What Is The Price Of Bitcoin Cash?

Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that offers faster transaction settlements and lower fees than the Bitcoin network. The Bitcoin Cash network resulted from a hard fork in the Bitcoin network in 2017. Like BTC, Bitcoin Cash (BCH) also follows the PoW consensus mechanism wherein node participants must solve complex mathematical puzzles to mine new tokens, validate transactions, and secure the network, but at a much faster rate than Bitcoin (up to 100 TPS). The main value propositions of BCH include faster and less expensive transactions, higher scalability, and decentralization. Recently, the Bitcoin Cash network launched its sidechain smartBCH that offers full EVM compatibility, enabling applications and protocols running on the Ethereum network to run seamlessly on the Bitcoin Cash network. BCH touched its all-time high of $4,112.39 on December 20, 2017, with its total market capitalization jumping past $66 billion.