1. QiAi QuestsHome
  2. Daily Digest

What is BCH and how much is it issued? (What is BCH and what is the total supply?)

• Daily Digest • 65 views

What is BCH and how much is it issued? Editor\’s note: This article is from Bloc

What is BCH and how much is it issued? (What is BCH and what is the total supply?)

What is BCH and how much is it issued? Editor’s note: This article is from BlockBeats (ID: blockbeats), author: 0x2, authorized to be reproduced by Odaily Star Daily.

Bitcoin Cash (BCH) is a part of the tokens issued by Bitcoin Cash and was forked into a new version called “hard disk” after November 2018. This new version of the coin is called BCH. It has two characteristics: 1. total supply of 21 million; 2. block reward of 1 BCH generated every 10 minutes; 3. halved every quarter. Its quantity determines its value, similar to BTC, but with the difference that the larger the quantity, the more valuable it becomes. So what is BCH? How much is it issued? BCH is a form of cryptocurrency that allows users to buy and sell digital assets at a cheaper price compared to Bitcoin. This mechanism is similar to banks or financial service companies issuing fiat currency to buy Bitcoin, then converting it to USD and using it for payment to commercial customers.

Currently, there are many platforms in the market that provide custody, trading, and other services for exchanges or enterprises, such as Huobi, OKEX, and so on. However, the management methods of these platforms are to verify the accounts of all users through private key signatures, ensuring network security and privacy. (Note: If you want to become a listed company, you can also sell its stocks.)

However, according to CoinMarketCap’s data, Bitcoin trading volume in the first quarter of 2019 increased nearly 100 times. The trading volume in the first quarter of 2019 was only more than twice that of the same period last year. Therefore, as the market continues to decline, more and more mainstream institutions are starting to invest in Bitcoin.

What is BCH and what is the total supply?

According to coincryptorama, BCH is a digital currency. According to the statistics from BitInfoCharts, as of May 15th, the total supply of BCH is 83 million coins, of which the circulating supply accounts for over 5%; mining rewards account for about 8%, and each transaction income is only between 6% to 10%. Currently, about 21 million dollars worth of Bitcoin (BTC) have been destroyed. According to data from CoinMarketCap, the top ten cryptocurrencies by market capitalization at the time of writing include ETH, XRP, LTC, and EOS, among others.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/22911.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/09/2023 20:59
Next 08/09/2023 21:21

Related recommendations