4 questions about the upcoming Bitcoin Cash fork

Lloyd Doyle
May 15, 2018

Bitcoin Cash at present has a cap of $25,653,452,816 and its twenty four hour trading volume is about $934,188,000.

This means, anybody running a Bitcoin Cash Node will need to upgrade to the latest Bitcoin ABC software, Bitcoin ABC 0.17.1 as soon as possible.

Ethereum (ETH) is trading at $738.40 against the United States dollars, a 8.75 percent change since this time yesterday.

Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $8,592.57 or 1.00000000 BTC.

Zcash (ZEC) is trading at $258.11 against the United States dollars, a 5.64 percent change since this time yesterday.

Steem (STEEM) traded 9.7% higher against the dollar and now trades at $3.11 or 0.00036280 BTC.

Ethereum Classic (ETC) is trading at $18.88 against the Dollars, a 5.44 percent change since this time yesterday.

Counterparty (XCP) traded down 12.1% against the dollar and now trades at $16.40 or 0.00190444 BTC.

TRON (TRX) is trading at $0.08 against the Dollars, a 12.22 percent change since this time yesterday.

Namecoin (NMC) traded 0.2% higher against the dollar and now trades at $1.98 or 0.00023092 BTC.


NEO (NEO) is trading at $68.37 against the Dollars, a 6.22 percent change since this time yesterday.

Unobtanium (UNO) traded down 1.2% against the dollar and now trades at $131.05 or 0.01520630 BTC.

Litecoin (LTC) is trading at $146.20 against the Dollars, a 3.67 percent change since this time yesterday.

Monero (XMR) is trading at $211.23 against the Dollars, a 5.75 percent change since this time yesterday.

PACcoin ($PAC) traded 7.8% lower against the dollar and now trades at $0.0051 or 0.00000059 BTC.

Bitcoin Cash (BCH) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm.

The Hard Fork is set to take place at 17:00 BST, therefore this afternoon should see some increased activity within the Bitcoin Cash network. However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks.

This is going to be a big day for the Bitcoin Cash (BCH) fans out there as the much-anticipated hard fork of the BCH is finally here.

Tomorrow's BCH hard fork is different in the fashion that it might be a hard fork but you won't be receiving any new coins.

People can get BCH on trading exchanges including BitBank, Bitlish, Liqui, TradeSatoshi, and Upbit. Investors seeking to acquire Bitcoin Cash using USA dollars directly can do so using GDAX, Gemini or Changelly. Crypto trading is not regulated by the Dutch financial authorities; in fact, around 2013-2014, when answering written questions from the Dutch parliament, the Dutch finance minister said that he "took the view that Bitcoin does not fall under the definition of (electronic) money within the meaning of the Financial Supervision Act" and that it could be viewed as an item of barter (or medium of exchange). One Bitcoin Cash coin can now be bought for $1,508.08 or 0.16310900 BTC on popular exchanges including Cryptox, Gatecoin, Buda and BitMarket.

Other reports by Iphone Fresh

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