Back in 2017, it was planned to split the world-famous cryptocurrency into 2 parts. The reason for this was the increased popularity of virtual coins, which resulted in the need for users to wait a long time for the next transaction to be completed.
Sometimes the period reached several days, which served as the basis for the “bribe” scheme. For a certain reward, miners included transactions of wealthy cryptocurrency owners in a new block as a priority.
History of the emergence of a new type of cryptocurrency
The “birth” of Bitcoin Cash was facilitated by controversies about the moral obsolescence of the Bitcoin code. It was decided that a serious update was required, because the existing block size was no longer enough for fast, stable operation. Some suggested leaving the old chain, but gradually changing it, while others, on the contrary, insisted that drastic changes were needed, which were implemented.
What are the features of Bitcoin Cash?
- Firstly, the BitcoinCash cryptocurrency block size immediately increased to 8 MB.
- Secondly, the network complexity will change at a faster rate than, for example, in classic Bitcoin.
- Thirdly, it is planned to activate an updated protocol with backward compatibility (SegWit).
For those who are not aware, the Bitcoin block is planned to be increased to 2 MB, and the network complexity increases every 2023 mined blocks, as experts note, this is very slowly.
Price forecast
Experienced analysts note that the classic version of the cryptocurrency depends on the new coin, because users cannot yet finally decide where it is more profitable to invest. There is no need to perceive the second version of the coin as a “killer” of the first, it is just a branch. It is not worth investing in it to the maximum, all because after the end of the hype, the cost of virtual coins can decrease many times.
It should be noted that the current growth of the virtual coin is artificial, because the growth ceiling has already been initially designated. The secret is that speculators, wanting to sell the coin more expensive, create artificial excitement around it. You can buy it for dollars, euros, and if necessary, you can exchange Bitcoin (BTC) to Bitcoin Cash (BCH) using the service bestchange.com/bitcoin-to-bitcoin-cash.html. It is very useful in this regard.
What does the monitoring site offer?
The described service is the best in the entire internet, according to statistics, more than 90% of all exchange transactions are carried out using it. The monitoring functions consist of obtaining reliable data on the quality of services provided by exchanger sites whose names are included in the list. It also collects and displays up-to-date data on the state of reserves in the exchanger accounts. Rates are monitored around the clock, detailed statistics are provided not only for the sites themselves, but also for currencies and their balances.
The sites are sorted by the degree of profitability, if necessary, information is provided on how financial transactions are carried out. If we describe the monitoring site in more detail, I would like to start with the fact that its main page is divided into 2 parts. The first is represented by the central window, which displays the list of exchange offices, and the second is a block where you need to select the directions of exchange of virtual monetary units.
Monitoring favorable rates at bestchange is very easy to use:
- first of all, the user needs to decide on the currency that he needs to convert, then select the banknote desired to receive;
- when the direction is selected, we get acquainted with the proposed list, in which the items are placed in descending order of the rate’s profitability;
- you also need to pay attention to the exchange mode, reserve volumes, reviews. When you go to the conversion site, the transaction amount, personal data, and payment card details are indicated.
Another important point: before you apply for an exchange, make sure that the point has the ability to remove your needs, for this its reserve must correspond to the required volume.
