Bitcoin Cash quotes continue to grow and are approaching $1000 per unit. The price rise is associated with an increase in demand for BCH due to the hard fork, which will take place on May 15.
Two weeks ago, the token was trading at the lowest price for 2018 - $606.59. Today, the total daily increase is 10.54%, and at the time of writing, the price of BCH is $ 1,091.
Experts are sure that the announcement of the hard fork led to an increase in the price of Bitcoin Cash. The significant updates that the hard fork activates have significantly revived the market in anticipation of a solution to pressing problems.
First, the block size problem, which poses a serious obstacle to the expansion of the use of cryptocurrency, will be solved. As a result of the upgrade, the block size will increase from 8 megabytes to 32 megabytes, which will allow the network to process transactions faster. It is expected that this BCH scaling problem will be partially resolved.
Secondly, new and restored operational codes will appear on the network, that is, simplified smart contracts can be created on the BCH blockchain. According to many experts, it was this particular update that revived the market before the Bitcoin Cash hard fork.
The new version of the Bitcoin ABC code 0.17.0 has already been published and is available for download. Users maintaining a Bitcoin Cash node are advised to immediately update Bitcoin ABC or other compatible software to version 0.17.0.
The fork itself is carried out by developers from Bitcoin ABC. The fork will be activated as soon as the 11 most recent blocks reach 1,526,400,000 or higher, and a new block is formed.
According to https://cryptocurrency.tech
You May Also Like
TokenPay: speculators and holders will destroy cryptocurrency
TokenPay believes that the crypto market is rigged, and most tokens are just casino chips. The authors of an undervalued, in their opinion, digital currency. express their opinion on what is happening in the crypto market.
5 Airdrops interesting to participate in
New ERC20 tokens enter the market every month, and many of them are distributed for free to ETH users as part of a promotional campaign. Such a free distribution (Airdrop or airdrop) undoubtedly deserves attention and provides a profitable opportunity. However, there is no point in sweeping away everything; it is advisable to first decide which coins may be of real interest. The following 5 tokens are worth considering based on their current and expected value:
