What is BCH coin (what is the future of BCH coin)

What is BCH coin and what is BCH coin

bCH is a Open-source software based on Bitcoin Cash. In terms of protocol, it is designed to store transaction data on a distributed ledger; It adopts the SHA256 algorithm, which enables every transaction in the network to be verified, accepted, and confirmed; BCHN is operated by a blockchain manufacturer composed of major participants in blockchains such as BTC and ETH. Since the system does not use Cryptocurrency to counter 51% attacks, developers need a reliable network to do these jobs. Why use BCHA (a decentralized digital currency) as a payment method Firstly, we know that the value of bCH mainly comes from its issuance mechanism: if someone wants to receive a large amount of Bitcoin rewards from Bitcoin, they must send or receive a set of Bitcoins to their devices through Bitcoin wallets. This type of fund is usually deposited on exchanges or other places, generating a large amount of income. And when someone sends them a small amount of Bitcoin, they will receive the corresponding reward. This situation can be attributed to the lower mining costs of Bitcoin and the drastic price fluctuations. But there are also some reasons why the price of BTC may rise, which may bring some problems:

1. The Bitcoin network itself does not support all forms of information transmission. But most Bitcoin users prefer to use public “hard drives” (rather than private computers). Bitcoin is completely anonymous and secure. Bitcoin does not rely on any third-party institutions for hosting or licensing services. Everyone on the Bitcoin network is open and transparent. 2. Due to the lack of any company or individual management accounts (such as banks), it is not possible to access the user’s assets. 3. The Bitcoin network also has certain shortcomings: 1. Unlike existing electronic currencies, it cannot provide a specific amount of currency; 2. Bitcoin has a high degree of concentration; 3. Bitcoin nodes do not require external resources; 4. The Bitcoin Core team has sufficient technical strength to ensure the healthy development of the entire ecosystem

What is the outlook for BCH currency

According to Bitcoin. com, as of 16:00 today (GMT+8), BCH is currently trading at $90.49 (+1.82%)

It is reported that Bitcoin Cash is called BSV for short, which is one of the most famous Hard currency among cryptocurrencies such as Bitcoin (BTC), Ethereum, Litecoin and Bitcoin SV. According to data from CoinMarketCap, as of the time of press release, the top seven global virtual asset trading platforms in terms of market value were USDT (US $500 million), EOS (US $444 million) and ETH (US $363 million).