Bitcoin Cash is the new version of Bitcoin. It was created in August after a number of key supporters in the Bitcoin community established the Bitcoin Cash blockchain. At first, Bitcoin Cash existed in the form of the bitcoin client (Bitcoin XT).
Introduction To Bitcoin Cash (BCH)
The recent Bitcoin Cash fork has introduced several new developments that would have never have been possible on the Bitcoin blockchain. If you haven’t installed a Bitcoin Cash wallet, now is the time to get involved.
Much has been made about Bitcoin Cash’s SegWit activation and the Bitcoin network’s agreement to increase its size. This should ultimately improve the way Bitcoin works.
But support has slowly grown.
One of the more powerful developments in Bitcoin’s history may be the growing support for Bitcoin Cash. This follows the release of Bitcoin Gold, an attempt to fork Bitcoin. Bitcoin Gold has caused a division among the Bitcoin community; supporters are mostly opting to spend their BTC where they can, as opposed to embracing Bitcoin Cash.
Not everyone is happy to see Bitcoin Cash. Some claim that the upcoming chain splits are nothing more than a ploy to keep people on old networks and avoid a potential loss of price pressure and market value on competing chains.
A Cash Discount On Bitcoin Cash
BizTalk Investor Marketplace, an online trading platform, has introduced an up to 40% discount on the Bitcoin Cash, while the cryptocurrency’s price is nearing $1,000 a coin. Bitcoin Cash’s price rose up to $200 in mid-June. Bitcoin Cash is actually a clone of Bitcoin. The creator of Bitcoin Cash is known to be Satoshi Nakamoto. The cryptocurrency boasts a larger network size. Bitcoin Cash currently has a network size of over 821 billion transactions, whereas Bitcoin has around 210 billion transactions.
Bitcoin Cash Market Performance
Since bitcoin cash (BCH) was introduced, the price has been fairly stable. Bitcoin cash (BTC) was trading at around $500 per bitcoin cash (BTC) at the time of this article, but as we’ve mentioned above, this cash discount is still relevant. Bitcoin cash (BCH) hasn’t seen the same level of volatility as bitcoin (BTC), but it’s still volatile enough that you should generally watch it carefully.
Bitcoin Cash Assets
We don’t currently have a deep dive report about Bitcoin cash assets, but as we mentioned earlier in this article, Bitcoin cash assets can be used to buy and sell bitcoin cash. As you can see in the chart below, Bitcoin cash (BTC) has a fairly large market cap, as the chart also illustrates.
Bitcoin Cash Volatility
The volatility of bitcoin cash is high, as you can see in the chart below. Because of this volatility, you should pay attention to bitcoin cash prices and buy when there is a large price spread between bitcoin cash (BTC) and bitcoin cash (BTC). When a price gap between bitcoin cash (BTC) and bitcoin cash (BTC) has been smaller, there has been less volatility in the bitcoin cash market.