
Disclaimer : We only give good knowledge regarding various Crypto Currencies, we do not give direct suggestions to buy or sell any Crypto Currencies so invest at your own risk. However you should read this blog for getting better KNOWLEDGE of Crypto Currencies for sure.
1) Bitcoin Cash :
Bitcoin Cash (BCH) was created as a hard fork of Bitcoin (BTC) on August 1, 2017. It was developed to address Bitcoin’s scalability issues by increasing the block size from 1 MB to 8 MB (later expanded to 32 MB).
Who Invented Bitcoin Cash?
Bitcoin Cash was not created by a single person but by a group of developers and Bitcoin community members who disagreed with Bitcoin’s approach to scaling. Some key people involved were:
- Roger Ver – A strong advocate for Bitcoin Cash and early Bitcoin investor.
- Amaury Séchet – A lead developer from Bitcoin ABC, one of the key teams behind BCH.
- Jihan Wu – Co-founder of Bitmain, a major supporter of BCH.
Why Was Bitcoin Cash Created?
Bitcoin Cash was created to allow faster and cheaper transactions by increasing the block size, while Bitcoin remained limited to 1 MB blocks, relying on the Lightning Network for scaling.
Differences Between Bitcoin and Bitcoin Cash
Feature | Bitcoin (BTC) | Bitcoin Cash (BCH) |
---|---|---|
Block Size | 1 MB | 32 MB |
Transactions Per Second | ~7 | ~100+ |
Average Fee | Higher | Lower |
Scaling Solution | Lightning Network | On-chain scaling |
Bitcoin Cash Forks
Bitcoin Cash itself split into two chains:
- Bitcoin Cash (BCH) – The main chain that retained the Bitcoin Cash name.
- Bitcoin SV (BSV) – Created in 2018 by Craig Wright and Calvin Ayre, advocating for even bigger block sizes.
Bitcoin Cash is still actively used, and its community supports fast, low-cost transactions as an alternative to Bitcoin.
Companies Supporting Bitcoin Cash :
Bitcoin Cash (BCH) is supported by various companies across different industries, including payment processors, crypto exchanges, and merchants. Here are some key companies and platforms backing BCH:
1. Payment Processors & Crypto Services
- BitPay – One of the largest crypto payment processors, allowing businesses to accept BCH.
- CoinGate – Enables merchants to accept BCH payments.
- CoinPayments – Supports BCH transactions for online businesses.
- NOWPayments – A crypto payment gateway that includes BCH.
2. Crypto Exchanges
- Binance – Offers BCH trading pairs and supports deposits/withdrawals.
- Coinbase – Provides BCH buying, selling, and storage.
- Kraken – Lists BCH for trading.
- KuCoin – Supports BCH transactions.
- Huobi – Allows BCH trading.
- OKX – Offers BCH market pairs.
3. Merchants & Online Retailers
- Newegg – Accepts BCH for electronics and gaming products.
- Travala – A travel booking platform that allows BCH payments.
- CheapAir – Accepts BCH for flight and hotel bookings.
- Purse.io – Lets users buy Amazon products with BCH.
- Namecheap – Domain registration and web hosting service that accepts BCH.
4. Blockchain & Tech Companies
- Bitcoin.com – A major supporter of BCH, promoting adoption and offering a wallet.
- Verge (XVG) – Some partnerships exist between BCH and privacy-focused crypto projects.
5. ATM & Peer-to-Peer Platforms
- Bitcoin ATMs – Many crypto ATMs worldwide support BCH.
- LocalBitcoins (before shutdown) – Allowed peer-to-peer BCH trading.
BCH is widely used for low-cost, fast transactions, making it popular for payments and remittances. Many companies continue to support it despite competition from Bitcoin (BTC) and Lightning Network solutions.
