The well-known cryptocurrency investor strikes an upbeat tune about Bitcoin Cash (BCH) despite its steady decline in price in the wake of recent hard fork that he called an upgrade.
Bitcoin Cash, launched on August 1, 2017 as a result of dividinng Bitcoin, is making several upgrades today. The most sufficient changes are increasing of the maximum blocksize from 8 to 32 MB, adding or reactivating several Bitcoin script operation codes.
Upcoming August 1 Bitcoin split causes seven percent drop in BTC and ETH prices to below $2,500 and $200 correspondingly.
Once the decision of the Roundtable discussion appeared, bitcoin price shot up.
BitFury advocates the block size increase to be implemented correctly and with minimum risk.
Bitcoin Classic can be a way out of endless discussions about the possibility of bitcoin block size increase.
Bitcoin Classic has already been backed up by most bitcoin mining pools, companies, and experts.
The letter aiming at uniting all bitcoin supporters has been signed by many of the virtual currency developers.
Bitcoin is only as trustworthy and safe as the software behind it, and nowadays, the Bitcoin community is experiencing various issues related to it.