Will BTC Cash replace Bitcoin?
Tom Zender CEO Mentor believes that BitcoinCash will replace Bitcoin...
In an official statement Thursday, Tom Zander praised BitcoinCash and said that its value was determined by the original Bitcoin code. He further stated that he is confident that within half a year BTC will cease to be added to Cash, and that we will start calling it the new Bitcoin or Bitcoin Classic.
While expecting a hard drive, BCH increased its value by 35%, and following the cancellation of SegWit2x, a large part of investors decided to shift their capital to split the chain.
The fact that the chain is stuck for 1 MB and is likely to remain so, confirms the profitability of the Cash chain. Now the market will decide.
In addition to canceling Segwit2X, another problem that plagues Bitcoin, is a huge portfolio of over 135,000 unconfirmed transactions and transaction fees that continue to grow rapidly across the network. Segwit2X could help but was rejected. Other scalability solutions, whether Lightning Network or others, are urgently needed, but may not be implemented in the near future. Therefore, in the face of these problems Bitcoin Cash seems very attractive. People have long been searching for alternatives to Bitcoin - altcoins with enhanced features, which will grow to outperform the largest cryptanalyst.
Today Bitcoin Cash has set ATH at $ 2648 and its capitalization has surpassed the Ethereum market!
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