Connect with us
  • Home
  • Start here
  • Bitcoin Charts & More
  • Cryptopedia
  • Advertise
  • Submit PR
CLOSE

Bitcoin Cash News

Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?

Published

on

Where Does Bitcoin Cash BCH Stand The Day After The Fork FILEminimizer - Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?
FO6E3842CAC44 - Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?

The latest digital currency news show that the Bitcoin Cash (BCH) hard fork is now completed and that BCH successfully activated its second scheduled semi-annual hard fork since splitting away from the original Bitcoin blockchain.

However, unlike the previous upgrades which brought a lot of positive news, this fork was contentious and the development teams that launched it are still competing, pointing out to their incompatible BCH implementations.

There were two groups with different beliefs about the fork. The first one was the Bitcoin Cash ABC team which had support from most node operators as well as investors and companies such as Roger Ver (Bitcoin.com) and Jihan Wu (Bitmain). The other group was the one cheering for the Bitcoin Cash SV altcoin and trying to prove that it has better features than BCHABC.

Strictly speaking, there could have been three versions if any miners decided to continue mining according to the pre-fork consensus rules. However, all of the hashrate migrated to one or the other of the two new rulesets, killing off the original chain.

Currently, according to BitMEX Research, both sides are mining at a loss of at least $280,000 per day relative to the value of the coins (or more) which will put pressure on profit-motivated miners to cut their losses and switch to BCHABC or BTC.

“Even if the SV mining collation do catch up with ABC or if they manage to do hostile chain re-orgs, its highly unlikely BCash ABC users & investors will ever switch to follow SV. ABC users just need to be patient & wait it out. @CalvinAyre & the SV miners will eventually give up,” BitMEX wrote on Twitter, doubling down on Jonathan Bier’s pre-fork prediction that miners would ultimately abandon the BSV fork.

Currently, people are wondering how does the BCH hard fork affect other projects such as Bitcoin. The good news here is that the fork has no effect on BTC other than making it even less likely that Bitcoin Cash (BCH) will overtake Bitcoin (BTC) and claim its mantle.

Share This With Your Friends

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Continue Reading
Comments

Binance News

Binance DEX Is Ready To List A BCH-Pegged Token

Published

on

By

binance dex
The CEO and founder of the major cryptocurrency exchange Binance is in the crypto news every week. In this week's updates, he said that the decentralized arm of the exchange, known as Binance DEX, is ready to list a token that is pegged to the value of the Bitcoin Cash (BCH) altcoin.As the post outlined, a BCH stablecoin could appear on Binance DEX. With this, "CZ" proposes to "list BCH-1FD" which is a pegged token that "tracks the value of the native asset of the Bitcoin Cash." Changpeng Zhao published a post in Binance's Token Issuance & Listings section on October 17, with a one-sentence pitch that reads:
“BCH-1FD aims to provide a token pegged to BCH value for trading on Binance DEX. In 2017, the Bitcoin community split into two: BTC and Bitcoin Cash(BCH). BCH is a peer-to-peer electronic cash system.”
If this happens, the Bitcoin Cash news could show a spike for the altcoin. In the paragraph which lists the BCH-1FD team size and whether contributors are involved in other crypto projects, CZ noted that Binance DEX will provide the conversion between BCH and BCH-1FD through deposit and withdraw. Because of this, "there isn't much development work in this token or any potential conflict of interest," Zhao added.Per the proposal to list a BCH-pegged token on Binance DEX, users will also be able to swap the token for the native Bitcoin Cash (BCH) cryptocurrency directly on Binance.com. Right now, the total circulating supply of BCH-1FD is expected to amount to 5,000 BCH. However, this volume could be increased in the future.
“BEP2 BCH is mintable, and the total supply will increase as market demands. All the issued BEP2 BCH will be backed 1:1 by native BCH sitting in a publicly disclosed reserve address that can be monitored by anyone at all times,” the post states.
Besides the BCH-pegged token being listed on Binance DEX, CZ also proposed to list two new trading pairs with the Binance USD (BUSD) stablecoin on the DEX: the Bitcoin BTC/BUSD and Ripple XRP/BUSD pairs.As we reported previously, Zhao was in the news a few days ago stating the reasons why Binance Coin (BNB) dropped over 50% from its all time high. As he said then, the situation "does not make much sense."
`
Continue Reading

Bitcoin Cash News

Bitcoin Cash Supporters Prepare For The Upcoming Upgrade Features

Published

on

By

bitcoin cash supporters
The Bitcoin Cash supporters are now waiting for the latest upgrade of the network which will include new features to the blockchain as we are about to read in the latest Bitcoin cash news below.In four weeks, the Bitcoin cash network will add the component Schnorr support for the OP_Checkmultisig which will allow for a more complex mechanics to multi-signature transactions and all signature check-in operations will support the signatures. The upgrade will finalize the BIP62 malleability vector by enforcing Minimaldatain the script or as it is known as the ‘’Minimaldata’’ rule. The new upgrade aims to make most of the transactions on the Bitcoin Cash network non-malleable.The bitcoin cash supporters and developers are now preparing to upgrade the network protocol and the upgrade is expected on November 15th. The community seems excited about the two new enhancements that will come to the BCH chain. The last upgrade saw the SegWit recovery and the very basics of Schnorr signatures added to the chain. This time around, the developers are adding two more features to the protocol. The  Bitcoin ABC development team published a notice that informs the people that the latest upgrade is now locked-in. The features that go into every protocol upgrade are planned and developed far in advance just to give Bitcoin Cash supporters some time to prepare:
‘’The goal of Bitcoin ABC is to help create sound money that is used globally in order to drive freedom and prosperity for everyone. Bitcoin ABC continues to be a driving force in executing the roadmap for Bitcoin Cash.’’
The upgrades extend the support to OP_Checkmultisigand after this upgrade, all of the signature checking operations will support Schnorr signatures. The software engineer Mark Lundeberg explained that the developers did a successful preliminary test of bringing the signatures to the platform based on these specs. Additionally, the Bitcoin Cash supporters are looking forward to the enforced Minimaldata in script application the BCHchain. The addition has excited a lot of proponents as we can see in the altcoin news, and the completion of the malleability fix unlocks another ability for Canonical Transaction Ordering. The upgrade will enable the SPV wallets to know whether or not a particular transaction was mined in a particular block.
`
Continue Reading

