Bitcoin Cash is doing well. But how long will it last?

One of the biggest changes in the history of bitcoin occurred on August 1, 2017, when bitcoin cash split off.

Bitcoin Cash is the culmination of long-term conflicts about further development of bitcoin. In its current form, it hits certain capacities, the confirmation of transactions takes longer and longer, while fees also increase.

In recent history, there have been relatively few suggestions on how to deal with the situation, but neither has received the necessary support to implement it. Neither the proposal to increase the blocks to 8MB has been supported, but it has been implemented in the form of bitcoin cash.

Bitcoin Cash is a new cryptome that has been created by splitting from bitcoin, and its main feature is just 8MB of write blocks. History has both coins in common, but since the emergence of bitcoin cash, each currency has its own.

Somewhat controversial is the fact that anyone who owned bitcoins before August 1 is entitled to the equivalent number of bitcoins cash. The new currency started to grow strongly on the stock exchanges, some stock exchanges even had a value of over a thousand dollars to correct the current $ 440.

The sum of the bitcoin and bitcoin cash values ​​then exceeds $ 3,000, a value that bitcoin itself has never achieved. Some analysts, therefore, warn against the bubble because they believe that the main support is still bitter, and that its holders will be relatively quick to get rid of bitcoin cash, which would put its price down. Most large exchanges do not support it.