Bitcoin Cash (BCH) seems like it’s on its way back up. 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.
The BCH community doesn’t look very eager to bring about any kind of huge change in the market. It is instead focusing on its efforts on becoming a network well-suited to everyday payments. The Bitcoin cash team believes that it is very important to have a hard fork on a regular basis so that the protocols can be upgraded, hence Bitcoin Cash hard fork is scheduled every 6 months.
A statement released by the group following the meeting reads,
“Our top priority for Bitcoin Cash is to keep improving it as a great form of money. We want to make it more reliable, more scalable, with low fees and ready for rapid growth. It should ‘just work,’ without complications or hassles. It should be ready for global adoption by mainstream users, and provide a solid foundation that businesses can rely on.”
The main upgrades one can expect are:
Recently, Bitcoin Cash was in the news when Antpool, the world’s largest Bitcoin [BTC] mining pool operated by Bitmain and led by Jihan Wu has recently started to burn 12% of Bitcoin Cash [BCH] which was earned by the mining pool as transaction fees. The mining fees are being sent to a black hole address.
Read more: Antpool Burning The Bitcoin Cash to Drive Up the Bitcoin Cash Value?
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