13 Nov '17, 2am

A Tale of Two Bitcoins: Where Bitcoin, Bitcoin Cash are Headed

A Tale of Two Bitcoins: Where Bitcoin, Bitcoin Cash are Headed

This is a tale of two Bitcoins. After a fork in August that created Bitcoin (BTC) and Bitcoin Cash (BCH), we have reached yet another crossroad. While another hardfork was planned around middle of November to boost Bitcoin’s block size, this fork is now dead in the water . The lack of consensus among the Bitcoin community was cited as the reason for abandoning the so-called SegWit2x plan. Abandoning the fork lifted the Bitcoin price from $7,200 to $7,800 as traders realized their worst fears (an ugly chain split) would be avoided. However, excitement hasn’t lasted. Bitcoin is now trading at around $6,000 at press time, as traders and investors fear that SegWit by itself will not create enough capacity to scale. Indeed, at the time of this writing, there are over 140,000 unconfirmed Bitcoin transactions. Bitcoin Cash was the surprise winner in all of this, at least temporar...

Full article: https://cointelegraph.com/news/a-tale-of-two-bitcoins-whe...

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