bitcoins block size. Instead, users can trade IOUs for the two potential new tokens coming to market after the fork. Currently, tallies are swaying in favor of Bitcoin ABC, but only time will tell. The combination of slow transaction times (at one MB, bitcoins blockchain could only handle about seven transactions per second) and the increasing fees led to a scaling bottleneck. Bitcoin cash was created as a hard fork from the original bitcoin blockchai. Numerous exchanges offer pre-fork trading of bchsv and bchabc.
Bitcoin Cash - Wikipedia
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Bitcoin Cash is already a hard fork of Bitcoin and has since grown to become the fourth-largest cryptocurrency. Hash Power and the Bitcoin Cash Hard Fork. This change is implemented via a software update. This means two separate blockchains, each running on different rules and with their own currency. If there are only a few mining interests then they could theoretically start dictating the rules that the blockchain would follow, which would be counter to the whole reason bitcoin was created in the first place. Volume-wise, Bitcoin Cash still maintains the highest volume. While the 2017 hard fork that created bitcoin cash resulted in new value creation, bitcoin cash reached an all-time high price of 3,785.82 on December 20, 2017, its still unclear what the impact of the November 2018. Proponents of increasing the block size (a new block on the bitcoin network is confirmed every ten minutes and contains transaction size) say that it would help bitcoin scale. Users interested in the fork will need to split their coins accordingly. . Bitcoin users and investors feared the fork might destabilize the Bitcoin price, but nevertheless the original Bitcoin universe remains unperturbed by the presence of the cryptocurrency newcomer. Until the network sorts itself out, it remains unclear if there will one, two, or three forms of Bitcoin Cash 00 moving forward. Now the digital currency will split in two, creating a second cryptocurrency.
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