Bitcoin cash is managed by a group of developers who wanted to go further than the SegWit protocol by expanding the size of a "block" in which transactions are processed from 1 MB to 8 MB. The latter allows for relatively faster processing of the number of transactions per second for bitcoin cash.
According to the coinmarketcap.com site, the classic bitcoin is still the world's largest cryptomint, with a market value of $ 71 billion. But bitcoin cash was trading at nearly $ 8 billion on Friday.
Since Thursday afternoon there has been a sharp rise in bitcoin cash from $ 300 to $ 465, to 850 $ a 100 percent increase in less than two days.
This means that Bitcoin Cash has grown in market value on Friday, compared to the Ripple cryptomint, and is in third place in the crypto market. The distance with the number two, ethereum, is still high, because it has a market value of about $ 29 billion.!
1 Bithumb BCH/KRW $1,441,250,000 $869.47 39.90%
2 Coinone BCH/KRW $396,201,000 $867.72 10.97%
3 Korbit BCH/KRW $310,169,000 $856.31 8.59%
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