After the Fork : Bitcoin Cash establishes Over 2 Billion daily volumeSubmitted by messmind at 2017-08-18 14:22:32 EDT
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The long awaited Bitcoin fork is beyond us for some days now, and the
results are becoming clear, as far as we can speak of clarity in the shady cryptomarket .
One of the key factors why a fork was necessary; the ever growing waitlist for transactions;
seems not to be completely resolved. Confirmation sometimes takes minutes up to hours , depending on the 'minersfee' that is included in the transaction, as a compensation for the miners for their work.
Bitcoin miners mine BTC's , and include transactions in the blockchain when they find a block, and by doing so are the motor of the BTC network . Sending BTC still cost you about 80 Ksatoshis each time, about $4 .
The Fork also brought forth a new member to the alt-family ; BitCoin Cash
Nothing really special , everybody who owned BTC, got the same amount of BCC (or BCH on some exchanges).
Practically that BCC is worthless , because BTC value isn't BCC value .
The market disagreed, and valued the bunch on 10% of the BTC value , making some moonwarps and legendary crashes after the market got to trade this worthless crap .
Right now BCC has a market cap of $9.5 billion, and the market seems to like this new alt...
I'm going to keep my .1 BCC , and see where it flies...
Drop your -2 below :D