Bitcoin Cash is here, born yesterday (fork day), the new currency is born from a bifurcation of the bitcoin blockchain, amid high expectations and after the completion of the SegWit stage, several miners started with the first processed block The day yesterday at 2 and 22pm.
This new currency was a measure of contingency pointed out by Bitmain the girl mining giant, indicated that if SegWit was not activated this would be its endorsement.
Although many miners still choose to sign SegWit's BIP, many exchange houses granted the BTC change to Bitcoin Cash by 1 to 1, an option that was highly criticized by many users.
The main features of this coin are.
- A block size increased up to 8MB, where many more transactions can be registered in it.
- Protection against repetition and disappearance attacks (Wipeout).
- New way of signing transactions, with which they improve the security of the equipment of portfolios and eliminate the problem of "hashing quadratic".
This currency has already generated a great trend in the world of social networks to be classified as an altcoin, others like the new "Bitcoin", in one way or another, has seen a great interest in the new currency that reaches the post Number 3 of the Coinmarket displacing the ripple and being behind Ethereum, having a valuation of $ 628 with an exchange of more than 155 million dollars, for its part Bitcoin remains in the first position and its value per day is 2698 $ , Was not affected by the events of the previous day.
Bitcoin Cash continues with a bullish trend and a not-so-bright future, as many miners still choose bitcoin as their preferred currency awaiting the much-desired SegWit.
Interesting article to stumble upon. It looks like BCH lost against Bitcoin in the price war, but the idea is still noble.
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