{"id":10283,"date":"2023-06-06T20:57:09","date_gmt":"2023-06-06T20:57:09","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10283"},"modified":"2025-09-10T15:24:05","modified_gmt":"2025-09-10T15:24:05","slug":"what-is-bitcoin-cash-bch","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-bitcoin-cash-bch","title":{"rendered":"What is Bitcoin Cash (BCH)?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-bitcoin-cash-bch\/#history_of_bitcoin_cash\" >History of Bitcoin Cash<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-bitcoin-cash-bch\/#how_does_bch_work\" >How does BCH work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-bitcoin-cash-bch\/#bch_mining\" >BCH mining<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-bitcoin-cash-bch\/#bch_wallets\" >BCH Wallets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-bitcoin-cash-bch\/#price_of_bch\" >Price of BCH<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-bitcoin-cash-bch\/#differences_bitcoin_cash_vs_bitcoin\" >Differences: Bitcoin Cash vs. Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-bitcoin-cash-bch\/#where_to_buy_bitcoin_cash_bch\" >Where to Buy Bitcoin Cash (BCH)?<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>Bitcoin Cash is a cryptocurrency that is derived from a community-based update of the Bitcoin blockchain or blockchain protocol. In short words,\u00a0<strong>is a hard fork of the Bitcoin blockchain<\/strong>. The main goal of the cryptocurrency was to overcome Bitcoin thanks to its scalability and its great potential as a global payment system.<\/p>\n<p><strong>Bitcoin Cash was born as an alternative to original Bitcoin<\/strong>\u00a0due to various changes in the blockchain and structure of this cryptocurrency. Its adepts declare that Bitcoin Cash respects the\u00a0<strong>original vision<\/strong>\u00a0presented in 2008 by Satoshi Nakamoto.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"history_of_bitcoin_cash\"><\/span><b>History of Bitcoin Cash<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Because of\u00a0<strong>the large increase in users using Bitcoin<\/strong>, long queues were generated to carry out transactions with this cryptocurrency. This was mainly due to the fact that\u00a0<strong>each of the blocks of the Bitcoin chain has 1MB of storage and this implies that a maximum of 7\/8 transactions are performed per second<\/strong>.<\/p>\n<p>This limitation began to generate conflicts within the Bitcoiner community where you could see two groups with different ideals:<\/p>\n<ul>\n<li>Those who wanted to\u00a0<strong>increase the block space limit<\/strong>\u00a0to process about 14 transactions per second.<\/li>\n<li>Those who wanted to maintain the current space, because it would increase the costs for miners.<\/li>\n<\/ul>\n<p>Finally, part of the community, in favour of expanding the capacity decided to create a new digital currency called\u00a0<strong>Bitcoin Cash<\/strong>. The name refers to the fact that BCH tries to perform the original functions raised by Satoshi Nakamoto to create digital money\u00a0<strong>which acts as a substitute for<\/strong>\u00a0<strong>cash.<\/strong><\/p>\n<p>In August 2017, Bitcoin owners saw their balance doubled due to the creation of this new cryptocurrency, which currently has a\u00a0<strong>maximum capacity limit of 32MB per block<\/strong>\u00a0vastly superior to Bitcoin.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_bch_work\"><\/span><b>How does BCH work?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin Cash (BCH) uses the same core technology as the Bitcoin blockchain, so its operation is quite similar.<\/p>\n<p>The blockchain of this currency also has a\u00a0<strong>copy of the complete history of transactions made<\/strong>. Nodes are the ones that approve whether a new transaction is legitimate or not. When BCH is sent, the nodes check if the issuer has enough Bitcoin Cash to authorize the transaction.<\/p>\n<p>When the nodes approve the legitimacy of the transaction, this\u00a0<strong>will be added to a block by a miner<\/strong>. Since blocks can never be removed from the chain, this is a very important process. Each miner is a node, but each node is not necessarily a miner.<\/p>\n<p>As in the case of Bitcoin, to make sure that only honest entities are able to create a block full of transactions,\u00a0<strong>the creation of a block costs a lot of power<\/strong>.<\/p>\n<p>To fake any data in the chain, you\u2019ll need more than 50 percent of the total power of your computer. Something\u00a0<strong>truly unattainable<\/strong>\u00a0because it requires a lot of computational power, the cost of which would not be justified for the profit that can be obtained by falsifying these data.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"bch_mining\"><\/span><b>BCH mining<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Whereas the cryptocurrency is a Hard Fork without further modification,<b>\u00a0its extraction is practically equal to that of the basic cryptocurrency, Bitcoin<\/b>. Both extraction protocols use the same consensus, Proof of Work (Pow). Thanks to this, mining teams to mine Bitcoin can be used for Bitcoin Cash with some modifications.<\/p>\n<p>At first, both mines were equally complex and unprofitable, however, as Bitcoin Cash turns out to be less attractive\u00a0<strong>reduced the difficulty of mining<\/strong>\u00a0by 20 when less than 6 blocks are found in 12 hours. This way it will take less time and energy and increase profitability.