What is the issuance and circulation of BCH coins?

BCH coins emerged from a 2017 Bitcoin hard fork, with an initial supply matching Bitcoin's, distributed on a 1:1 basis to holders.

Oct 12, 2024 at 05:05 pm

Issuance and Circulation of BCH Coins

BCH coins, also known as Bitcoin Cash, emerged as a result of a hard fork in the Bitcoin blockchain on August 1, 2017. The following outlines the key aspects of its issuance and circulation:

1. Issuance:

BCH coins were created through the duplication of Bitcoin (BTC) balances held by users at the time of the hard fork.
The initial total supply of BCH was equal to the total Bitcoin supply at that time (approximately 12,763,192 BTC).

2. Distribution:

BCH coins were distributed to eligible Bitcoin holders in a 1:1 ratio.
This means that if an individual held 1 BTC before the fork, they received 1 BCH.

3. Circulation:

BCH coins entered circulation immediately after the hard fork.
They are traded on various cryptocurrency exchanges and can be stored in BCH-specific wallets.
BCH transactions are processed and verified by a separate blockchain distinct from the Bitcoin blockchain.

4. Current Supply:

As of February 2023, the circulating supply of BCH is approximately 19,209,972 BCH.

5. Market Value:

The market value of BCH fluctuates in relation to the supply and demand dynamics in the cryptocurrency market.
It is currently ranked among the top 20 cryptocurrencies by market capitalization.

6. Halving Events:

Similar to Bitcoin, BCH undergoes halving events approximately every four years.
During a halving, the block reward for miners is reduced by half, slowing down the issuance rate of new coins.
The most recent BCH halving occurred on April 8, 2020, reducing the block reward from 12.5 BCH to 6.25 BCH.

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