bitcoin. It was developed to address the scalability issues of Bitcoin and provide a more efficient and cost-effective payment system. Bitcoin Cash has a larger block size, which allows for more transactions to be processed per block and reduces transaction fees. It has gained significant support from the cryptocurrency community and is widely traded on various exchanges, including BYDFi.