It's happening. The anticipated war between Bitcoin and Bitcoin cash has begun, and it's intensifying. And this is different from the war in the Bitcoin community over making Bitcoin scale via Segwit2x, and threats of new hard forks down the road.
When bitcoin forked on August 1st to birth bitcoin cash, no one had an idea it would be what it is today. Sure, some analysts and people familiar with the crypto market were bullish about its future and said it could rival bitcoin itself but the prevalent feeling among investors who got bitcoin cash tokens was that the new kid is worthless.
The world's most valuable cryptocurrency, Bitcoin, hit $3,600 today, the highest it has ever been since it was first mined in 2009. This doesn't seem to surprise many as bitcoin has been on the rise in the past few weeks. The coin is expected to continue rising in the future, fulfilling the $5,000-before-December prophecies that are thrown around.
Bitcoin is a kind of digital currency which is heavily protected by encryption technology. The technology is used to regulate the generation of units of bitcoin and also to verify the transfer of funds on its network.
Am I ready for Bitcoin Cash? How much will I make on Bitcoin Cash? Bitcoin Cash tokens are finally here and many crypto investors are expected to have a piece of the cake but not all will. This is because cryptocurrency wallets will be treating the hard fork in a different manner.
Digitization and cashless transactions have triggered the popularity of mobile app payment services and most recently Bitcoins among the young adults. These modes of payments, especially Bitcoins, are most likely to give a tough competition to the Banks and other traditional financial institutions.