-
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16.65%
What is the issue volume of BCH coin? One article to introduce the application scenarios of BCH coin
Bitcoin Cash (BCH) boasts a capped issuance volume of 21 million units and versatile applications, including fast and cost-effective transactions, peer-to-peer payments, merchant acceptance, smart contracts, and DeFi integration.
Oct 13, 2024 at 12:17 pm
1. Overview of BCH Coin
Bitcoin Cash (BCH) is a cryptocurrency created in 2017 as a hard fork of the Bitcoin network. It aimed to increase transaction capacity and reduce fees.
2. Issue Volume of BCH Coin
The maximum issuance volume of BCH coin is 21 million units, the same as Bitcoin. This means there will be a finite supply of BCH, similar to Bitcoin.
3. Application Scenarios of BCH Coin
BCH has several practical applications:
- Fast and Affordable Transactions: BCH transactions are typically faster and cheaper than Bitcoin transactions due to increased block size and reduced fees.
- Peer-to-Peer Payments: BCH is suitable for everyday person-to-person value transfers, such as purchases at stores or online.
- Merchant Acceptance: A growing number of businesses accept BCH as payment, making it a viable alternative to credit cards.
- Smart Contracts: BCH supports the development of smart contracts on the blockchain, enabling the creation of automated agreements and applications.
- Decentralized Finance (DeFi): BCH is used in DeFi applications, such as decentralized exchanges (DEXs) and lending platforms.
4. Conclusion
BCH has a fixed issuance volume of 21 million coins and offers various application scenarios. Due to its fast and affordable transactions, BCH is gaining popularity as a payment option, smart contract platform, and DeFi utility.
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