Bitcoin Cash Poised to Join Top 3 Cryptocurrencies
“Bitcoin Cash Poised to Join Top 3 Cryptocurrencies” : Cryptocurrency investors have been in a tumultuous race lately, as markets have dropped significantly. The BTC was at the top of $ 10,000 before falling to the current $ 8,670. Bitcoin Cash (BCH) also fell to about $ 1,480, losing about 14% of its value in the last 24 hours. However, markets are starting to climb back up and some are predicting that BCH may soon be among the top three crypto-coins.
Despite a decline in value, Bitcoin Cash remained relatively stable. Currently, BCH has a market value of US $ 25 billion and a current offering of more than 17 million. Its decline was only the second least decline among the top 15 cryptocourses, all of which saw a drop of 20% or greater, except BTC and Ethereum (ETH).
“Bitcoin ” : The Cash Consortium (C2), a technical group that seeks to strengthen the development of open standards to boost BCH’s growth, has described crypto-currency as “the most solid money the world has ever known. It has scarcity, fungibility, divisibility, durability and transferability. “C2 uses open standards that allow developers to identify bugs and crashes within the blockchain software.
“Bitcoin Cash and Blockchain technology enables financial sovereignty in a unique way in history. One of C2’s main goals is to make these benefits available to all people, regardless of their age, gender, nationality or financial situation, “according to the C2 website.
“Bitcoin Cash Poised” : The second network update, which takes place on May 15, is expected to have a major impact on the crypto-currency value. The upgrade is designed to further reduce transaction fees, which are already low as well as speed up the network. Through this event, the block size will be increased to 32MB and a certain functionality will be introduced through the previously rejected OP_Codes. OP_Codes should provide the most amount of force to the BCH value because they will allow the smart contract and tokenization capability in the blockchain.
“Bitcoin Cash Poised to Join Top 3 Cryptocurrencies” : Intelligent contract capability has been a highlight of Ethereum; through it, thousands of blockchain projects, additional cryptocurrencies and initial offers of coins were started. Implementing smart contracts will put BCH on the same level as ETH. Jimmy Nguyen, CEO of nChain Group, said: “Restoring certain OP_Codes in the Bitcoin scripting language will bring advanced technical features to the Bitcoin Cash network. In computing, operational codes are the automated language section that determines which operation to execute. The restored OP_Codes will allow the smart and tokenization contracts to be executed in the BCH blockchain. More advanced features will be possible with future upgrades to the Bitcoin Cash network. ”
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