BTC $41874.12 (-4.4%)
ETH $2896.71 (-6.5%)
USDT $1.00 (-0.0%)
BCH $484.37 (-4.1%)
BSV $127.47 (-1.2%)
LTC $144.71 (-5.3%)
BNB $334.57 (-4.9%)
ADA $2.11 (-5.3%)
DOGE $0.20 (-2.6%)
BTC $41874.12 (-4.4%)
ETH $2896.71 (-6.5%)
USDT $1.00 (-0.0%)
BCH $484.37 (-4.1%)
BSV $127.47 (-1.2%)
LTC $144.71 (-5.3%)
BNB $334.57 (-4.9%)
ADA $2.11 (-5.3%)
DOGE $0.20 (-2.6%)

Bitcoin Cash Hard Fork Draws Near as BCHN Increases

Bitcoin Cash Hard Fork Draws Near as BCHN Increases

Bitcoin Cash’s hard fork is about to arrive on schedule as miners aggressively mine using Bitcoin Cash Node (BCHN).

The anticipated Bitcoin Cash (BCH) upgrade is just a few weeks ahead from now. This semi-annual hard fork on November 15 aims to provide users new feature benefits. Hence, making the BCH platform a more reliable network with faster block timing confirmations.

BCH’s hard fork is due to the tension that is happening in the BCH community. It started when the discussion heated upon the Bitcoin ABC development team involvement in many controversial issues.

The issue includes Infrastructure Funding Proposal (IFP) and the adaptation of Jonathan Toomim’s ASERT Difficulty Adjustment Algorithm (DAA). As a result, the Bitcoin ABC decided to part ways with the project and go their own way. The new project is to be fork this month of November.

These events made Bitcoin Cash City Conference react in a tweet post:

Source: Coin.Dance
Source: Coin.Dance

Furthermore, as the hard fork event comes closer, the percentage of Bitcoin Cash node (BCHN) has increased. In the chart above, 735 blocks out of 1000 are mined using the BCHN. On the other hand, trading platform Poloniex offers trading pairs USDT/BCHA and USDT/BCH ahead of the forking event.

Moreover, BCH is one of the many cryptocurrencies that have great potential. The crypto is predicted to go over $300 to $400 in 2020. Today, the crypto is still in the top 10 cryptocurrencies in CoinGecko. Hence, making it one of the stable and profitable crypto to invest in the years to come.

A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.