New Developments with Bitcoin Cash which makes it a stronger Investment :
Bitcoin Cash (BCH) continues to evolve with a variety of innovative projects and developments enhancing its ecosystem. Here’s an overview of some notable recent initiatives:
1. CashTokens and Enhanced Smart Contract Capabilities
In May 2023, Bitcoin Cash underwent a significant upgrade introducing CashTokens, which expanded the network’s smart contract functionalities. This enhancement enables developers to create sophisticated decentralized applications (dApps) directly on the BCH blockchain. Projects leveraging CashTokens include:
- Moria Protocol: Launched MUSD, the first stablecoin built on BCH’s CashTokens, providing a stable, asset-backed token for users. news.bitcoin.com
- Emerald DAO: A decentralized autonomous organization template acting as a fixed-term deposit savings vault, showcasing the advanced capabilities enabled by CashTokens. awesomebitcoin.cash
2. Upcoming Protocol Upgrades
The BCH community is preparing for protocol upgrades aimed at further enhancing smart contract capabilities:
- VM Limits and BigInts: These proposed upgrades, scheduled for potential activation in May 2025, aim to streamline and expand BCH’s smart contract functionalities, allowing for more complex and efficient dApp development. cryptopolitan.com
3. SmartBCH Sidechain
SmartBCH is a sidechain designed to explore new ideas and unlock novel possibilities for Bitcoin Cash. It focuses on developing optimized, high-throughput, and hardware-friendly libraries compatible with standard smart contracts, facilitating the migration of decentralized finance (DeFi) applications into the BCH ecosystem.
4. Diverse Ecosystem of Projects
The BCH ecosystem hosts a wide array of projects across various sectors:
- Social Platforms: Projects like read.cash and memo.cash offer content creators platforms to share articles and short messages, with integrated BCH tipping mechanisms to reward contributions. awesomebitcoin.cash
- Crowdfunding: Flipstarter provides a non-custodial crowdfunding platform utilizing BCH smart contracts, enabling projects to raise funds directly from the community without intermediaries. awesomebitcoin.cash
- Gaming and Entertainment: Platforms such as bch.games offer provably fair gaming experiences, allowing users to engage in games like dice and numbers with BCH. awesomebitcoin.cash
These initiatives reflect the ongoing commitment within the Bitcoin Cash community to foster innovation and expand the utility of BCH as a versatile and scalable cryptocurrency.
2) Bitget Token :
The Bitget Token (BGB) is the native utility token of the Bitget cryptocurrency exchange. It was launched on July 26, 2021, and is built on the Ethereum network as an ERC-20 token. BGB serves multiple functions within the Bitget ecosystem, including providing trading fee discounts, access to exclusive promotions, and participation in platform-specific events.
The total supply of BGB is capped at 2 billion tokens, with approximately 1.4 billion tokens in circulation as of December 2024. The token distribution is allocated as follows:
- Token Swap: 25% was allocated for exchanging Bitget’s previous token.
- Team Incentives: 20% is designated to support development and long-term goals.
- Branding & Partnerships: 15% is reserved for driving user acquisition globally.
- Ecosystem Development: 15% is dedicated to expanding and integrating utilities.
- Referral Program: 15% rewards users for referring others to the platform.
- Investor Protection Fund: 10% provides market stability.
Holding BGB offers several advantages, such as early access to new projects through Bitget’s Launchpad and Launchpool, transaction fee discounts (e.g., a 20% discount on spot trading fees when paid with BGB), and eligibility for various platform rewards and promotions.
The value of BGB has seen significant growth since its issuance at $0.0585. As of December 17, 2024, BGB was valued at approximately $3.6, ranking as the 31st-largest cryptocurrency by market capitalization, with a valuation of $5.02 billion.
In summary, BGB is a multifaceted utility token integral to the Bitget exchange, offering users a range of benefits that enhance their trading experience and engagement within the platform.
What Makes Bitget Strong ?
