BotWhat Value Does Bitcoin Cash have?
The success of Bitcoin Cash (BCH) demonstrates that older cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have little future in their present forms.
Currently, Bitcoin Cash (BCH) is the fourth most popular cryptocurrency according to our friends at CoinMarketCap. Notably, BCH had a Coin Price of $423.71, a Market Capitalization of $7.386 billion, and a 24-Hour Market Volume of $301.329 million on 31 October 2018. Bitcoin Cash achieved those numbers on a circulating supply of 17.427 million BCH and a Maximum supply 21 million BCH.
The numbers reveal there is a lot of interest in Bitcoin Cash, but what is it. Moreover, why is BCH’s Coin Price so high right now?
is Bitcoin Cash (BCH) has a High Transaction Volume?
The best way to think of Bitcoin Cash (BCH) is as an improved version of Bitcoin (BTC).
To explain, Bitcoin has a lot of limitations that make it hard for anybody but geeks to use it. For example, How Much estimates that plain Bitcoin only processes seven transactions a second (TPS). Therefore, only seven people could send Bitcoin payments at once if How Much is correct.
Bitcoin’s low TPS is a perfect example of the greatest limitation to cryptocurrencies the Great Blockhain Scalability Problem. To explain the encryption that makes cryptocurrency and the blockchain secure limits speed and capacity.
Bitcoin Cash tries to solve with that with a higher TPS volume. In detail, How Much gives BCH a TPS volume of 60. Thus, Bitcoin Cash’s TPS volume is higher than those of Litecoin (TLC), Dash (DASH), and Ether (ETH).
For the record, How Much estimates Litecoin’s volume at 56 transactions a second. In addition, How Much calculates Dash’s volume at 48 transactions a second and Ethereum’s volume at 20 transactions a second.
Is Ripple (XRP) better than Bitcoin Cash?
However, How Much claims Ripple (XRP) has a volume of 1,500 transactions a second. Hence, Ripple is the only cryptocurrency I know of capable of handling large volumes of transactions.
