After Bitcoin Cash(BCH) listed on Coinbase, the price has been sky-rocketed by 70%. As the first fork of Bitcoin, BCH shows potential to surpass Bitcoin. Bitcoin's price has been dropped in 5 days below $15000 based on BitFinex's data. Comparing to the highest $19891, Bitcoin has dropped by 25%.
Roger Ver tweets constantly about"Bitcoin Cash is the true Bitcoin." This is a rather dedicated promotion by Roger Ver.
Co-founder of Bitcoin.com Emil Oldenburg has blasted the cryptocurrency as the “most risky investment you can make" after he sold all his Bitcoin to Bitcoin Cash "I've actually sold all my Bitcoins recently and switched to Bitcoin Cash." Bitcoin Cash has replaced Etherum as No.2 cryptocurrency recently. Even being accused of his mixed motives can't stop his promotion toward BCH.
The reason why Bitcoin Cash has become No.2 cryptocurrency is because people have had enough of Bitcoin‘s high fees and long confirmation time． If you sending someone $500 worth Bitcoin，transaction fees will take your outrageous $144! With such high fees, Bitcoin already has nothing to do with Satoshi's original wish. Bitcoin is nothing more than a toy for rich.
Bitcoin’s transaction fees will be doubled every quarter, It takes 4 or 5 hours to confirm. Imagine if you are buying a $20 worth pen using Bitcoin, you will need to pay $26 for transaction fees, this is just unacceptable.
The main issue of Bitcoin is scaling， Bitcoin Core team is too conservative to be able to finish scale． Which turns into the month of forks．Bitcoin＇s problem is obviously， and every fork is saying they will fix them．But it is hard to tell about their motives．Today we will introducing some of the promising projects．
CARDANO（ADA）
CARDANO is developed by former CEO of Etherum． CARDANO did better than Etherum in their fundraising stage． Indicates that CARDANO could be more popular．
CARDANO is the first decentralized platform based on Haskell， it solves the supervising problem meanwhile still be able to protect user's privacy．
CARDANO will release beta in Q1, 2018. The user will be able to build applications on CARDANO, CARDANO may grow rapidly．Due to the Bitcoin price drop, CARDANO dropped by 20%.
BitcoinX（BCX）
Comparing to those relatively “centralized” projects like Bitcoin Cash or CARDANO， Team BCX is way more mysteries. But if you give it some thought， you may find that the more decentralized the safer.
BCX is a fork of Bitcoin at block 498888. BCX has drawn tons of attention from public and industry since it's announcement. Bcx supports Segwit, replay protection, unique address format, lightning network, DPOS consensus algorithm, zero knowledge proof. BCX provided the most comprehensive features among other Bitcoin forks. Block interval is only 2 minutes with 2M block size could hold up more transactions.
The most interesting part is 210 billion total supply, but if you think about it, of course, this will be hated by some “Pro” Bitcoiner, but this is benefiting Bitcoin in the long run. Bitcoin has only 21 million total supply, which is simple not enough for its purpose and users' increasing need.
For any users of Bitcoin, appropriate total supply can assure the price won't get too expensive. This is a needed upgrade for Bitcoin.
Also keep in mind that BCX supports smart contract, it gives BCX the ability to help traditional industries to decentralization. BCX can adopt tp almost every existing platform and network. Different kinds of application like supply chain, IoT, gaming and more.
American writer Bill Keck once comment on BCX “In fact, if BCX takes off, it will eclipse Bitcoin Cash in market cap, which will certainly be an unintended consequence of the original fork.”
After being listed on major exchanges including Huobi.pro, OKEX, KEX and more, BCX is apparently doing well, especially comparing other forks. According to Huobi.pro, BCX jumps 553%, the current price is about $0.08, total transaction volume hits trading volume hits $30 million.