Bitcoin Cash Highlights (Top Talks)

August 1,2017 - Third Anniversary

In just a week, the Bitcoin cash (BCH) community is about to celebrate the third anniversary of the 2017 fork.

Fork means to divide into two branches.

We are all aware that the fork happened because of the debate over the 1mb block size unit that the Bitcoin (BTC) chain still have. Bitcoin was forked to make Bitcoin cash. Since then, the block size increased and now it has been raised up to 32mb with its data carrier size of 220 bytes. It is reported that there are now 30 completed improvements and tools in Bitcoin cash ever since 2017 including Cashfusion, that allows high level of privacy through a flexible scheme, and Simple Ledger Protocol (SLP), for creating the greatest token system.

The BCH alongside BTC and Bitcoinsv (BSV), which the community forked out from the BCH chain, are the current most popular and largest branches in the cryptocurrency world. BCH attracts a lot of users since its existence due to the following reasons:

• Fast transactions

• Low fees

• More privacy

• Smart Contracts

• Tokenization

Lets take a look at some of the comparisons on why Bitcoin cash stands out rather than Bitcoin, who is in the current top in cryptocurrency.

Bitcoin Cash

• Over 2 million processed transactions

Bitcoin

• Over 400 thousand processed transactions

Bitcoin Cash can handle more transactions than Bitcoin. Most of the time, it takes less than 10 minutes to perform a transaction.

Bitcoin Cash (depending on bytes)

• $0.003 - 0.$20 fee per transaction

Bitcoin

• $0.92 per transaction

Since Bitcoin is 1mb in size, miners can only confirm 1mb worth per transaction for each block every ten minutes. With Bitcoin cash's fees inexpensive, all types of innovation can be made.

Price is up for $2.38 (1.09%) 

Bitcoin cash was upped to the second place prior to the last 4 hour candle as of 9:36 PM EST or 01:36 AM GMT. The volatile price range of coins in cryptocurrency has been a major talk ever since. However, Bitcoin was up to $47.28, same time, same hour candle.

Current Price: $251. 59

Market Cap Dominance: 1.51%

Ranked Number 5

Tether on Bitcoin cash chain

$6 million worth of Tether or more than one thousand (1,000) stablecoins was issued through SLP in Bitcoin cash in the start of July.

The news has been a talk for Bitcoin cash supporters until now. Postage Protocol allows SLP-tokens to be sent out without a single fee, also known as gas, needed to make a transaction. Vin Armani, Cointext CTO, explained that this no-fee transaction is done through a server they call as post office.

Tether is known as a cryptocurrency with tokens that are issued by Tether Limited. However, several reports said that Tether is not a good investment due to lots of conflicts and dramas. But since it is one of the branded names in bitcoin mining, it can help with the attraction of users taking a step in Bitcoin cash.