The crypto market has continued its bullish trend this week, with all of the top cryptos seeing significant gains. However, it is Bitcoin Cash (BCH) that has been getting most of the attention. BCH has seen its price rise from $700 at the beginning of the month to its current price of $1,443.
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BCH is due to undergo a ‘hard fork’ on 15 May. The hard fork will increase the current block size from 8mb to 32mb making transactions even faster and allow more transactions to take place on the BCH network. The hard fork will allow more information to be stored on the BCH blockchain, including contracts and deeds.
Unlike previous Bitcoin (BTC) hard forks the BCH hard fork will not be creating ‘free’ coins for holders. It is basically an upgrade rather than a new coin.
If you read our posts regularly then you will know that we have been expecting big things from BCH and this is yet another example of BCH’s forward thinking.
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