The development and expansion of the Bitget Token (BGB) are supported through various strategic partnerships and initiatives within the Bitget ecosystem. Notable collaborations include:
- LaLiga Partnership: In September 2024, Bitget announced a collaboration with LaLiga, aiming to integrate blockchain technology with LaLiga’s ventures into artificial intelligence, virtual reality, and the metaverse. This partnership focuses on connecting with football fans in emerging markets. bitget.com
- BWB Ecosystem Partner Program: Launched in March 2024, this program saw Bitget Wallet partnering with over 40 prominent blockchain projects, including Avalanche, Taiko, Babylon, and Near. The initiative aims to incentivize active participation and support projects within the decentralized Web3 ecosystem. bitget.com
These collaborations and programs are integral to enhancing the utility and adoption of BGB within the broader blockchain and cryptocurrency landscape.
Bitget Token New Developments :
Bitget has recently introduced several initiatives to enhance the discovery and support of new cryptocurrency projects within its ecosystem:
- Bitget Seed: Launched in January 2025, Bitget Seed is an AI-powered platform designed to identify and list early-stage Web3 crypto projects with significant growth potential. The platform employs advanced AI algorithms to analyze extensive on-chain data, evaluating metrics such as trading activity, contract security, token distribution, liquidity, and future potential. This approach aims to provide users with a curated list of promising tokens, facilitating efficient discovery of emerging crypto assets. albawaba.com
- LaunchX: Introduced in December 2024, LaunchX is a token launch platform that connects transformative blockchain projects with the global Web3 community. It offers robust security and fair distribution practices, supporting projects by providing access to Bitget’s extensive user base and expert guidance through token listings and post-launch growth. The inaugural project to debut on LaunchX is Fuel Network (FUEL), an advanced blockchain solution focusing on scalability, modularity, and efficiency in decentralized systems. bitget.com
- Enhanced Token Listing Procedures: In November 2024, Bitget opened a new listing application portal with enhanced due diligence and a rigorous review process for token listings. This upgrade aims to increase transparency in the asset onboarding process, ensuring that crypto project teams have a clear understanding of the procedures involved. Notably, Bitget emphasizes that it does not charge any additional fees related to the listing process, such as brokerage, application, or assessment fees. bitget.com
These initiatives reflect Bitget’s commitment to fostering innovation and providing its users with access to high-potential cryptocurrency projects.
Final Thoughts :
Bitget Token (BGB) and Bitcoin Cash (BCH) serve different purposes in the cryptocurrency space.
- Bitget Token (BGB) is a utility token for the Bitget exchange, used for trading fee discounts, launchpad access, and staking benefits. It operates as an ERC-20 token on Ethereum and is tied to the growth of the Bitget platform.
- Bitcoin Cash (BCH) is a peer-to-peer digital currency that emerged from a Bitcoin hard fork in 2017, designed for fast and low-cost transactions. It aims to serve as an efficient payment method, with a larger block size for improved scalability.
Key Differences:
- Purpose: BGB is for exchange-related utilities, while BCH is for decentralized payments.
- Blockchain: BGB is on Ethereum, while BCH has its own blockchain.
- Adoption: BCH is widely accepted for payments, whereas BGB is mainly used within Bitget.
If you’re looking for exchange benefits and platform-based rewards, BGB is a good choice. If you want a fast and low-cost cryptocurrency for transactions, BCH is a better fit. Both have unique use cases and can complement a diversified crypto portfolio.
