criptomoeda devalued 68% in 2018
Bitcoin Cash (BCH) began its journey on August 1, 2017 and today marks one year after the successful hard fork in the BTC blockchain.
Bitcoin Cash was created to solve the problems associated with Bitcoin Core and mainly related to the decisions about the direction the team was directing the BTC in relation to scalability. Its developers continually insist that BCH is the pure version of the coin, according to the Whitepaper written by Satoshi Nakamoto.
Speaking on the first anniversary of Bitcoin Cash, Alejandro de la Torre, vice president of operations for BTC.com, said, according to CCN, that the problem of scalability in transactions was solved by Bitcoin Cash when it increased the block size limit .
"The larger block size gives each block more space to include transactions, which reduces waiting times and costs per transaction, making the blockchain fluid and more accessible."
Torre also said that Bitcoin Cash can handle large volume transactions at low cost and high speed. Currently, Bitcoin Cash's block size has been increased to 32MB.
He also cited Venezuela's example, saying that the country's inflation estimate is currently above 40,000%. In these countries, Bitcoin Cash can be used as an alternative payment method in place of fiduciary currency.
When the BCH was "released", bitcoin fees (BTC) were starting to get high and reached peaks of R $ 100 at the end of 2017, which advocated on behalf of users of the BCH, said to be necessary to increase the block to scale transactions and lower rates. It is currently possible to conduct a BTC transaction for less than R $ 0.10.
BCH had a drop higher than the BTC in 2018
While Bitcoin (BTC) opened the year quoted at $ 13,700 and is currently trading at $ 7,600, with a -45% decline in 2018, Bitcoin Cash (BCH) depreciated 68% after opening the year quoted in US $ 2,415 and being traded at $ 768
Currently BCH is the fourth largest crypto-currency, with $ 13 billion worth of market, behind only Bitcoin, Ethereum and Ripple
Bitcoin Cash (BCH) began its journey on August 1, 2017 and today marks one year after the successful hard fork in the BTC blockchain.
Bitcoin Cash was created to solve the problems associated with Bitcoin Core and mainly related to the decisions about the direction the team was directing the BTC in relation to scalability. Its developers continually insist that BCH is the pure version of the coin, according to the Whitepaper written by Satoshi Nakamoto.
Speaking on the first anniversary of Bitcoin Cash, Alejandro de la Torre, vice president of operations for BTC.com, said, according to CCN, that the problem of scalability in transactions was solved by Bitcoin Cash when it increased the block size limit .
"The larger block size gives each block more space to include transactions, which reduces waiting times and costs per transaction, making the blockchain fluid and more accessible."
Torre also said that Bitcoin Cash can handle large volume transactions at low cost and high speed. Currently, Bitcoin Cash's block size has been increased to 32MB.
He also cited Venezuela's example, saying that the country's inflation estimate is currently above 40,000%. In these countries, Bitcoin Cash can be used as an alternative payment method in place of fiduciary currency.
When the BCH was "released", bitcoin fees (BTC) were starting to get high and reached peaks of R $ 100 at the end of 2017, which advocated on behalf of users of the BCH, said to be necessary to increase the block to scale transactions and lower rates. It is currently possible to conduct a BTC transaction for less than R $ 0.10.
BCH had a drop higher than the BTC in 2018
While Bitcoin (BTC) opened the year quoted at $ 13,700 and is currently trading at $ 7,600, with a -45% decline in 2018, Bitcoin Cash (BCH) depreciated 68% after opening the year quoted in US $ 2,415 and being traded at $ 768
Currently BCH is the fourth largest crypto-currency, with $ 13 billion worth of market, behind only Bitcoin, Ethereum and Ripple