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"bch_wallets\"><\/span><b>BCH Wallets<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As with all cryptocurrencies, to store them you will need a wallet, but not any wallet, but one\u00a0<strong>enabled for the cryptocurrency you want to store<\/strong>. There are different types of wallets, each with different features that fit better or worse to the user\u2019s needs.<\/p>\n<ul>\n<li>Of all the existing options, the most secure, easy-to-use and Bitcoin Cash-compatible wallets are\u00a0<a href=\"https:\/\/shop.ledger.com\/products\/ledger-nano-x\"><b>Ledger Nano X Wallet<\/b><\/a>. It is a secure and compatible hardware wallet with more than a thousand tokens.<\/li>\n<li>Another option is\u00a0<a href=\"https:\/\/trezor.io\/#comparison\"><b>Trezor<\/b><\/a>, a hardware wallet with support for more than 1800 cryptocurrencies, reliable and good reputation. Its price is about 50 or 60 USD.<\/li>\n<li>You can also opt for wallet adaptable to your computer and mobile as\u00a0<a href=\"https:\/\/www.exodus.io\/\">exodus<\/a>\u00a0among other. Its interface is simple and is among the best to start in the world of cryptocurrencies<b>.<\/b><\/li>\n<\/ul>\n<div id=\"image_93140725\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-16-que-es-bitcoin-cash-04.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-16-que-es-bitcoin-cash-04.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-16-que-es-bitcoin-cash-04-300x205.jpg 300w\" alt=\"que es bitcoin cash Bitnovo\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-16-que-es-bitcoin-cash-04.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-16-que-es-bitcoin-cash-04-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-16-que-es-bitcoin-cash-04.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"price_of_bch\"><\/span><b>Price of BCH<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Although currently the price of Bitcoin Cash fluctuates between 279 USD and 292 USD it came to cost up to 75 USD in December 2018.\u00a0<strong>Its maximum was 4.355 USD<\/strong>\u00a0in December 2017. Currently occupies the number 6 in the graph of market capitalization with a<b>\u00a0total capitalization of $5,264,952,321 USD.<\/b><\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"differences_bitcoin_cash_vs_bitcoin\"><\/span><b>Differences: Bitcoin Cash vs. Bitcoin<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Even if one cryptocurrency comes from the other, which makes them really similar, it doesn\u2019t mean they\u2019re exactly the same.\u00a0<strong>Bitcoin and Bitcoin Cash have remarkable differences that are worth clarifying<\/strong><b>:<\/b><\/p>\n<ul>\n<li>As a main difference we find the increase in size of the Bitcoin Cash block compared to Bitcoin. Thanks to this,\u00a0<strong>Bitcoin Cash transaction rates are much lower than in Bitcoin<\/strong><b>.<br \/>\n<\/b><\/li>\n<li>While the original cryptocurrency has a block size of 1MB, Bitcoin Cash has a block size of 32MB.<\/li>\n<li>While BCH produces each block at 10-minute intervals and is certainly faster than Bitcoin, the use of its network is also considerably lower.<\/li>\n<\/ul>\n<div id=\"image_1292417644\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-16-que-es-bitcoin-cash-02.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-16-que-es-bitcoin-cash-02.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-16-que-es-bitcoin-cash-02-300x205.jpg 300w\" alt=\"que es bitcoin cash Bitnovo\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-16-que-es-bitcoin-cash-02.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-16-que-es-bitcoin-cash-02-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-16-que-es-bitcoin-cash-02.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"where_to_buy_bitcoin_cash_bch\"><\/span><b>Where to Buy Bitcoin Cash (BCH)?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you want to know how to buy Bitcoin Cash or where to do it, we recommend that you\u00a0<a href=\"https:\/\/www.bitnovo.com\/en\/buy\/bitcoin\/\">buy Bitcoin Cash\u00a0<\/a>at Bitnovo. It\u2019s really a quick and safe way to do it.<\/p>\n<p>Our goal as a company is to make sure that a person just entered the cryptocurrency world can buy any cryptocurrency quickly and easily, without suffering the inconveniences that have most cryptocurrency exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Bitcoin Cash is a cryptocurrency that is derived from a community-based update of the Bitcoin blockchain or blockchain protocol. In short words,\u00a0is a hard fork of the Bitcoin blockchain. The main goal of the cryptocurrency was to overcome Bitcoin thanks to its scalability and its great potential as a global payment system. Bitcoin Cash was [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":7084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[],"class_list":["post-10283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10283"}],"version-history":[{"count":2,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10283\/revisions"}],"predecessor-version":[{"id":24675,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10283\/revisions\/24675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7084"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}