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Author Topic: Everything You Need to Know About the Upcoming Bitcoin Cash Hard Fork  (Read 78 times)
Tosin12 (OP)
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April 25, 2018, 08:27:43 AM
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The fork will increase transaction speed and may allow tokens to be established on the BCH blockchain.
After several months of the doldrums, Bitcoin Cash (BCH) seems like it’s on it’s way back up. A week ago, on April 18th, the price of a single BCH token was worth about $770. At press time, the value of a single BCH token was $1293, a nearly 40 percent increase, despite the fact that it had fallen 16 percent from its high of roughly $1560 yesterday. BCH’s trading volume has also softly echoed its price movement.
Despite this rise in valuation, BCH is still a far cry from its December heights of roughly $3,650. At the time, BCH fans were pushing for a “flippening” (for Bitcoin Cash to essentially “replace” Bitcoin). Now, Bitcoin is up to $9,272, and there isn’t much talk of replacing the BTC network at all.
Indeed, the BCH community doesn’t seem to be pushing for major revolution; instead, Bitcoin Cash seems to have focused its efforts on becoming a network well-suited to everyday payments (something the Bitcoin network is not well-suited for.) There are several reasons to point to when it comes to figuring out the cause of the recent rise in valuation. Some sources have cited South Korean trading; others point to signs of a larger market recovery. One factor that could uniquely be driving up the value of BCH is the upcoming hard fork that’s scheduled for the network on May 15.  A “hard fork” is a sort of software update to a crypto network that results in the creation of an entirely new blockchain network (and a new cryptocurrency to go along with it.)

https://www.financemagnates.com/cryptocurrency/news/everything-need-know-upcoming-bitcoin-cash-hard-fork/
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