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bitcoin-cash-abc-2

Bitcoin Cash ABC Price (BCHA)

#49
$62.01
-45.02%
฿0.00289289
-45.61%
Market Cap

The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply (the total number of mined coins).

Market Cap = Current Price x Circulating Supply.
$1.2B
Volume 24h

Volume 24h is referring to the total amount of a cryptocurrency traded in the previous 24 hours.

$6.2
Circulating Supply

Available supply or circulating supply is the best approximation of coins or tokens in circulation and publicly available.

18,794,058
Total Supply

The total supply of a cryptocurrency is referring to the total amount of coins in circulation or locked minus the removed ones.

Total supply = Onchain Supply - Coins Removed from Circulation
21,000,000
Fully Diluted Valuation

The fully diluted market value is referring to a cryptocurrency's market cap when/if its total supply is issued.

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Bitcoin Cash ABC Price Chart (USD)

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Bitcoin Cash ABC Price Update

Bitcoin Cash ABC price is $62.01 , down 45.02% in the last 24 hours, and the live market cap is $1.2B . It has a circulating supply volume of 18,794,058 BCHA coins and a max. Supply volume of 21,000,000 BCHA alongside $1.2B 24h trading volume.
The addresses and transactions of Bitcoin Cash ABC can be explored in https://explorer.bitcoinabc.org/ .
Bitcoin Cash ABC website is https://e.cash/.

Crypto Calculator

BCHA

BCHA

About Bitcoin Cash ABC

Bitcoin Cash ABC (BHCA) was created as a hard fork from Bitcoin Cash.


Bitcoin Cash ABC shares some features with Bitcoin Cash in aiming to develop an accessible and tradeable cryptocurrency while addressing the scalability and speed issues of Bitcoin.


Check the current BCHA price, market cap, current circulating supply, total supply, trading volume, historical statistics, etc., along with in-depth information on several of the biggest and fastest-growing cryptocurrencies on CoinStats, one of the best crypto platforms around.


CoinStats is a cryptocurrency research and portfolio tracker app that provides valuable information on cryptocurrency news and investment advice to help investors make better decisions.


Read on to learn everything you need to know about Bitcoin Cash ABC and the BCHA token.


What Is Bitcoin Cash ABC


Bitcoin Cash ABC is a blockchain protocol with its native token BCHA. It was created in November 2020 as a result of the Bitcoin Cash hard fork, which in its turn is a fork of Bitcoin.


The Bitcoin Cash split happened as a result of disagreements between the network participants and developers regarding the SegWit2x update, which offered to change the arrangement of transactions.


Opponents of the proposal supported the chain called "Bitcoin Cash Node," which continued to operate under the name and ticker of Bitcoin Cash. The other chain was called Bitcoin Cash ABC (BCHA).


Bitcoin Cash ABC uses the original Bitcoin Cash client but has incorporated several changes to its blockchain, such as Canonical Transaction Ordering Route (CTOR) – which rearranges transactions in a block to a specific order.


For the fork, the network participants used Electrum ABC wallet alongside an Electron Cash wallet, where Bitcoin Cash (BCH) token holders sent their tokens to split them.


Like Bitcoin and Bitcoin Cash, BCHA has a max supply of 21.000.000 coins.


In early July 2021, Bitcoin ABC announced a rebranding to eCash and switching to Proof-of-Stake (PoS) consensus mechanism.


Bitcoin Cash ABC Founders


The idea of Bitcoin Cash ABC belongs to the software engineer Amaury Sechet, who has extensive experience, including his role at Facebook.

Sechet offered the solution to operate a Bitcoin Cash full node in 2017. Previously, he took active participation in the Bitcoin Cash development, helping to build the protocol's core and to separate it from the Bitcoin network. The engineer continued to work on the protocol after the Bitcoin SV (BSV) fork happened in November 2018. As of October 2021, Sechet continues to be the lead developer of Bitcoin cash ABC, now working on the network's upgrade, eCash project.


How Does BCHA Work


As a fork of Bitcoin Cash, BCHA follows the same mission of increasing Bitcoin block size and boosting the efficiency of transactions.


Bitcoin Cash also operates on the same proof-of-work consensus mechanism as Bitcoin, utilizing a Secure Hash Algorithm (SHA).