Bitcoin Cash News

Struggle Continues With BCH, LTC and XLM Showing Weak Signals

Published

on

By

struggle continues
The market struggle continues today, initiated by Bitcoin's constant up-and-down moments which make the total crypto market cap face a strong resistance near the $218 billion and $220 billion levels.As we can see in the altcoin news today, the Litecoin (LTC) price is still trading well below the main $60 resistance area, while the Bitcoin Cash (BCH) price is correcting gains and could test the $220 support line.Stellar (XLM) is above the $0.06 support area, and the EOS coin news indicate that the cryptocurrency recently failed to surpass the $3.250 resistance and is right now declining towards $3.050.In our Bitcoin Cash news, it is noticeable that the BCH price faces resistance as we speak and is somewhere near the $235 and $240 levels in that manner.The BCH/USD pair is correcting lower towards the $225 level now and it seems like the price could also test the $220 support area in the near term. The struggle continues as the main supports on the downside are near the $205 level. On the upside, it is evident that a clear break above $240 is needed for more gains towards the $250 and $265 levels.On the other hand, the Litecoin news now show that LTC recovered above the $55 level and struggled to gain momentum above $58.50, remaining well below the key $60 resistance area. The price is currently correcting lower and may soon test the $55 support area.EOS is part of the weak coins as the struggle continues. After it climbed higher recently and tested the $3.25 resistance area, the sellers appeared and brought the coin back to the $3.20 level. If there are more downsides soon, the price could test the $3.05 support area in the near term.Stellar (XLM) meanwhile climbed higher positively above the $0.0620 level. The Stellar Lumens news are actually the only bright side right now and it seems like the price could test higher levels soon.When looking at the total cryptocurrency market cap in the daily and weekly charts, we can see that the struggle continues. The total crypto market cap is facing strong resistance near the $218 and $220 billion levels - and the 100 SMA is also acting as crucial resistance point. A clear break above the $220 billion resistance and close above the 100 SMA is right now needed for an upside acceleration in the short term.
`
Continue Reading

Bitcoin Cash News

Destinia Launches Crypto Payments In Five Cryptocurrencies

Published

on

By

maxresdefault 1 - Destinia Launches Crypto Payments In Five Cryptocurrencies
The online travel agency from Spain has recently expanded its payment methods and added a lot of new possibilities in the form of cryptocurrencies. Destinia launches crypto payments in five cryptocurrencies available to all users in Spain. The firm has been known and featured in the crypto news before for allowing purchases through Bitcoin.However, the company now introduced five other crypto options, including payments in Bitcoin Cash (BCH), Eos (EOS), Ethereum (ETH), Litecoin (LTC) and Dash (DASH). As the company explained in a statement, the new features began testing in July through a payment pltform which included these cryptocurrency wallets. The system is currently fully operational and users can select the visualization of their crypto services online - or make the purchase using any of the six virtual currencies.The ETH news show that Spaniards could now use Ethereum besides Bitcoin to book travel deals on Destinia. For those of you who don't know, the travel agency has been accepting payments in Bitcoin from January 2014 and is one of the pioneers of cryptocurrency payments in the country.Now that Destinia launches crypto payments, the company prides itself in being the first European online travel agency to accept BTC payments (as they say). They have been featured in the Bitcoin news updates for some time and were established as a pro-Bitcoin medium. According to their reports, around 7.23% of its customers selected Bitcoin back in 2018 to book travel services.All of this signifies the importance of crypto payments in Spain. The incorporation of cryptocurrencies, according to Destinia, aligns with its strategic plan in relation to its technological development - which places the firm at the service of the user's needs.Besides cryptocurrencies, one can book travel deals on Destinia through PayPal, Amazon Pay, immediate financing with Aplázame or the Bizum mobile application. Cristina Verdi, who is responsible for payment and treasury methods at the firm, commented as Destinia launches crypto payments and said that with this latest update, "users can use different wallets to finalize their purchase and select the cryptocurrencies they prefer."All of this helps the company "obtain a fast, simple and secure process which is fundamental for the eCommerce user nowadays," Verdi concluded.  
`
Continue Reading

Newsletter

For Updates & Exclusive Offers
enter your email below





NEWS CATEGORIES

ADVERTISEMENT

cryptocurrency review
FO5F93F47156 - Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?

ADVERTISEMENT

Medium Rectangle 300 200 2 Animated - Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?

Join us on Facebook

ADVERTISEMENT

300 250 - Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?

UPCOMING EVENTS RECOMMEND BY DC FORECASTS

november

No Events

FO710FC3F2305 1 - Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?

ADVERTISEMENT

300 600 3 - Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?

Trending Worldwide

Show Buttons
Hide Buttons
X
X