Categories: economy

The value of Bitcoin Cash is growing rapidly

Child cryptocurrency has reached the four digit mark.

At the time of the article, the cryptocurrency, which is controlled by an alternative version of the bitcoin reached a high of more than $ 940. United States during today’s session that more than 70% higher than its price of 543 USD. USA only 24 hours ago.

The growth comes at a time when the global crypto-exchanges have increased more than three times on the back of strong South Korean trade exchanges. Coinmarketcap data show that 24-hour volume Bitcoin Cash amounted to $ 3 billion on Friday, compared with 744 million on Thursday and only 106 million dollars on Wednesday.

However, the increase in trading volume makes the market in the face of key issues that have arisen since then, as has happened hard fork of bitcoin, 1 Aug.

Bitcoin Cash(BCH) is different from bitcoin (BTC) in that it supports a block size of 8 MB, but it has no flexibility in transaction thanks to the integration of Segregated Witness, and more pronounced differences in their networks.

Although it remains to be seen whether Bitcoin Cash to attract broad support for crypto exchanges and miners for the development of its own economy, today’s data suggests that it can be done much faster than we imagine.

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