Why is BCH so powerful in the cryptocurrency market? BCH made good on its promise to treat Bitcoin as “peer-to-peer electronic cash,” and it was brought around the world, making costs much lower and proving reliable. Limitless growth, global adoption and revolutionary innovation await. BCH features:
Feature 1 — Chained scalability
Scalability is one of the core features of Bitcoin Cash, which follows a chain effect road map aimed at mass adoption around the world. Even massive future expansions will remain within the scalability of BitcoinCash.
Feature 2 – New transaction signature
The new transaction signature ensures that the entire platform is fully protected, improving wallet security and eliminating many potential issues.
Feature 3 — New Difficulty Adjustment Algorithm (DAA)
The new difficulty Adjustment algorithm (DAA) gives miners the ability to trade from the blockchain as needed, while also protecting miners from mining-related fluctuations.
Feature 4 — Decentralized development
Bitcoin Cash is completely fragmented. Individuals, banks, financial institutions and even governments have no influence on the network. Bitcoin Cash will develop without any political or social distractions.
In less than a month, BCH has risen from the lowest point of 3900 yuan to the highest point of 9600 yuan, up more than 146%, is the best performing bitcoin fork in the market. BCH’s backers predict the price will hit $10,000 by the end of this year and will vie for the top spot in bitcoin over the next 1-3 years. Price aside, what makes BCH a potential replacement for Bitcoin? What are the problems with Bitcoin?
Unprecedented congestion on the bitcoin exchange network. When Bitcoin was born in 2009, Satoshi did not limit the size of a single block. Bitcoin’s data structure was designed to be expanded up to 32MB. Because early bitcoin transactions were few and the average packaged block was only a few kilobytes in size, the large size of the blockchain made it vulnerable to DDOS attacks by hackers. Therefore, in order to ensure the security of bitcoin blockchain, Satoshi Nakamoto decided to temporarily limit the block size to 1MB. In fact, as early as 2011, it was predicted that the bitcoin block would be congested in the future. It was not until four years after the birth of Bitcoin that the price of bitcoin soared, the number of users gradually increased, and the problem of high transaction costs for network users emerged. The expansion of Bitcoin gradually became a hot debate in the Bitcoin community.
With Nakamoto’s retirement from the metzdowd.com forum, bitcoin’s block size is a relic of history. At the end of 2017, the number of unverified transactions in the Bitcoin block reached a record high of more than 490,000, about 600 times more than three years ago. The increasing number of transactions makes it imperative to reform the bitcoin trading system. At present, it seems that although the BCH market is performing well, during the rise of BCH, the maximum increase of Bitcoin is only 30% of the lowest price, but we should not forget the current market value of Bitcoin, the total market value of BTC still has a strong advantage in the digital currency market. The status of the king of coins is not easily affected.