Bitcoin Cash resumed its bullish trend on BCH hard fork is scheduled to be held on 15th of this month. BCH began its bullish trend on 6th April’s from its lows of $600.1 and, trailblazed its way through April to its prevailing price at $1481, currently slightly edgy.
Let’s suppose, someone wants to offer some value to someone else, and the other person is willing to pay for it, then the person who wants to offer sends you bitcoin cash. No middleman and low fees. It would seamlessly and instantly be done, this’s the concept of bitcoin cash.
Currently, one of the top 5 cryptocurrencies by market capitalization, Bitcoin Cash - itself invented and developed in a fork from Bitcoin last year - is now slated for a hard fork on May 15th. In this post, we look at the key protocol changes to be introduced and their likely implications.
So, for now, the prime focus is on Bitcoin Cash ecosystem right now as it ventures into this major upgrade in the near future. A number of features would be deployed through this software upgrade. Potentially, the vital modifications are proposed for BCH in this hard fork and beyond to be mindful of.
The most likely well-known change is the increase of Bitcoin Cash's block size to 32MB, a quadruple increase from the existing 8MB block size. This block size increase will supposedly allow for an increased amount of transactions per block in instances of increased demand. Nevertheless, pragmatically, BCH is presently not optimally utilized enough to foresee the differences of bigger blocks.
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