Bitcoin, Bitcoin Cash, Ether, and more: Top crypto to watch this week
Bitcoin Cash (BCH) was created in 2017 after the Bitcoin “hard fork.” A hard fork is a phenomenon in the blockchain world that happens when the community makes major changes to the blockchain network and alters the rules.
Bitcoin was hard forked — resulting in Bitcoin Cash, which featured faster transaction speeds. With its history tied to Bitcoin, Bitcoin Cash’s price often fluctuates with that of the top cryptocurrency.
As Bitcoin is going up after Trump’s speech, Bitcoin Cash is also following suit. The now-defunct Bitcoin exchange Mt. Gox has also finished paying its creditors in Bitcoin Cash, which may also be contributing to the crypto’s surge.
Currently, Bitcoin Cash is trading at $454, up over 16% from last week.
This article was originally published by a qz.com . Read the Original article here. .
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. BitcoinNews.best does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
