Bitcoin Cash is the hard fork of the original cryptocurrency, Bitcoin. It has bigger block sizes of up to 8 MB compared to Bitcoin’s 1MB, which allow faster transactions, low fees and more transactions per block.
The thing with Bitcoin cash is that is very hard to sell at the moment. Liquidity is extremely low which might be the reason why some people think that the price is being inflated artificially. So the only bitcoin cash which is ready to trade is the one that was credited by exchanges after the fork. Basically, this means that there is a lot of bitcoin cash waiting to be sold. Exchanges aren’t accepting deposits of bitcoin cash at the moment because it is not possible sending bitcoin cash over the blockchain at this moment. Why?- Well because the new blockchain hasn’t really adjusted yet, which means it takes a long time to mine blocks and confirms transactions.
The market didn’t fear of the Bitcoin cash split and it even grew in price, but it may be possible that if splits like these continue to happen, investors will lose confidence in Bitcoin itself because it may seem as an unstable option
Bitcoin was introduced to the crypto world in 2009 as the new digital money. More people became attracted to it and started to invest and use Bitcoin. This led to slowing down the network and making it more expensive which means a lot of costs started to occur with the simple using of Bitcoin. Bitcoin is a cryptocurrency that exists in a network of computers in the blockchain itself. This is called the revolutionary ledger technology. The problem with it is that it is very, very slow. Bitcoin can process only 7 transactions per second. Other transactions take more than 10 minutes to process. And as much as the network grows bigger, the waiting time also gets longer, because the technology itself does not change to the newly occurred situation.
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