The cancellation of SegWit2X has paved the way for a bear market of bitcoins, and those numbers are being seen, although it is not something definitive. The rise of Bitcoin beyond the $ 7,000 mark has had an equally pronounced immersion in recent days. Not only that, but a massive increase in the value of Bitcoin Cash (BCH) led the currency to position number two as of November 10, 2017. Ethereum, meanwhile, has only shown minor changes in the price, similar to other altcoins as litecoin and monero.
In the cryptographic environment it is stated that the increase in BCH comes mainly from the recent cancellation of the SegWit2X update for BTC. Many investors have sold large portions of BTC and have contributed to the amazing fall of the currency. The aforementioned update would have accelerated the transaction speeds of the currency, but as it was not possible to reach a consensus in the community, the project was abandoned and the problems in the speed of transaction processing are still in sight.
Read more at: http://www.crypto-economy.net/growth-bitcoin-cash-cancellation-segwit2x/?lang=en
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