Bitcoin Cash ABC
Networks
Supported exchanges
About the coin
Bitcoin Cash ABC (BCHA) is a cryptocurrency that emerged from a hard fork of the Bitcoin Cash (BCH) blockchain. This fork occurred in November 2020, leading to the creation of a new chain and its associated token, BCHA.
The primary objective behind the Bitcoin Cash ABC fork was to implement certain protocol upgrades that the developers believed were necessary for the continued growth and scalability of the Bitcoin Cash network. These changes often relate to block size limits, transaction processing, and other fundamental aspects of the blockchain's operation.
As a fork of Bitcoin Cash, BCHA inherits many of the core principles and design philosophies of its predecessor. This includes a focus on peer-to-peer electronic cash, aiming to provide a fast, low-cost, and reliable method for global payments.
The BCHA token operates on its own blockchain, which is a separate entity from the original Bitcoin Cash chain. This means that transactions and network activity for BCHA are distinct and do not directly affect the BCH network, and vice versa.
A notable aspect of BCHA's presence in the crypto ecosystem is its availability on various blockchain networks through token standards. Currently, BCHA is available as a BEP-20 token on the BNB Smart Chain.
The BEP-20 standard is a technical specification for tokens on the BNB Smart Chain, enabling smart contracts to issue and manage fungible tokens. This allows BCHA to be utilized within the BNB Smart Chain's ecosystem, potentially interacting with decentralized applications (dApps) and other tokens on that network.
The contract address for BCHA on the BNB Smart Chain is provided as 0xd475c9c934dcd6d5f1cac530585aa5ba14185b92. This address serves as the unique identifier for the BCHA token on this particular blockchain, facilitating its tracking and management.
The number of decimals for BCHA on the BNB Smart Chain is 18, which is a common standard for many cryptocurrencies and indicates the precision with which the token can be divided.
Unlike stablecoins, BCHA is not designed to maintain a stable value pegged to another asset. Its price is subject to market fluctuations and the broader dynamics of the cryptocurrency market.
The status of BCHA is active, indicating that the cryptocurrency is currently operational and its network is functioning. This implies that transactions can be processed, and the blockchain is being maintained.
The development and future trajectory of Bitcoin Cash ABC are driven by its community and development team, who aim to continue evolving the protocol. These efforts are often focused on improving transaction throughput, enhancing security, and exploring new use cases for the cryptocurrency.
Understanding the origin of BCHA through its hard fork from Bitcoin Cash is crucial for grasping its technological foundation and its position within the cryptocurrency landscape.
The presence of BCHA as a BEP-20 token on the BNB Smart Chain highlights the interoperability and multi-chain nature of many modern cryptocurrencies, allowing them to exist and function across different blockchain environments.
The distinction between the BCHA blockchain and the original Bitcoin Cash blockchain is a key point for users and investors to be aware of when interacting with or researching these assets.
Bitcoin Cash ABC represents one of the many evolutionary paths taken by prominent cryptocurrencies, showcasing the dynamic and often divergent nature of blockchain development.
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Data source: Price and volume snapshots are maintained from the current Gygaz market dataset for this asset.
About Gygaz: Gygaz is a crypto transfer intelligence project focused on exchanges, assets and networks. We structure routing, support and market context so users can compare how crypto moves between platforms.