Bitcoin Cash price in euros

Bitcoin Cash (BCH) is an open-source cryptocurrency and payment network that came out of a Bitcoin split (hard fork) on August 1, 2017. The dispute was over how to increase the network’s capacity: BCH supporters chose bigger blocks, so more transactions could fit directly on the blockchain.

The Bitcoin ABC team, led by Amaury Séchet, played a central role in its creation, together with miners and other supporters. No single company controls it, and its goal is everyday payments with low fees.

What it’s used for

Users store BCH in digital wallets, send money and pay businesses that accept it. The network also supports token issuance and programmable transactions, meaning transfers that execute under specific conditions.

For a user in Greece, its practical usefulness depends on whether the recipient or the store accepts BCH. Merchant acceptance remains limited compared with conventional payments, and BCH is a different coin from BTC, not an alternative name for it.

How many BCH are there

The maximum supply is 21 million BCH. New coins are issued through mining, using a proof-of-work mechanism and the SHA-256 algorithm: miners are rewarded for adding blocks and also collect transaction fees.

The block reward is cut in half every 210,000 blocks, roughly every four years. As a result, the creation of new BCH gradually slows down.

What to watch out for

Bigger blocks increase the storage and bandwidth requirements for anyone running a full node, meaning a computer that verifies the transaction history. BCH has less mining hashrate than Bitcoin, and the concentration of miners in a few pools creates risks of censorship or reorganization of recent transactions.

It competes with Bitcoin, stablecoins and other payment networks, and low fees alone don’t guarantee widespread use. We find its focus on direct on-chain payments interesting, but we judge the technology together with the network’s running costs and security.