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↘️-0.27 Wrapped Bitcoin WBTC $42699.76 $11395742251
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Bitcoin Cash (BCH) is a peer-to-peer electronic cash system. Bitcoin Cash (BCH) is a peer-to-peer electronic cash system, which aims to enable “ new economies with low fee micro-transactions, large business transactions, and permissionless spending .” Bitcoin Cash originated from an upgrade proposal of Bitcoin , that increased the maximum block size from 1 megabyte to 8 megabytes, which ultimately led to a hard-fork on August 1st, 2017 . Since then, additional changes have been approved, such as a new difficulty adjustment algorithm, the support of new opcodes, Schnorr Signatures, and further extensions in the block size. Bitcoin Cash uses the same SHA-256d-based Proof-of-Work consensus mechanism as Bitcoin. Bitcoin Cash also has a target block time of 10 minutes, and its total supply is capped at 21 million . On November 16th 2018, the Bitcoin Cash blockchain withstood another hard-fork, which resulted in a chain split into Bitcoin Cash SV and Bitcoin Cash ABC. 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