These two days the currency circle warmer, the whole digital currency market is also developing in a positive direction. Among the mainstream currencies, the most eye-catching in addition to EOS, BCH performance is also outstanding. As of today, Bitcoin Cash is trading at $1,487, up 6.44%. BCH short-term performance is significantly stronger than other currencies, it can be said that a stone in the currency circle aroused thousands of waves.
BCH started to rise from its low of $598 on April 6 to the early morning of April 18. Within five days, trading volume increased by 4.1 times and reached $1450 on April 23.
What is the difference between Bitcoin Cash (BCH) and Bitcoin (BTC)?
For digital currency, transaction is only the most basic application, while solving more practical problems and applying to more scenarios is the necessary condition for its long-term and stable development.
Bitcoin Cash (BCH), born on August 1, is a new type of blockchain asset based on the original bitcoin chain. It is a decentralized digital currency supported by a large community of supporters of large blocks.
The problem with Bitcoin is that the 1MB block size limits it to seven transactions per second, which can take up to 10 minutes to process and are expensive. At this time, the emergence of BCH just solves this problem. BCH can support up to 8M blocks, making it more stable, more secure and can support more transactions in a given time. BCH aims to reach VISA level transaction processing speed and process more transactions, and will expand to 1GB, 1TB in the future.
BCH itself has a strong main chain, and when BCH has more applications, the two will complement each other to make BCH more perfect and its value can be fully utilized. BCH was born with an inclusive and open mind. It once said that it could use side chain, lightning network and smart contract. Special currency Cash (BCH) better realizes the “point-to-point electronic cash system”.
BCH is expected to reverse the current rally, if it can make a breakthrough in the performance of the forked chain, BCH has a good future.
The CEO of Beijing Feng Yu Technology Co., LTD said: In addition to the early sharp fall, the rise of BCH may be related to the general trend, the war in Syria, the trade war between China and the United States, the stock market downturn, and many people in the consideration of hedging money from the stock market to the currency market. He also thinks that BCH does not rule out the possibility of someone taking advantage of the situation to pull the dish.