About Bitcoin Cash
What is Bitcoin Cash (BCH)?
Bitcoin Cash is a cryptocurrency that separated from Bitcoin on August 1, 2017, following disagreement over how to scale transactions. It shares Bitcoin's earlier transaction history, then continues on its own blockchain under BCH rules. BCH is the native currency used for transfers and network fees. Its developers emphasize peer-to-peer electronic payments and processing transactions directly on the blockchain. BTC and BCH have separate balances, subsequent mining histories and market prices.
How does Bitcoin Cash process payments?
A BCH transaction spends previously received outputs and creates new ones. The sender's wallet supplies signatures satisfying the spending conditions. Miners perform SHA-256 proof of work to propose blocks, while nodes check the transactions and block rules independently. Bitcoin Cash targets a block about every ten minutes. A payment first appears as an unconfirmed transaction, then gains confirmations as its block and subsequent blocks are accepted. The actual interval between blocks varies.
Are Bitcoin Cash transactions private?
The BCH ledger is public. Observers can inspect transaction amounts, spending relationships and the scripts controlling outputs. Addresses usually appear as strings rather than personal names, but a published address, repeated use or records held by a service can identify the person behind a payment. Wallets may generate a new address for each receipt and send change to another address. Those practices reduce direct address reuse while leaving the transaction history visible.
How is BCH supply managed?
Bitcoin Cash retains Bitcoin's original issuance schedule: a starting subsidy of 50 coins per block, halved every 210,000 blocks. The scheduled total approaches slightly less than 21 million BCH because amounts are calculated in indivisible units. Miners can also collect transaction fees paid from existing coins. The shared history includes coins created before the split, while each chain creates its own later subsidies. A BCH balance belongs to the Bitcoin Cash network.
What should I check before transferring BCH?
Use Bitcoin Cash mainnet and the address displayed on your current NonLogs BCH deposit page. BCH wallets commonly use CashAddr, whose mainnet prefix is bitcoincash:. Some software also supports older address encodings that resemble Bitcoin addresses. The prefix and a wallet's network selection help identify the intended chain, but both sender and recipient must support BCH. CashAddr includes a checksum to detect typing errors. Copy the full address and verify the destination before broadcasting.
Where can I trade BCH on NonLogs?
The BCH markets listed below link to their trading pages. Each pair prices its first asset in the second currency. For example, BCH/BTC prices BCH in BTC, while BCH/USDT uses USDT. The chart on each trading page records trades completed on NonLogs. Open the selected market to inspect current bids, offers and order sizes. The last trade's time helps show whether the displayed price reflects recent activity, especially in a pair with infrequent trades.