Latest News, BITCOIN CASH Circulation Facts

In overnight Bitcoin Cash price increases, from the initial price of around Rp 2 million / BCH, now the price reaches around Rp 12 million / BCH.

Quartz Media writes from Coin Marketcap, Bitcoin Cash's market value of about $ 7.6 billion. That number makes Bitcoin Cash the third cryptourrency, after Bitcoin and Ethereum.

Cryptocurrency | Market value

Bitcoin || $ 44.4 billion
Ethereum || $ 21 billion
Bitcoin cash || $ 7.6 billion
Ripple || $ 6.7 billion
Litecoin || $ 2.2 billion

Source: Quartz Media

How does Bitcoin Cash appear?

Before starting on April 1, the presence of Bitcoin Cash was initiated by a community or group of miners with transaction authority, developers, investors and Bitcoin users, activating the Hard Fork, or more fully called User Activated Hard Fork (UAHF) via Bitcoin Improvement Proposal (BIP 91), to break the Bitcoin software base code and generate a new currency, Bitcoin Cash. Through this UAHF, a group of miners breaks Blockchain into two lines.

The two-lane splitting trigger is actually because Blockchain's capacity is limited to a maximum of 1 megabyte (MB) of data every 10 minutes. As the transaction increases, a larger blockchain capacity is required, such as those in Bitcoin Cash, where Bitcoin Cash consists of 8 megabytes of "block" instead of 1 megabyte block, making it faster.

As with other cryptocurrency properties, which apply the law of demand and supply, the more demand the higher the price will be. Similarly, Bitcoin Cash. When many Digital Exchange add their platforms to trade Bitcoin Cash, such as in Kraken and Bittrex, Bitcoin Cash price jumps instantly. However, although Bitcoin Cash is already tradable on the exchange, it is still not possible to deposit or transfer Bitcoin Cash to the stock or to other users because the Bitcoin Cash network is not yet fully stable. Nevertheless, it is undeniable that Bitcoin Cash trading is currently flooding the market.