Bitcoin Cash rises by 200%

Periskopi

2 August 2017, 16:59(9 years ago)

All those who had bitumen before the breakup will have the same number “bito cash” in their wallets. A new digital currency called “bitcoin cash” (BCC), which was created from the division of the bitcoin blockchain, is growing rapidly despite the community's lack of broad support. [...]

All those who had bitumen before the breakup will have the same number “bito cash” in their wallets.

A new digital currency called “bitcoin cash” (BCC), which was created by the division of the bitcoin blockchain, is growing rapidly despite the community's lack of broad support.

The new virtual currency was created on Marten (http://bit.ly/2vt47go) when a fraction of the Bitcoin community forced the blockchain into two new chains.

All those who had bitumen before the divide will have the same number “bitcoin cash” in their wallets.

A few hours after the division of Blockcha, the value of the currency dropped by $146, according to Coin MarketCap. But the value of the tar can has increased rapidly, and at this point, we are selling 691 dollars.

Despite rapid growth, only $1/5 of the bitumen is still worth $2,763. The division of the Blockchain came as a result of community disputes. Before sharing only 1 megabrate transactions could be processed in one second, creating delays.

One solution was the implementation of SegWit2X, which would increase the capacity of the network and double the amount of transactions that can be processed to 2 megabytes.

A faction of the community was unhappy with the new solution by seeking the division of the Blockchain and creating “bitoin cash.” The new chain has an 8 megabaj transaction limit.

After the division of the Blockchain, it took six hours to process the first bitcoin-chain block. So far only 12 blocks have been produced. That means only a small number of mine are contributing to the new currency.