Bitcoin Cash (BCH) went up 1.42% in less than 24 hours

Bitcoin Cash (BCH) had a good 24 hours as the crypto jumped $2.25 or 1.42% trading at $160.66. According to International Crypto Experts, Bitcoin Cash (BCH) eyes $176.73 target on the road to $312.89. BCH last traded at Coinbase exchange. It had high of $163.97 and low of $157.63 for January 9-10. The open was $158.41. About 42,619 BCH worth $6.86 million traded hands.

Bitcoin Cash (BCH) is up 57.25% in the last 30 days from $102.17 per coin. Its down -69.82% in the last 100 days since when traded at $532.40 and the annual trend is down. 200 days ago BCH traded at $762.42. BCH has 17.47 million coins mined giving it $2.81 billion market cap. Bitcoin Cash maximum coins available are 21.00 million. BCH uses SHA256 algorithm and PoW proof type. It was started on 01/08/2017.

Bitcoin Cash (BCH) is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks. Also BCH will adjust the difficulty every 6 blocks as opposed to 2016 blocks as with Bitcoin.

Bitcoin Cash is a proposal from the viaBTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called “Bitcoin Cash”. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split BCH for the customer.