Bitcoin Cash (BCH) is a comparatively new peer-to-peer currency that was created in 2017 by splitting off from the Bitcoin network. At the time, the popularity of Bitcoin grew so rapidly that the Bitcoin blockchain could not scale proportionally with the growth in the number of transactions. As a result, this led to noticeable delays in transaction processing as well as significantly higher transaction fees. Bitcoin Cash was supposed to solve this problem by adjusting the size of the blocks. These were a maximum of 1 MB for Bitcoin and were increased to a size between 8 and 32 MB. Bitcoin Cash thus fulfilled the demand that the community had for an alternative payment system.
In many ways, however, Bitcoin and Bitcoin Cash are very similar. Both Cryptocurrencies use a peer-to-peer network, so it is also a decentralized payment system that cannot be regulated by banks. The advantages of Bitcoin Cash include the fact that the fees are extremely low. Moreover, like most other cryptocurrencies, Bitcoin Cash ensures anonymous payment processing. Another advantage is that Bitcoin Cash tends to be considered relatively stable compared to other cryptocurrencies. Popularly, Bitcoin Cash is considered as a little "Bitcoin brother", with Bitcoin Cash being technically more advanced than the best-known cryptocurrency Bitcoin. To buy Bitcoin Cash, the user needs a wallet, as with other cryptocurrencies.
At its inception in 2017, the price of one BCH was around 350 euros. Already at Christmas 2017, an all-time high of just under 2,750 euros was reached. However, the BCH price quickly collapsed again, so that by the end of March 2018, for example, it was already only around 550 euros again. Since then, the price of one Bitcoin Cash has been relatively stable, reaching a high of just under 1,000 euros again in May 2021. Most recently, the price of one BCH was around 500 euros in December 2021.
The acceptance of cryptocurrencies in online casinos is still limited to this day. However, there are at least a small number of German-speaking online casinos that also allow payments via Bitcoin Cash.