Bitcoin Cash Crash Hard Fork Live As


Bitcoin cash (BCH) blockchain Today it split into two (this “hard fork”). Traders struggling with the uncertainty of the future of the network pulled its price Bitcoin cash Price from $ 255 to $ 240 in the last 24 hours, a decrease of 5%.

Hard Fork follows a major disagreement between two BCH clients, the Bitcoin Cash ABC (BCHA) and the Bitcoin Cash Node (BCHN), after BCHA put forward the Infrastructure Funding Plan (IFP), a scheme that includes an 8% “tax “Will be imposed. Minor re-channels the money towards profit and network development.

The proposal remains largely unpopular among BCH users, who fear reducing profits and fearing it will Drop of water Decentralized sense of community.

Most major companies do not expect any disruption and signs that they are ready to accommodate the changes, but many, such as Coinbase Announced a temporary stoppage in the deposit and withdrawal of BCH.

Meanwhile, in the hours leading up to the hard fork, Bitcoin And Ethereum hit a record high in “realized” prices.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

Leave a Reply