Bitcoin Cash is a new digital currency that was created in August this year from a Bitcoin fork. While it is just another modified cryptocurrency, Bitcoin Cash has been attracting a lot of interest. Its value has surged and is more than the net worth of its investors and users. The rising price is also creating incentives for coin miners as they can dedicate their computer processing time to Bitcoin Cash’s blockchain.
Industry experts say that with the rise in value there could be adjustments on Bitcoin Cash which would make it easier to mine. Some miners believe will be able to make almost double the amount they make on Bitcoin by going for Bitcoin Cash. The Bitcoin blockchain charges higher fees on transaction whereas Bitcoin Cash transactions have very low fees. As of now, Bitcoin Cash is trading at around a value of USD 400 per coin. This makes it the fourth-largest cryptocurrency by market cap right now. However not all exchanges support Bitcoin Cash.
The top three bitcoin exchanges in India viz. Zebpay, Unicoin and Coinsecure have decided not to support Bitcoin Cash. Unicoin has paired with a bitcoin payment company to allow India based workers, employees and businesses to receive faster payments. It has decided not to support any short and weak chains.
Coinsecure on the other hand has decided to serve the most used chain. If Bitcoin Cash becomes the most dominant coin then it will be serviced. If users want to use Bitcoin Cash then they must empty their wallets. Protection of funds is the top priority for these exchanges.
In summary, Bitcoin Cash is seeing huge gains against the dollar after it was split from the bitcoin. Its founders claim that it runs on a secure and reliable network without any congestion and it uses the world’s most robust blockchain technology.
Industry experts say that with the rise in value there could be adjustments on Bitcoin Cash which would make it easier to mine. Some miners believe will be able to make almost double the amount they make on Bitcoin by going for Bitcoin Cash. The Bitcoin blockchain charges higher fees on transaction whereas Bitcoin Cash transactions have very low fees. As of now, Bitcoin Cash is trading at around a value of USD 400 per coin. This makes it the fourth-largest cryptocurrency by market cap right now. However not all exchanges support Bitcoin Cash.
Indian Bitcoin Exchanges
The top three bitcoin exchanges in India viz. Zebpay, Unicoin and Coinsecure have decided not to support Bitcoin Cash. Unicoin has paired with a bitcoin payment company to allow India based workers, employees and businesses to receive faster payments. It has decided not to support any short and weak chains.
Coinsecure on the other hand has decided to serve the most used chain. If Bitcoin Cash becomes the most dominant coin then it will be serviced. If users want to use Bitcoin Cash then they must empty their wallets. Protection of funds is the top priority for these exchanges.
In summary, Bitcoin Cash is seeing huge gains against the dollar after it was split from the bitcoin. Its founders claim that it runs on a secure and reliable network without any congestion and it uses the world’s most robust blockchain technology.
