BCH information and price prediction in future!!

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Avatar for Khan.1_8
3 years ago

As i don't know much about cryptocurencies and i think most of us have a very little information about cryptocurrency. So i have copy this article just for one reason and that is ,that you people should know about BCH . I know this will not give me any points but i post this just for you people to know about this currency.

Over the two years of existence, Bitcoin Cash has survived several hard forks, broke into the TOP 5 biggest crypto coins by market capitalization, and demonstrated periods of explosive growth. In better times, it cost more than USD 4000, but today it barely holds the price of USD 226. Read the Bitcoin Cash price prediction to know the future price of BCH and what to expect in 2020 – 2025 period. What is Bitcoin Cash During the development of classic Bitcoin, very few people thought that the cryptocurrency would become so in demand. Programmers decided that 1MB per block would be enough. However, popularity grew rapidly and with it the load on the system also grew. Space in the blocks was sorely lacking and transaction speed was falling. The transfer could be expected after half a week. Back in 2017, the developers of Bitcoin decided to upgrade their protocol with SegWit2x technology, which had to improve the performance of the mainnet. In order to embody such a global change, all members of the network had to agree to move to the new standards. However, some miners didn’t like this idea and decided to increase the blocksize from 1 MB to 8 MB. As a result, Bitcoin Cash hard forked from Bitcoin in August 2017. On November 15, 2018, the Bitcoin Cash blockchain was split into two branches again – BCHABC and BCHSV. Now both networks are developed by competing teams. BSV wanted to restore Staoshi’s protocol while BCH (ABC) decided to stick to the original Bitcoin Cash roadmap. Bitcoin Cash blockchain value Bitcoin Cash repeats the original code of BTC in many aspects: the supply limited to 21 mln. coins, PoW protocol, and SHA256 algorithm. However it has brought various improvements. The main features of the BCH blockchain are: The maximum block-size increased from 1MB to 8MB and later to 32 MB. They implemented a mechanism of parallel functioning of two chains, thanks to which you can not erase, duplicate information, as well as transmit a message two times. The team increased the security thanks to the change of transaction type and elimination of quadratic hashing and signature of inputs. Difficulty Algorithm is adjusted every 6 blocks, not every 2016 like on the original Bitcoin blockchain Bitcoin Cash price analysis Bitcoin Cash Price Analysis BCH entered the market in August 2017 and cost $200. Within a month it reached the $550 price point and attracted a lot of interest from crypto enthusiasts. The community liked the coin for its mining convenience and traders were seeking to make money on the new altcoin. The market correction cut the price by 30% but in November, the next phase of growth began. Thanks to being listed on the top crypto exchanges and the release of official software, BCH jumped to $1000. Soon, the coin achieved its all-time high of $4355. However, it wasn’t long and the price decreased to $2600. Later, Bitcoin Cash moved downwards and reached $700. In May, BCH made a short term jump to $1500 and then continued to go down. In November 2018, a new hard fork occurred which led to the hashrate war with Bitcoin SV. It only worsened the downtrend and the coin fell to its lowest price – $75. Until the spring of 2019, Bitcoin Cash was trading between $130 and $170. In March, the market finally started going up, but it wasn’t so long for BCH. When developers introduced new protocols to increase block size, one unknown hacker took advantage of the vulnerability of the system and launched an alternative chain. It resulted in double spending and users losing about $1.5M. Miners tried to operate on the new chain and began to open empty blocks. It caused a network crash and the system didn’t work at all. To fix the situation, two mining pools – BTC.com and BTC.top combined their hashrates and performed a 51% attack to restore the system. It only raised more questions in the community about security and the decentralisation of Bitcoin Cash. It led to a price drop by 25%. Today, Bitcoin Cash is trading at $229

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Comments

Bitcoin cash has a strong community of people & the future of bitcoin cash is on safe hands & we shall be very proud of this

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3 years ago

It's a matter of concern for us..

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3 years ago

thank you for the information .. really very useful for me

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3 years ago

hello, can you check you my account if you have this penalty letter too? because i have in my account

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3 years ago

Thank you very much for sharing this information, I am a neophyte in this cryptocurrency

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3 years ago