Over the past few weeks, there’s a lot going on within the bitcoin cash (BCH) ecosystem. Just recently businesses and service providers have been working towards changing their infrastructure to the new BCH address format. Additionally, the bitcoin cash environment got more support from organizations like the Bitclub Network and the merchant Kimchi Socks.
The Bitcoin Cash Ecosystem Shows Enormous Growth In Just Six Months
The bitcoin cash blockchain is trucking along after close to six months since it forked from the bitcoin core blockchain. At the moment, the BCH markets are holding strong after most cryptocurrencies fell in value alongside bitcoin core markets. Currently, the price per BCH is around $2,750 and global markets are trading roughly $1.1Bn worth of 24-hour volume. Bitcoin cash has the sixth highest trade volume today, and the most traded currency with BCH is bitcoin core (BTC) by 53 percent. This metric is followed by the USD which commands 14 percent of the global volume. The BCH chain is operating at 15 percent of the core chain’s difficulty and is 0.1 percent more profitable to mine. The median transaction fee for a typical 226-byte transaction is still only $0.02 for the miner’s fee.
Colored Coins and Colorful Socks
This week bitcoin cash supporters got some good news as a few more organizations have decided to support the BCH roadmap. For instance, earlier this week a team of developers announced they were creating a Read More Here