please subscribe to the channel press the bell icon you'll be notified of calkine's latest videos i'm sage for calkin media thanks for joining us on our trending topic do you know how much bitcoin cash has soared in the last one year bitcoin cash was created in 2017 from a fork of bitcoin and is considered in many ways the original version of bitcoin when bitcoin was launched in 2008 its white paper specified that the currency would allow the creation of a peer-to-peer electronic cash system which is exactly what bitcoin cash does therefore while this crypto is derived from bitcoin's foundational roots it defers from the largest cryptocurrency in the world in many ways a major difference between the two sister currencies has come in the form of the block size or simply the number of transactions that can be processed in a second initially this block size for bitcoin was fixed at one megabyte which later turned out to be a major hindrance as the number of transactions in the crypto increased rapidly bitcoin cash was introduced as a solution allowing a greater flow of transaction data per second setting it apart from the other bitcoin fork btc which retained the original name thus bitcoin cash retains the fundamentals of the original crypto and allows for greater liquidity into the system and bitcoin cash saw a massive growth of 129 starting from around 220 us dollars in late september 2020 to its current price of us 505 and that was current on the 27th of september 2021
thus your 100 us dollars a year ago would be equal to 229 us dollars today an edge above bitcoin bitcoin cash offers various other advantages over the traditional btc token which have helped the cryptocurrency gain pace in the market and since the crypto has an increased block size of up to 32 megabytes it can be used for higher transaction volumes and at a much cheaper rate than bitcoin additionally just like its parent crypto bitcoin cash also has a limited supply capped at 21 million coins of which 188 million are currently in circulation the cryptocurrency derives its value from this limited supply the increased block size of bitcoin cash allows greater applicability across areas such as smart contracts and nfts now apart from these key fundamental pluses the most recent feature of bitcoin cash has been the us cinema chain amc's announcement that it would accept cryptocurrency as a form of payment for online tickets and additionally this crypto has amassed greater acceptance from platforms within the us and other parts of the world pushing up the crypto's price bitcoin cash continues to be a store of value and is an integral part of the larger decentralization movement seen across the crypto space speculations are rife that this trending crypto could further benefit through its highly effective operation as a medium of exchange if you do like this information please like share comment on the video below subscribe to the channel press the bell icon you'll be notified of kalkine's latest videos but for more information regular updates head to the website it's kalkinemediacom and i'm sage for kalkine media
