Bitcoin Cash Weathered First 4 Months, Looks To Gain More 2018 Support
This week the price of bitcoin cash has jumped quite a little after meandering around the $1,300 area just a couple weeks ago. Last night the price topped out at $2,000 per BCH, and at the moment the currency is hovering around $1,870 per token. BCH still controls the fourth biggest market capitalization this month as the market cap has surpassed $31Bn.
Trade volume was high all week, and today the decentralized money has traded around $2.4Bn value of BCH. The very best currency traded with BCH is bitcoin core (BTC), followed by the USD. The Korean won only captures 20 percentage of the quantity by currency, after it dominated BCH markets for quite some time.
So far the BCH chain is close to approaching 30,000 blocks mined since the tricky fork on August 1, 2017. The bitcoin cash chain is operating at approximately 9 percent of the legacy series's difficulty, and it is 16 percent more rewarding to mine heritage bitcoin. Mining profitability has been quite consistent since the hard fork last month after bitcoin cash changed the mechanisms of its difficulty adjustment algorithm.
BCH Infrastructure Growth Continues
Bitcoin money got a lot of infrastructure support this week from several unique facets. For instance, BCH will have two exchanges that will only deal in bitcoin cash pairs from the firms Okex, and Viabtc. BCH got more automated teller support from the ATM maker Lamassu who incorporated the codebase in their software.
A business called Uquid has also established a bitcoin cash debit card. The business claims that the card can be loaded using BCH funds and used to pay for everyday purchases or withdraw cash at ATMs.
Thus far, bitcoin cash supporters seem very delighted with the surrounding infrastructure and the last week's marketplace performance. Besides each of these statements, the BCH community has been surprised by means of a mixer platform that provides stronger privacy for the currency's trades. Additionally, the well-known darknet marketplace, Fantasy, has returned after a brief hiatus, and declared that bitcoin money is currently accepted for market buys.