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As of today, the China House of Exchange and mining group ViaBTC began to enable exchanges between Bitcoin cash (BCC) and Chinese Yuan (CNY), and in its first hours of launch almost reached $900, positioning itself in the 886.84 dollars. Operation that is part of the measures taken by the House of Change to the possible bifurcation of Bitcoin this August 1.

The Exchange House reported on the scope of the sale today through its Twitter account. Bitcoin cash was designated as a valid token in ViaBTC to the possible bifurcation that could occur in the event of activating a UAHF. In this context, the House of Exchange began to allow the Exchange 1 to 1 between the different options of Bitcoins that offers as means of protection of the money of its users, making equivalents 1 BTC, 1 BCC and 1 BTC_Frozen2; The latter representing frozen bitcoins that may not be exchanged.

Thus, the BCC is being negotiated by CNY, and so far it is marketed at an average price of 2,200 yuan. The Bitcoin cash price, on its first day of sale, reached almost 6,000 CNY, giving it a market capitalization of $14 billion for a short period. Then, the price went down to about 3,477 CNY, approximately $500, aiming at a maximum market of more than $8 billion.

It should be explained that the emergence of BCC is mostly due, as stated above, to the hard bifurcation that may occur later this month as part of the measures to increase the scalability of Bitcoin.

Previously, the ViaBTC Exchange House had announced supporting SEGWIT2X, and that in this line they made the decision to implement and offer the so-called Bitcoin cash, as a contingency measure to a user activated hard fork, also known as UAHF.

In addition, just for this July 22, ViaBTC-being also a mining group-announced the launch of the mining group "BCC Mining Pool", as well as a new mining contract in the cloud for Bitcoin cash S9, which are already operational.

At the same time, the volume transactions of 1,600 bitcoins (about 4,500,000 dollars) also gives the basis that the criptoactivo can have a good chance of becoming a real alternative, or "even become the dominant currency", in the event of a bifurcation. We only have to wait for what happens after the first of August; We can then follow the recommendations to survive the hardfork.

SOURCE:https://criptonoticias.com/mercados/viabtc-habilita-intercambios-criptoactivo-bitcoin-cash-pocas-horas-alcanza-886/#axzz4nbBpi1IT