Header Ads

Trust God

Bitcoin investors should not fear Bitcoin Cash hard fork

Image result for BITCOIN

As analysts including Squeeze noted, Bitcoin price has held up well and maintained its upward momentum throughout the week, despite the high probability of the Bitcoin Cash hard fork.

For the most part, that is because the vast majority of the industry, its largest businesses, traders, investors and users will be considering Bitcoin Cash as merely an alternative cryptocurrency or altcoin, instead of Bitcoin.

In an open source development ecosystem, developers can free to fork off a project and create their own. Ethereum Classic drifted away from Ethereum, and it has become the sixth largest cryptocurrency in the market. Monero forked off Bytecoin and experienced a major success, becoming the ninth largest cryptocurrency while Bytecoin faded.

Investors or traders of Bitcoin will be credited with Bitcoin Cash due to its development team’s decision to implement replay protection. Some businesses including Bitrefill and Bixin plan to sell Bitcoin Cash and credit users with additional Bitcoin, which Bitcoin Core developers including Peter Todd described as a viable option.

Powered by Blogger.