Since its inception in 2009, the bitcoin has been the talk; It is the first fully decentralized and uncontrolled cryptocurrency. As virtual currency, the early days were difficult, taking two years to be worth 1 dollar (euro 0.847146) per bitcoin, very different from $ 2,700 (2,286.93 euros) per unit than we are used to hearing these days. But what we will be trying in the article is about Bitcoin Cash, the new "son" of Bitcoin. The bitcoin can not be faked, what you see is what you get
The success of bitcoin was what kept him, to put it one way, stalled. Miners, which is the name to "lend" their computers to solve difficult mathematical problems, receive bitcoins as a reward each time a code block is processed.
In March 2017, the chain blocks needed for mining was already past the 110GB, plus each transaction between virtual wallets is stored in a kind of public list. These public lists are limited to updates every 10 minutes, but can not receive more than 1MB per iteration. Thus the system is protected in case of any attempt to malicious attack.
Birth of Bitcoin Cash
Just this limit, which aids in security, is what necessitated the evolution of Bitcoin, which can sometimes take hours or even days to complete a transaction with this virtual currency . That is why on August 1 the first was launched fork core Bitcoin and Bitcoin Cash emerged as an alternative mitigating this limit, becoming 8MB every 10 minutes, maintaining security, but multiplying the number of transactions, shortening timeouts.
bitcoin mining representation
Bitcoins those who have not affected their virtual wallets by this new appearance. At the time of writing, the value of Bitcoin Cash is above $ 430 (364.4 euros) , at least in the capital market is concerned. The reality is that many foreign exchange companies still do not accept Bitcoin Cash purchases, though if they sell.
Comparison of values and bitcoin bitcoin exchange cash
This happens because some uncertainty still generates the future that awaits this cryptocurrency ; although it is a division of the core of Bitcoin, you still need to grow a little more. There may be a lot of Bitcoin Cash waiting to be sold, as some say that its value is being artificially inflated and many would expect at a good price spike.
In my view, I do not say that is not going to have greater value in the future, just as one learns the news on the subject, it is creating mental scenarios of how it would affect their growth and market acceptance "foot". Many say that most users with Bitcoin Cash will sell only can, but this all they would do is lower the price on the stock market (because of the supply / demand), personally I would keep at least much and hope to have good growth and possible commercial use.
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