BCH/EUR: Convert Bitcoin Cash (BCH) to Euro (EUR)

Bitcoin Cash (BCH) is a decentralized cryptocurrency that operates on a peer-to-peer network. It aims to provide a global electronic cash system characterized by swift transactions, minimal fees, privacy, and a larger block size. Bitcoin Cash is a product of a hard fork from Bitcoin (BTC) in 2017, which resulted from a community disagreement over Bitcoin scaling and the SegWit upgrade. This split led to the creation of two blockchains: Bitcoin and Bitcoin Cash. Bitcoin Cash strives to scale to meet the demands of a global payment system, with a block size of 32MB as of 2023, compared to Bitcoin's 1MB block size.

Bitcoin Cash operates with a larger block size, which allows for faster transaction processing and lower fees. It supports smart contracts and ecosystem apps, and like Bitcoin, it has a limited total supply of 21 million coins. Bitcoin Cash transactions are typically fast, with fees usually less than a tenth of a cent. The cryptocurrency is secured by a Proof-of-Work (PoW) consensus mechanism, where miners solve complex puzzles to validate transactions and create new blocks. This process, known as mining, is highly competitive and contributes to the security of the blockchain by increasing and distributing the hash rate.

Bitcoin Cash has a variety of potential use cases. It can facilitate peer-to-peer payments between individuals and can also be used to pay participating merchants for goods and services, both in-store and online. Its low fees enable new micro-transaction economies, such as tipping content creators or rewarding app users with small amounts. Bitcoin Cash can also reduce expenses and settlement times for remittances and cross-border trade. Other potential use cases include tokens, simplified smart contracts, and private payments with tools such as CashShuffle and CashFusion.

Bitcoin Cash was created in 2017 as an alternative to Bitcoin, following a disagreement within the Bitcoin community over scaling and the SegWit upgrade. The hard fork that led to the creation of Bitcoin Cash was proposed by mining hardware manufacturer Bitmain, with the aim of increasing the block size limit to allow more transactions per block. This proposal received support from some members of the Bitcoin community, including Roger Ver. Since its inception, Bitcoin Cash has faced its own challenges and milestones, including another hard fork in November 2018, which resulted in the creation of Bitcoin SV (BSV), a separate cryptocurrency.