Why Bitcoin Cash is too early to discard

in cryptocurrency •  6 years ago 


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After the launch and distribution of the SegWit protocol on the Bitcoin network, analysts predicted a bleak future for Bitcoin Cash, since the fork could not compete with bitcoin in terms of transaction speed. In late March, the volume of SegWit transactions even exceeded the aggregate number of Bitcoin Cash transactions since August of last year. But Bitcoin Cash has in reserve a couple more trumps.

First of all, it's a question of the hard-forks, planned for May 15. After it, the maximum block size in the Bitcoin Cash blockchain will be increase to 32 MB. This will significantly increase network penetration and transaction speed. Miners are already preparing for hard-fork: for example, the mining pool Antpool (a division of Bitmain) began to burn 12% of the transaction commissions received by it in the process of extracting l Bitcoin Cash. So it wants to support the Bitcoin Cash ecosystem and spur rate growth.

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