Bitcoin Cash Quick Facts
Year founded: The exact year that Bitcoin Cash was founded is unclear, but it is thought to be somewhere in 2017. The cryptocurrency was designed to improve the original Bitcoin blockchain and has a larger block size than the original Bitcoin blockchain. It also has lower transaction fees than the original Bitcoin blockchain.
Max supply: There is a maximum possible supply of 21 million Bitcoin Cash. This is a fixed limit set in the Bitcoin Cash protocol and cannot be changed. These 21 million units were created during Bitcoin’s initial coin creation event, called “Genesis.”
The process of generating new units of Bitcoin Cash is called “mining.” New units are generated as a reward for miners who secure the network and validate transactions, making it possible to send and receive Bitcoin Cash without a third party or middleman.
Launch price: In its first week of trading, Bitcoin Cash reached a high of $914.70 before falling to a low of $210.23. The launch price was set at $240.
All-time high: Bitcoin Cash has been criticized for many issues, but one thing that has received a lot of attention is the coin price. For most of 2017, Bitcoin Cash traded in a very narrow range between $300 and $400. However, in early December, it broke above $700 briefly before dropping back below $600. In January 2018, it began to surge again, reaching an all-time high of $3,717. The price then temporarily collapsed to around $2,500 and struggled to return to previous highs until March 2018, when it rose rapidly once again.