Bitcoin Cash

Bitcoin Cash is a Layer 1 proof-of-work blockchain that emerged in August 2017 as a hard fork of Bitcoin, created with the aim of functioning as a peer-to-peer electronic cash system for everyday payments. Its central claim is that Bitcoin had become impractical for ordinary transactions due to high fees and slow confirmation times, and Bitcoin Cash addresses this by expanding the block size limit from 1 MB to 8 MB, allowing more transactions to be processed per block. The intended users are anyone seeking to send or receive payments on-chain at low cost without relying on second-layer solutions.

Bitcoin Cash uses the SHA-256 proof-of-work consensus algorithm, the same one used by Bitcoin, meaning miners compete to produce valid blocks and are rewarded in BCH for doing so. The network recorded 131 blocks in the most recent 24-hour period against a 24-hour average block time of roughly 659 seconds, and the current hashrate stands at 2.925 exahashes per second. BCH is the native token used to pay transaction fees and compensate miners; the protocol does not use smart-contract-driven staking or burning mechanics, and all issuance flows directly to miners.

Transaction fees on the Bitcoin Cash network are paid by users who submit transactions and collected entirely by miners; the protocol retains no revenue, which is confirmed by revenue figures of zero dollars across the trailing 24 hours, 30 days, and 12 months. Over the trailing 30 days the network generated 2,277 USD in total fees, and over the trailing 12 months it generated 53,268 USD in fees. The 24-hour average transaction fee stands at roughly 0.003003 USD and the median at 0.000704 USD, reflecting the low-cost-payment design goal. Because protocol revenue is zero, revenue-based valuation measures are not meaningful for this asset.