The bitcoin cash network continues to grow with an
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For more follow the link below. Just recently businesses and service providers have been working towards changing their the bitcoin cash network continues to grow with an 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 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.
Bitcoin cash has the sixth highest the bitcoin cash network continues to grow with an 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. 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 counterparty platform dedicated solely to the BCH chain. Another announcement made this week was revealed the Kimchi Socks company as the the bitcoin cash network continues to grow with an announced it would be accepting bitcoin cash for purchases.
Not only will the sock company be accepting BCH for goods the firm plans to have a bitcoin cash sock pre-sale. Kimchi Socks states to its fans on Twitter: Kimchi socks has started the BCH socks sale and pre-orders for socks are 50 percent off until January The company details that only garments will be available for the pre-sale.
Another announcement made this week concerning the BCH economy was made by the mining pool outfit the Bitclub Network. We will continue to mine bitcoin and pay all mining earnings in bitcoin — However, we will no longer be accepting bitcoin for payments and all commissions will also be paid in bitcoin cash as well. Bitclub will change its business model to BCH on February 1st the company explains. At some point, the company could move back to the core network if developers happened to come up with a scaling solution, but for now Bitclub will maintain operations using bitcoin cash because it is considerably cheaper for everyone involved.
Overall the past six months have been good for bitcoin cash and its supporters. Since the beginning of August the currency has climbed in value exponentially. In addition, development has been happening regularly between the last successful hard fork and the recent address serialization change. Many wallet providers have been updating to the new address format and a lot more will convert on January Further, BCH proponents have witnessed the flurry of support from large businesses like CoinbaseBlockchain.
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