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BITCOINCASH: WHAT AN AMAZING GROWTH

by cryptocreed
written by cryptocreed

BITCOINCASH: WHAT AN AMAZING GROWTH

BitcoinCash is one of the top cryptocurrencies in the world. Recently, cryptocurrency has been on the rise against other cryptocurrencies. As of August 2017, Bitcoin Cash has increased over 120% in the fourth month of this year. At the point when estimated against the first Bitcoin, the rise has been 66% out of a market where Bitcoin has additionally aroused emphatically against the United States dollar.

One purpose for the current value surge in Bitcoin-Cash could be a current declaration from a mining monster Antpool. The mining pool declared in a tweet in April that they would begin consuming 12% of the exchange charges they get with an end goal to diminish the supply, & consequently support the price, of Bitcoin Cash. Antpool has likewise welcomed different miners to begin consuming 12% of the exchange expenses gathered.

An important inquiry for financial specialists in such manner as the amount of a diminishment in supply 12% of Antpool’s exchange charges truly constitute. A few individuals from the crypto group have basically called it purposeful publicity with respect to Antpool keeping in mind the end goal to falsely boost price while blaming Antpool for acting like a national bank that controls cash supply in the quest for its own self-premium.

Despite that fact, be that as it may, the news has now advanced around the crypto world & it might have prompted no less than a view of expanded shortage in the bitcoin cash market, which is constantly useful at the price.

High Effect

Notwithstanding the declaration from Antpool, the Bitcoin Cash price has likely been profiting from market desires to an up-and-coming high effect on the system.

The diligent work, which is planned for May 15, will build Bitcoin Cash’s square size from the present 8 megabytes to 32 megabytes, altogether expanding the number of exchanges that the system can deal with. Be that as it may, the biggest normal square on the Bitcoin Cash’s blockchain in a couple of past weeks was just 162 kilobytes. In the analysis, it was right around 900 kilobytes if there should arise an occurrence of Bitcoin’s blockchain.

Cryptocurrency price tends to ascend in expectation of high effects, which is the thing that we are seeing this time too. At the point when Bitcoin Cash was piped-off of Bitcoin a year ago, Bitcoin prices ascended by a normal of 10% crosswise over trades in the two days paving the way to the event.

Bitcoin cash is still on the watch and all the bitcoin cash holders are on the high side thinking bitcoin cash will soon get to the topmost pick! What that supposed to mean to the entire bitcoin cash holder? Bitcoin cash has a brighter future for all the investors with the current high in price.

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Bitcoin

Forks Ahoy: Why We Will Probably See A Lot More Forks

by cryptocreed
written by cryptocreed

Forks Ahoy, why we will probably see a lot more forks

Why all these forks? I have been asking myself the same question for a while. With Bitcoin Cash in September and now the coming Bitcoin Gold, it seems that there is a number of people all looking to fork Bitcoin.

How an altcoin like Bitcoin Cash has amassed a 5.2 Billion Dollar market cap[1] (as of October 11, 2017) nearly overnight is quite a feat, and being that it is not much more than a Bitcoin clone that makes it even more impressive; but it begs the question: “With Bitcoin Cash, soon Bitcoin Gold, and certainly more on the way; what will become of all these forks and how will they affect Bitcoin’s price?”

 

For those who don’t know what a fork is, a fork is when somebody takes open source software (in this case it would be Bitcoin), changes it to their liking, and then releases it as an alternative to its original base (in this case it’s an altcoin). They are often created when a community is divided and splits, although in most cases most of the community sides in one direction and the fork eventually fade into obscurity.

 

Without getting into too much detail, Bitcoin Cash is a “fork” of bitcoin which increases the blockchain size to 8 megabytes and does not include segwit[2]. It was created because of the scaling wars that were going on over the summer and forked in august. fork ahoy Overall it really doesn’t change much else, but yet is holding value and people seem to expect that to stay the same. If you are interested in checking out Bitcoin Cash more then I would recommend you check out Bitcoin Cash’s Website: bitcoincash.org.

