7 Days Again Bitcoin cash Will do back hardfork

in #bitcoin6 years ago

Bitcoin cash Will reboot hardfork - Bitcoin cash (BCH) is a coin that attracts all types of reactions in the crypto community. On the one hand, there are people who swear by it being a real bitcoin. On the other hand, there are people who like to call it a centralized scam. However, even with all kinds of emotions that bring crypto fans, one thing is clear, Bitcoin money is one of the best crypto players today.
This has pushed from lows or about $ 600 to a high of more than $ 1700 in less than a month. One of the factors driving Bitcoin cash at the moment, is the upcoming hardfork. On May 15, the network will upgrade, an upgrade that will see block size increase from 8 megabytes to 32 megabytes. This update will also allow developers to make smart contracts on the bitcoin cash network.
So what might happen after hardfork? Well, one thing you can expect is that there will be an increased adoption rate of Bitcoin cash (BCH) as currency. That's because with larger block sizes, Bitcoin cash transactions will become faster and cheaper, which is the essence of crypto currency that can be used as a currency. Even on the current block size, Bitcoin cash has seen some significant adoption rates. That is a pointer to how fast Bitcoin cash will be adopted after the block size reaches 32 megabytes.
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After the upgrade happens, bitcoin cash can also see Dapps developers start using it. Given that it is faster, more scalable and has cheaper deals than Ethereum, it's not hard to see bitcoin money taking up a sizable portion of the smart contract market. Such a scenario would be a big boost for its intrinsic value.
Basically, this increase makes bitcoin cash one of the most versatile cryptoes on the market, considering it's very efficient as money and for the development of Dapps. These factors are magnified by the fact that bitcoin cash is a well-known crypto. The fact that it's already famous means that upgrades will be a good catalyst for the value of bitcoin money.

From an investor perspective, bitcoin cash is likely to continue to grow as we approach hardfork. That's because volume is on the rise, especially in Asia, as we approach D-Day. After that, we can see the profit-taking period, but long-term, bitcoin cash trend upward. The speed and efficiency to be carried by hardfork, guaranteed to see wider adoption around the world. Most of these adoptions can happen in Asia, where bitcoin cash is quite popular.
So whether bitcoin cash (BCH) is a native bitcoin or not, it is a debate for another day. One thing is clear, the intrinsic value of bitcoin money will get a big boost.

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