The two protocols have common characteristics but also core differences. Bitcoin Cash ABC introduced two main changes. The first one was a new mining difficulty adjustment algorithm and a function called coinbase-rule, which adds a tax to those mining Bitcoin Cash ABC. 8% of all BCHA mined are distributed back into the ecosystem, allowing for a self-sustaining network. 50% of this "tax" is given to developers for protocol operation, and the remainder is used in a governance system called the Global Network Council.


BCHA tokens are native to the Bitcoin Cash ABC network. They can be used for certain integrated applications as a form of economy and to vote on governance. There is a high entry-level stake required to gain voting power.


Like the Bitcoin network, Bitcoin Cash ABC implements halving after 210.000 blocks are mined. A bitcoin halving is an event where the reward for mining new blocks is halved, meaning miners receive 50% fewer bitcoins for verifying transactions.


The BCHA development team uses funds for network operations and strategic initiatives, such as setting adaptive block sizes, expanding the team, etc. Meanwhile, the Global Network Council is a governance system where developers, miners, and token holders decide how to distribute the fund to the network.


Amaury Sechet finds that the self-funding mechanism corresponds to Bitcoin's original vision.


After the fork, all Bitcoin Cash token holders automatically owned BCHA for the same amount. As a result, the token got listed on many platforms. Also, a BCHA airdrop happened.


Bitcoin Cash ABC Upgrade and Rebranding

On July 1, 2021, Bitcoin Cash ABC rebranded into eCash (XEC). The BCHA team decided to relaunch the project to make it compatible with the Ethereum blockchain and increase its scalability.


The protocol partnered with the layer one blockchain Avalanche and added the Proof of Stake consensus layer.


eCash is the natural continuation of the Bitcoin Cash project. It allows staking, protocol governance, fork-free network upgrades, and subchains and significantly increases the speed of transactions.


There were no changes to the blockchain during the upgrade, so a token swap isn't required. The rebranded cryptocurrency, XEC eCash, is equal to 1.000.000 BCHA tokens. The redenomination of the token will see the decimal places of the eCash coin reduce from eight to two.

Max supply of eCash is 21 trillion.


The protocol updated the address format. To change between address formats, users will need to use a converter. The upgrade takes place automatically, displaying holdings as eCash and not BCHA. If users don't update wallets, everything will continue to work as before.


However, the team advises making the change as new platforms and wallets mainly display the protocol and its coin as eCash (XEC).


As the native coin of eCash, XEC operates on its own blockchain like Bitcoin and Ethereum. Also, there is a "Wrapped XEC'' token available on the Binance Smart Chain. Wrapped XEC allows trading the token on Binance and using it in various apps to gain interest.


Binance holds the funds, which can be unwrapped according to the owner's orders.


How to Buy BCHA


After the rebrand, most crypto trading platforms changed the display name of Bitcoin Cash ABC to eCash. However, as there are exchanges that haven't upgraded the display yet, eCash's goal to represent BCHA at a ratio of 1:1.000.000 isn't fully achieved. This is because trading activities differ on various exchanges. The team encourages all platforms to update their listings.


Among crypto exchanges that support BCHA's rebranded version (XEC) are Binance, Huobi Global, Upbit, Gate.io. OKEx, and others.


To buy BCHA, traders need to open an account on a crypto exchange that supports the token. It's essential to compare platforms regarding their security, fees, and other metrics before deciding if it suits your needs.


Follow these steps to buy BCHA:


Step 1: Register on Fiat-to-Crypto Exchange.


Step 2: Buy Bitcoin BTC with fiat money. Once you finish the KYC process, you will need to add a payment method. You can provide a credit/debit card or use a bank transfer. Depending on the country of your residence, some countries will offer instant cash deposits with low fees. Now you can buy BTC.


Step 3: Transfer BTC to an Altcoin Exchange. Since BCHA is an altcoin, you must transfer your coins to an exchange that trades BCHA in various market pairs. Deposit BTC to the exchange, and you're all set to purchase BCHA.


Step 4: Acquire a hardware wallet: If you plan to keep your BCHA for a considerably long time, you may want to store them in a wallet securely. Hardware wallets like Ledger Nano S and Ledger Nano X are the most popular options in this category.


You can also manage all your activities on CoinStats. Simply connect your accounts to the crypto tracker and get access to various exchanges, compare trading conditions, trade and store tokens securely, and much more.


BCHA price is volatile and depends on the general market state, the coin's demand, network upgrades, etc.

No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze and verify our content before relying on it. Trading is a highly risky activity that can lead to major losses; please, therefore, consult your financial advisor before making decisions. No content on our site is meant to be a solicitation or offer.

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