Tomorrow it's time. The moment of Bitcoin. Washes. "Washes". "Washes". Because next to SegWit, there is now a plan for Bitcoin Cash.
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What is Bitcoin Cash?
It is planned to split Bitcoin with the name Bitcoin Cash which will exist as its own crypto-language. The difference to normal bitcoin is, with bitcoin cash the block size is eight megabytes instead of the two megabytes with "segregated witness". I will keep at Bitcoin Cash - BCC - the Witness.
Bitcoin Cash is to carry the abbreviation BCC.
Bitcoin cash, gift after me, Once the blockchain is played, probably all Current Bitcoin owners - BTC - which hold access to their private key, in addition, Bitcoin Cash - BCC. The big question is who wants to use the "new" Bitcoin.
What does Bitcoin Cash bring?
Was the untested new coin bring white yet no one so accurate. So it does not surprise the many Bitcoin cash immediately. Erik Voorhees, who created the Kryptowährungs trading platform ShapeShift, will not keep these tokens of Bitcoin Cash. In fact, he still had tweaked Bitcoin Cash as soon as possible.
Erik Voorhees will have nothing to do with Bitcoin Cash!
But not only Erik Voorhees wants to have nothing to do with Bitcoin Cash. It is not a market for BCH or BCC. The statement by Erik Voorhees shows however that he and many others try to drive the price of the bitcoin cash as fast as possible into the cellar. The same thing happened with ETH - Ethereum - and ETC - Ethereum Classic.
Erik Voorhees Bitcoin Cash
It is interesting that Mr Voorhees is so open about his plans for Bitcoin Cash. His tweet also shows how overwhelming the support is to SegWit2x. You have to throw something into this. Yes, the SegWit is as good as through but the part in which the MB size of a block is increased to 2 MB still stands in the balance. Since currently only the Witness from the blocks of the future blocks with the update is missing but for the 2MB size of the blocks another update would have to pass. Here it is always exciting how the company develops to SegWit2x.
Is bitcoin cash really useless?
This can not say so far. Many in the Bitcoin community are glad to the solution of the SegWit2x and are irritated and annoyed by hin and her the available Forks. But Bitcoin Cash is not on its own, as some exchanges are willing to actively support Altcoin. The price slump planned by Mr Voorhees may not come at all. In addition, on 31.07 is too early to speculate too much.
The opinion of Erik Voorhees and other crypto experts play an important role. Whether male nun should keep Bitcoin Cash or not remains to be seen. In any case tomorrow will be more than exciting, so much is certain
We shall see. There is an avid following behind BCH. Will that be enough to enable it to survive? Who knows. BTC certainly has its issues and cannot handle nearly enough transactions to be a viable currency. However, even at 8MB, neither can BCH. Consider how many transactions Visa can do in 30 seconds and you realize how far both are behind.
That said, either currency could (and most likely will) handle the transactions better in the future. Which means if that is what BCH is hanging its hat on, the fact that BTC cannot handle transactions, then it might be doomed. BTC still has the store of value aspect which many believe will be its ultimate place.