March 2024 Crypto Outlook: Bitcoin Cash (BCH) Slumps, Cronos Coin Value Fluctuates, and BlockDAG’s $3.2M Presale Captivates Investors
Mar 2024: BCH & CRO surge! Explore top cryptos to buy. BlockDAG’s Crypto Card offers zero fees & robust security.
$387
1H
1.45%$5.53
24H
-2.85%$11.36
7D
-12.3%$54.06
30D
45.5%$121
Bitcoin Cash (BCH) is peer-to-peer digital money for the Internet. It sprang out on August 1, 2017, when bitcoin network was officially forked into two separate blockchains creating two cryptocurrencies – Bitcoin and Bitcoin Cash (BCH) respectively.
The main reason for the fork to take place was scalability problem – the original Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second. Although it was technically simple to raise this limit, crypto enthusiasts failed to reach any consensus, even after years of robust debates.
A new cryptocurrency is thought to be backed by a version of the blockchain that boasts a unique technical roadmap. In particular it means adjustable blocksize limit with an increased default of 8MB, replay protection and protection against hashrate fluctuations, improved hardware wallet security, and upgraded consensus rules.
Requiring no third parties in order to operate, Bitcoin Cash is fully decentralized and resistant to any political or social effects on protocol development.
Mar 2024: BCH & CRO surge! Explore top cryptos to buy. BlockDAG’s Crypto Card offers zero fees & robust security.
There is huge hype in crypto market nowadays where every surge sends ripples of excitement throughout the market, a new player has emerged, ready to seize its moment in the spotlight.
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