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Bitcoin Cash is a cryptocurrency that originated as a hard fork of Bitcoin in August 2017, increasing the block size to allow more transactions per second. Since its launch, it has experienced further splits, notably in November 2018 into Bitcoin Cash (BCH) and Bitcoin Satoshi Vision (BSV), and has seen varying adoption by merchants, payment services, and regulatory bodies. While Bitcoin Cash trades on exchanges under the BCH ticker and is supported by platforms such as PayPal, Venmo, and Coinbase, its transaction volume remains lower than Bitcoin, and its price has been volatile, reaching highs in late 2017 before declining substantially.
Bitcoin Cash forked from Bitcoin on 1 August 2017, granting holders of Bitcoin at the time one unit of BCH.
The fork increased the block size limit, initially to 8 MB and later to 32 MB in 2018, to improve transaction capacity.
Bitcoin Cash split again in November 2018 into Bitcoin Cash (BCH) and Bitcoin Satoshi Vision (BSV).
As of 2024, over 40 major businesses in Antigua and Barbuda accept Bitcoin Cash, and payment services like PayPal and Venmo support it.
U.S. regulators consider Bitcoin Cash a commodity, not a security, and several state initiatives have explored its use for tax payments.
Bitcoin Cash forked from Bitcoin on 1 August 2017 at block 478,559.
The larger block size was intended to allow more transactions per second and support its use as a medium of exchange.
Payment services such as PayPal, Venmo, BitPay, Robinhood, Revolut, and Coinbase support Bitcoin Cash.
U.S. regulators have indicated that Bitcoin Cash should be supervised as a commodity rather than a security.
Yes; it traded around $240 at launch, peaked at $4,355.62 in December 2017, and fell to about $519 by August 2018.
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