The digital coin caused a mixed reaction in the cryptocurrency community. However, its popularity grew rapidly. The main reason is that Bitcoin Cash acts as a continuer of the original Bitcoin case. The issue of a new coin is also limited to 21 million tokens that can be mined. At the same time, BTC holders received an equal amount of new cryptocurrency.
Many experts believe that over time, the exchange rate of Bitcoin Cash will equal the price of its ancestor. Currently, the cryptocurrency is the second largest in market capitalization. It is about 22 billion USD.
After the original Bitcoin began to gain popularity, there was an impression that even its founder did not fully understand what a large-scale project he had implemented. The amount of data in a single block is 2 MB. With the increase in the number of transactions, this became not enough. Bitcoin Cash developers have fixed this flaw. The block size of the new cryptocurrency has been expanded to 8 MB. This led to faster transactions and easier mining.
Bitcoin Cash platform is better protected from theft of coins and interference into transactions. Here, the problem of a repeated transaction and its deletion is eliminated. Improvements made to the system also affected the wallet itself.
TOver time, mining begins to get complicated. Creation of new blocks begins to take more and more resources and power. The original Bitcoin provides for the adaptation of the coin mining after the generation of each 2016th block. The creators of Bitcoin Cash made changes to this system, making it more adaptable.
Weaknesses were also revealed in the new cryptocurrency. The main one is the high cost of transactions. For most altcoins, it is significantly lower. However, Bitcoin Cash did not become less promising. It can be said without exaggeration that this cryptocurrency is one of the most promising on the market. It is also of particular interest to currency exchange traders.
|Bitcoin||Bitcoin / US dolar||100||45888.1|
|Bitcoin Cash||Bitcoin Cash / US dolar||35||671.58|
|Monero||Monero / US dolar||5||265.02|
|Litecoin||Litecoin / US dolar||6||176.4|
|Zcash||Zcash / US dolar||7||148.62|
|Ripple||Ripple / US dolar||0.06||1.16997|
|Ethereum||Ethereum / US dolar||1.1||3143.96|
|IOTA||IOTA / US dolar||0.06||1.0855|
|NEO||NEO / US dolar||5||54.61|
|Ethereum Classic||Ethereum Classic / US dolar||1.1||68.128|
|EOS||EOS / US dolar||0.14||5.4772|
|Basic Attention Token||Basic Attention Token / US dolar||0.04||0.76447|
|Altcoin Index||Altcoin Index / US dolar||32||6330.7|
|OMISEGO||OMISEGO / US dolar||0.6||5.467|
|DASH||DASH / US dolar||11||199.67|