Without getting into too much detail, Bitcoin Gold is a “fork” of bitcoin that claims to try to further decentralize mining by implementing a new algorithm that will make it easier for an average user to mine Bitcoin[3]. That’s a pretty small change if you ask me, and yet people are still expecting it to hold a market cap.

So what am I getting at? Well, it seems to me that both Bitcoin Cash and Bitcoin Gold are pretty useless altcoins (or at least that is how it appears to me), but they both are expected to have a very large value. Once people start catching on I am guessing that tons of people will start trying to fork Bitcoin to get their own slice of this digital pie. With that happening, I think it will create a lot of instability in the Bitcoin community (and thus instability in Bitcoin’s price), which will ultimately hurt altcoins and make any future Bitcoin forks almost worthless. fork ahoy

 

Disclaimer: I (the author) do believe what I wrote, however, there’s always a chance that somebody is wrong, and I’m no exception. Please don’t rely solely on me for information or trading advice.

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Bitcoin

Lightning Network The Next Big Pump [Updated 2021]

by cryptocreed
written by cryptocreed

Could lightning be the start of the next big pump?

It’s been pretty crazy lately with all the volatility, but there’s I think that there’s a good chance that implanting Lightning Network could bring Bitcoin’s price up to and then help stabilize it.

It’s been pretty crazy lately in terms of Bitcoin’s price, from China’s ICO Ban to JP Morgan’s Jamie Dimon calling Bitcoin a fraud. While Bitcoin’s price has been hurting a little, the sudden change from a slow climb to extreme volatility has really been quite a ride. There are a lot of people who choose to “ride the wave” (including me) and I think there’s a light at the end of the tunnel: Lightning Network.

What Is Lightning Network

For those who don’t know, Lightning is an off-chain transaction method that will cheapen mining costs and allow instant transactions for those who choose to utilize it (for those who don’t everything will continue on normally).

For those who are interested in more of a read on Bitcoin Lightning Network, Bitcoin Magazine.com does a much better explanation of it and Medium.com has a good FAQ; so if you are interested in finding out all the details I would highly recommend checking both of those sites out.

I am pretty sure you knew more about What Is Lightning Network.

Benefits Of Lightning Network Bitcoin

So you might be thinking, “What does instant transactions do to help us?” So try to imagine paying for coffee with Bitcoin. If you tried you’d have to wait for a confirmation which would take a while (I know it’s quicker if you pay a ridiculously high fee, but even then it’s still a bit too slow to do a quick transaction), and if the cashier let you leave with zero confirmations then he or she would risk you double spending those Bitcoins.

This is when the instant transactions come in. Now when it is easier to spend Bitcoin in person for normal everyday purchases people will start spending Bitcoin in normal everyday purchases, something that is nearly impossible to do at the moment unless you have time to wait around for it to be confirmed.

Once people do start spending Bitcoin on everyday transactions then it will get more mainstream. As more and more people start using it others will get curious about what Bitcoin is, and some of them may get start using it as well.

In order to get Bitcoins, you have to buy them, which drives the price up. Then, as the price keeps going up and Bitcoin gets a much better user base it will become much more stable than the volatile price we are seeing now; and with that fewer people in positions of fame will bash it and governments will probably be more reluctant to try to ban it, further increasing its price and stability.

Lightning Network Wallet

There are two known lightning wallets in the market are BLW wallet and BlueWallet. You can search other than this the lightning apps. Or you can use other lightning network wallets then click here.

My conclusion: once we get past this upcoming fork and the storm of hate calms down a bit I think that there’s a lot of potential for Bitcoin’s price to grow (perhaps even double or triple in price), especially with the potential of Bitcoin Lightning Network, which could allow mass adoption to become much more plausible.

Disclaimer: I’m no trader, and while I (the author) do believe what I wrote there’s always a chance that somebody is wrong, and I’m no exception. Please don’t rely solely on me for information or trading advice.

Lightning Network Stats

Currently, there is 631 Number of Channels. Lightning nodes are about 350 to 400.

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