Crypto Comparison Table :
Here’s a comparison table of Bitcoin Cash (BCH), Bitget Token (BGB), Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Polkadot (DOT):
Feature | Bitcoin Cash (BCH) | Bitget Token (BGB) | Bitcoin (BTC) | Ethereum (ETH) | Solana (SOL) | Polkadot (DOT) |
---|---|---|---|---|---|---|
Purpose | Digital payments | Exchange utility | Digital gold & payments | Smart contracts & dApps | High-speed smart contracts & dApps | Cross-chain interoperability |
Blockchain | Bitcoin Cash Chain | Ethereum (ERC-20) | Bitcoin Blockchain | Ethereum Blockchain | Solana Blockchain | Polkadot Relay Chain |
Consensus | Proof of Work (PoW) | Proof of Stake (PoS) | Proof of Work (PoW) | Proof of Stake (PoS) | Proof of History + PoS | Nominated Proof of Stake (NPoS) |
Transaction Speed | ~116 TPS | Varies (Ethereum-based) | ~7 TPS | ~30 TPS | ~65,000 TPS | ~1,000 TPS |
Transaction Cost | Low | Low | High | High | Very low | Low |
Smart Contracts | No | No | No | Yes | Yes | Yes |
Scalability | Medium | Limited (Ethereum-based) | Low | Medium (Layer 2 scaling) | High | High |
Primary Use Case | Fast, cheap transactions | Exchange benefits & trading rewards | Store of value & payments | dApps, DeFi, NFTs | High-speed dApps & DeFi | Cross-chain network |
Market Position | Alternative to Bitcoin | Exchange token | Top cryptocurrency | Leading smart contract platform | Fastest blockchain | Multi-chain interoperability |
Circulating Supply | 19.6M BCH | 1.4B BGB | 19.6M BTC | 120M ETH (approx) | 435M SOL | 1.3B DOT |
Total Supply | 21M BCH | 2B BGB | 21M BTC | No fixed limit | No fixed limit | No fixed limit |
Adoption | Accepted as payment | Used within Bitget Exchange | Widely adopted as a store of value | Most popular for dApps & DeFi | Growing ecosystem | Used for interoperability solutions |
Institutional Support | Moderate | Exchange-backed | Strong | Strong | Increasing | Strong (Web3-focused) |
Key Takeaways:
- Bitcoin (BTC): Best for long-term store of value.
- Bitcoin Cash (BCH): Designed for fast and cheap transactions.
- Bitget Token (BGB): Utility token for Bitget exchange users.
- Ethereum (ETH): Leading blockchain for smart contracts and dApps.
- Solana (SOL): Fast and scalable blockchain for DeFi and NFTs.
- Polkadot (DOT): Connects multiple blockchains for interoperability.
Each has a unique role in the crypto ecosystem, and choosing between them depends on investment goals and use cases.
Rating out of 5 for Bitcoin Cash & Bitget Token :
Here’s a 5-star rating comparison for Bitcoin Cash (BCH) and Bitget Token (BGB) based on different factors:
Category | Bitcoin Cash (BCH) ⭐ | Bitget Token (BGB) ⭐ |
---|---|---|
Use Case & Utility | ⭐⭐⭐⭐ (Strong for payments, but limited beyond that) | ⭐⭐⭐ (Good for Bitget users, but limited outside the exchange) |
Scalability | ⭐⭐⭐ (Better than BTC but not as scalable as newer chains) | ⭐⭐⭐⭐ (Ethereum-based, but limited by Ethereum’s scalability) |
Transaction Speed & Fees | ⭐⭐⭐⭐ (Faster & cheaper than Bitcoin) | ⭐⭐⭐⭐ (Depends on Ethereum network conditions) |
Adoption & Ecosystem | ⭐⭐⭐ (Accepted by some merchants, but not widely adopted) | ⭐⭐⭐ (Mostly limited to Bitget exchange benefits) |
Investment Potential | ⭐⭐⭐ (Competing with newer payment-focused cryptos) | ⭐⭐⭐⭐ (Growing exchange and ecosystem support) |
Final Ratings:
- Bitcoin Cash (BCH) ⭐⭐⭐ (3.6/5) → Good for transactions but struggles with mainstream adoption.
- Bitget Token (BGB) ⭐⭐⭐⭐ (3.8/5) → Strong within the Bitget ecosystem but limited outside of it.
Both have their strengths, but BCH is better for payments, while BGB is more useful for Bitget traders.
Happy Crypto &
Happy Investing