Bitcoin Cash (BCH) is the result of a Bitcoin hard fork. Over the years, Bitcoin garnered extreme growth and as a result, it became difficult to handle large transaction amounts. With a block size of just 1 MB, Bitcoin became too slow. To combat this challenge, one of Bitcoins’ top developers Hal Finney added plans for the block to increase eventually down the road but then in 2014, Finney died, leaving the future of block size in the hands of the Bitcoin community. The community then chose to separate from the original Bitcoin blockchain and become Bitcoin Cash. BCH has 8MB - 32MB per block, thus solving the scalability problem.
The BCH price on YouHodler is aggregated from several different cryptocurrency exchanges in an attempt to provide the most accurate price possible. YouHodler combines BCH price rates from Binance, Kraken, Huobi, OKEx, and others.
To monitor BCH prices efficiently, we recommend downloading our app for iOS and Android compatible smartphones. This allows you to follow the latest BCH price anytime, anywhere for free.
The BCH price constantly changes, however, our interest rates are stable as ever. Since 2019, our BCH savings account has featured 5.5% APR + compounding interest. Stability is our middle name.
There are many useful scenarios for a crypto-backed loan. Use it to hedge your portfolio in the event of a BCH price drop or simply use the growing value of your BCH price as collateral for instant cash. Keeping HODLing BCH and profit.
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