So, what’s the trend with Bitcoin Cash Price? Bitcoin Cash as you might know by now is a Bitcoin core fork and the fourth largest coin by market capitalization. By design, proponents say the coin is meant to be a medium of exchange and to make it a global coin that every Harry and Dick can make use of, the #DevelopmentTeam has executed four successful hard forks in the last 12 months alone. A Fork is simply a “split” or a separation from the longest blockchain and in this case the first case, the first fork was a separation from Bitcoin core which at the time was the longest blockchain at the time.
The new chain had a block size of 8MB but that has since been expanded to 32MB with activation of Satoshi_OP codes and increment of default data carrier size to 220 bytes.
All this was done to make the network more scalable and more usable without resorting to alternatives as Lightning Network as forwarded by the core team.
Positives Supportive of Bitcoin Cash
In less than a week, the network there will be a stress test on the Bitcoin Cash network. Earlier, BitPico did their own stress test on the network claiming they will demonstrating how vulnerable Bitcoin Cash network is.
Besides, they made claims of Bitcoin Cash centralization saying most full nodes are hosted at Alibaba servers. Hopefully, this stress test will demonstrate that the network can handle an influx of micro-transaction and to some degree resistant to Sybil attacks.
CoinBase drive to increase global adoption of cryptocurrency will surely help drive Bitcoin Cash prices. They already have a free downloadable plugin compatible with Woo Commerce. This plugin allows website owners to accept Bitcoin Cash and other high liquid coins from internet users.
So what’s our Bitcoin Cash Price Prediction for 2018?
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