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Bitcoin Cash

BCH#23 by market cap

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Bitcoin Cash is for a platform other apps build on. We have not written its record yet, so its promises are not checked. It trades at $220.53, #23 of all coins by size, 94% below its highest ever price.

This week Nothing changed on its record.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. #3 of 7 digital cash coins. Nothing to be careful of on the record.

Is it real?

4 of 4tests passeda real job, real backing, something ahead, room to grow
1named backersCoinbase 50 Index
8 yearson the marketsince 19 December 2017
198.53Kpeople watch iton CoinGecko lists
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Passes all four

  • A real-world jobReal-world purpose: a platform other apps build on
  • Real backingBacking: in the Coinbase 50 Index; trades on Coinbase, Crypto.com, Kraken; worth $4.43B
  • Something aheadAhead: news this month about treasury
  • Room to growRoom: worth $4.43B, 4 times smaller than Zcash, the biggest coin within reach doing the same thing (Digital cash)

In the Coinbase 50 Index

  • Origin19 December 2017about about 8 yearsbch.info, GitHub, Whitepaper, Wikipedia
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
  • BackingIn the Coinbase 50 IndexListed on Coinbase, Crypto.com, Kraken, Bitstamp
  • Standing on the recordNo recordNo dated promise to judge yet21 headlines last month, 1 about government198,533 people keep it on a CoinGecko watchlistNo corrections needed so far
Why it is worth a look
  • Real-world purpose: a platform other apps build on
  • Backing: in the Coinbase 50 Index; trades on Coinbase, Crypto.com, Kraken; worth $4.43B
  • Ahead: news this month about treasury
  • Room: worth $4.43B, 4 times smaller than Zcash, the biggest coin within reach doing the same thing (Digital cash)
The gap, and what to do

It is already worth more than the typical coin in Digital cash ($2.38B). To match the leader, Zcash ($19.3B), its price would need to rise 336%, to about $960.78.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • No named investor among its tags

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#3of 7 digital cash coinsthe typical one is worth $2.38B
$4.43Bworth todayprice × coins out
$2.38Bthe typical rival is worthDigital cash
$19.3Bthe leader is worthZcash
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

A platform other apps build on

453 coins tagged Smart Contract Platform, worth $723.36B together. #12 of 453 by worth.

Digital cash: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Bitcoin Cash$4.43Bthis coin−0.8%96% outno record
  • Zcash$19.3B4.4× bigger, +$14.87B−0.1%, gap +0.881% outnone dated
  • Monero$9.7B2.2× bigger, +$5.27B+0.5%, gap +1.3no max0 of 7 delivered
  • Litecoin$4.08B1.1× smaller, −$350.1M−2.6%, gap −1.892% outno record
  • Dash$680.68M6.5× smaller, −$3.75B−2.1%, gap −1.268% out1 of 9 delivered
  • Bitcoin SV$335.17M13.2× smaller, −$4.09B−2.7%, gap −1.896% out0 of 1 delivered
  • eCash$147.64M30.0× smaller, −$4.28B−4.7%, gap −3.996% out8 of 10 delivered
Same job, different how

Digital cash: this coin next to Zcash, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Bitcoin Cash says
Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity.
Zcash says
Zcash is a digital currency built to let people send private, encrypted payments to each other.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity. Bitcoin Cash intends to be a Bitcoin without Segregated Witness (SegWit) as soft fork, where upgrades of the protocol are done mainly through hard forks and without changing the original economic rules of the Bitcoin.

Problem it says it solves: a platform other apps build on. 453 coins are working on it and together they are worth $723,359,964,122. This coin is 1% of that.

Where it trades: Coinbase, Crypto.com, Kraken, Bitstamp, Binance

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

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Why is it this small?

Digital cash: this coin next to the group's largest, Zcash.

Bitcoin CashZcash
Years trading9 years10 years
Major exchanges107
Named backers01
Headlines, last month21245
Promises deliveredno recordno record

What it says is different: Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity. Bitcoin Cash intends to be a Bitcoin without Segregated Witness (SegWit) as soft fork, where upgrades of the protocol are done…

It is 23.0% the size of Zcash. On the facts above it is behind on years trading, named backers, headlines, last month. For that gap to close, the record would need deliveries showing up in its record. Nothing here says it will; the site does not predict.

The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$220.53price of one−0.8% today
94%below its highest ever$3.79K on 19 December 2017
96%of the supply is out20.09M coins
$2.13Kpaid in fees, 30 dayswhat people paid to use it
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The last 7 days

7 days ago: $257.27now: $220.53 (−14.2%)

Where today sits against its highest ever price

$220.53

Highest ever: $3,786 on 19 December 2017. Today is 6% of that.

96%

of all BCH that will ever exist is already out in public hands: 20.09M coins.

4% (910.71K coins) is not yet created or held by the project. That is a small share. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Pays for every use of its network

Every transaction on its network pays a fee in it. That is the built-in reason anyone needs it.

  • Every transaction on its network pays a fee in it
$220.53price of one
×
20.09Mcoins out
=
$4.43Bworth today, #23 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 96%of the maximum supply is in circulation: 20.09M of 21M.
  • 910.71Kcoins still to be released, 4% of the maximum. Releases can add selling pressure.
  • 6%of its all-time high of $3,786 on 19 December 2017. That is −94.2% from the top.
  • #23by market cap, $4,429,049,427.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

Real use, in dollars
  • $7.47M is locked in apps built on it right now
  • Users paid $2.13K in fees to use it in the last 30 days

From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.

What the news says

21headlines, last monththat name this coin
1about governmentregulation, courts, central banks
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Headlines per day, last 30 days

21 headlines named this coin in the last month.

What they were about

  • Whales2
  • Price2
  • Treasury1
In the news
What people are talking about, last month:

21 headlines in the last month.

Headlines are the publishers' own. News is never placed next to price.

The record itself

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Pages savednot yetno roadmap page found
Promisesnone yetno record drafted
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy