Bitcoin Cash Will Close Out 2017 With Significant Infrastructure Support

The end of the year is approaching, and the Bitcoin Cash (BCH) network and community have continued to see significant growth. From merchant acceptance, cryptocurrency businesses integrating support, and many other additions to the BCH economy, shows that bitcoin cash will have some robust infrastructure for 2018.

This week the price of bitcoin cash has jumped quite a bit after meandering around the $1,300 region just a few weeks ago. Last night the price topped out at $2,000 per BCH, and at the moment the currency is hovering around $1,870 per token. BCH still commands the fourth largest market capitalization this month as the market cap has surpassed $31Bn. Trade volume has been high all week, and today the decentralized currency has traded over $2.4Bn worth of BCH. The top currency traded with BCH is bitcoin core (BTC), followed by the USD. The Korean won only captures 20 percent of the volume by currency, after it dominated BCH markets for quite some time.

                             Closing Out 2017 With 30,000 Blocks

So far the BCH chain is close to approaching 30,000 blocks mined since the hard fork on August 1, 2017. The bitcoin cash chain is operating at roughly 9 percent of the legacy chain’s difficulty, and it’s 16 percent more profitable to mine legacy bitcoin. Mining profitability has been very consistent since the hard fork last month when bitcoin cash changed the mechanics of its difficulty adjustment algorithm. The mining pools participating in processing BCH network transactions right now include Antpool, BTCC, BTC.com, Bitcoin.com, Viabtc, BTC.top, and roughly four unknown mining organizations.

So far bitcoin cash supporters seem very pleased with the surrounding infrastructure and the past week’s market performance. In addition to all of these announcements, the BCH community was surprised by a mixer platform that provides stronger privacy for the currency’s transactions. Also, the well-known darknet market, Dream, has returned after a brief hiatus, and announced that bitcoin cash is now accepted for market purchases.

What do you think about the progress bitcoin cash has made this year? Let us know what you think in the comments below.