Bitcoin Cash has grown by 250% in a year in the falling market
The most successful fork of the first cryptocurrency – Bitcoin Cash – increased the rate in the falling market after a year of existence by 250 and 2.8 times outperformed Bitcoin in the number of transactions. Roger Ver, the Bitcoin Cash development investor, said that on August 1 – BCH’s birthday – the number of transfers in the hard-fork network exceeded 780,000. At the same time, the commission for BCH transfers remains lower than in the Bitcoin network.
Bitcoin Cash appeared on the initiative of a group of developers who were in favor of increasing the block size in the Bitcoin network. August 1, 2017, the coin rate was $ 284, August 2 – $ 433, after a year – $ 696.75.
Roger Ver and his followers call the coin “true bitcoin,” because BCH fully corresponds to the philosophy of the first cryptocurrency. Other Bitcoin forks, which are many, did not become and 10% as successful as Bitcoin Cash. The capitalization of this cryptocurrency is $ 11.967 733 474 billion.