Definitely not a Scam: more than 50 percent Hasrat Bitcoin Cash controls one pool

The centralization of Bitcoin Cash has reached a new level — now half Hasrat cryptocurrency controls only one pool. According to experts CoinDance, mining pool BTC.TOP today responsible for 50.2 per cent Hasrat BCH. Its total capacity is 679 peachesa per second. BTC.TOP shares money with BTC.COM (257 of peachesa), ViaBTC (215 peachesa), AntPool (125 peachesa) and Bitcoin.com (187 peachesa).

Centralization as it is

Today the main topic of discussion in the Bitcoin community Cash is a high probability of an attack 51. Earlier cryptocurrency Roger Faith have not once criticized for being too centralized. The project has not passed the “stress test” an anonymous developer under the name Bitpico. The programmer found out that 98 percent of all the BCH node connected to one server, which could lead to a potential break-in.

The Central aspect of any decentralized blockchain is the ability to withstand pressure on the system and to prevent the intervention of any centralized organization. Attack 51 itself carries a great danger for the cryptocurrency, as it can totally destroy any project.

Recall another fork of Bitcoin Bitcoin Gold has suffered from the attack. 51 in 2018. Hackers for several days to re-spend coins BTG and the total amount stolen $ 18 million.

In some cases crossing the 50 percent barrier may occur unintentionally. In 2014, the GHash pool.io has “captured” more than half Hasrat Bitcoin. After a wave of disturbances in cryptocommunist the pool management decided to reduce their capacity so as not to undermine a lucrative business.

BTC.TOP can go on the same way. If a large miner will agree to reallocate processing power within the network of cryptocurrency, it will increase investor confidence in Bitcoin Cash. Otherwise, the BCH may be endangered.

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THE BITCOIN CASH HASH WAR CONTINUES – 265

https://www.podbean.com/media/share/pb-mvvcu-9f6324

Today’s episode we speak about the ongoing fork in the Bitcoin Cash protocol and who is currently leading the race to accumulate the greatest amount of hash power and become the dominant chain.

 

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

 

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

 

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

 

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IS BITCOIN CASH FORKING? – 263

https://www.podbean.com/media/share/pb-z968x-9f2b74

Today’s episode we discuss tomorrow’s contentious decision being made by the Bitcoin Cash miners on whether or not they should hard fork!

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

Follow us on Twitter: https://twitter.com/SVK_Crypto

Visit our website: http://www.svkcrypto.com

Email us: cstorry@svkcrypto.com

Telegram: https://t.me/SVKCrowd

SVK Crypto – Daily News Blog

An analysis of Bitcoin prices Cash: what is the probability of reaching the level of 1600 USD?

In recent days Bitcoin Cash (BCH) rose by 18%. This is the best figure among the top 50 crypto-currencies. At the moment Bitcoin Cash (BCH) is trading at 525 USD.

The main reason for the growth, many analysts say the IPO (IPO) of Chinese mining giant Bitmain, who from the beginning supported the idea of creating a Bitcoin Cash (BCH) and is actively promoting this cryptocurrency.

In fact BCH has increased by $ 100 in just a couple of hours. This indicates serious potential. In order to appreciate it in the long term, let’s look at the weekly chart.

If Bitcoin Cash (BCH) will be able to maintain the current dynamics, it is very likely that will draw weekly MACD cross, but if the alternative version of bitcoin will be able to break 650-700 and stay there, it is possible to predict the level of $ 1600.

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Yahoo Finance integrates the ability to buy and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash

Yahoo Finance has integrated the ability to conduct trading transactions with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) Cash and Bitcoin on its platform.

Although data on the price of these and some other cryptocurrencies (e.g. Ethereum Classic (ETC) and the EOS) is already present for some time on the platform, still not had the opportunity to purchase any of them.

Many analysts say that although Yahoo Finance did it without fanfare, it is nevertheless an important step towards the adoption of cryptocurrencies.

Option works only for US residents, as the purchase is through Coinbase or Robinhood.

BTC at the moment continues to trade slightly above the $ 7,000.

ETH is trading around $ 288 and for the last day fell by about 2 percent.

According to CoinMarketCap, LTC is currently trading in the area of 61.48 USD and the price for the last day did not change significantly.

As Bitcoin Cash, the cryptocurrency is trading around 548 dollars, and in recent days the price dropped slightly (by 1.25%).

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The launch regulated Bitcoin futures on Cash

Cryptocurrency trading platform Crypto Facilities has announced the launch of Bitcoin futures on Cash (BCH).

Crypto Facilities has gained prominence, when he entered into a partnership with CME Group to launch bitcoin futures December 2017. As for Bitcoin Cash futures, the company believes it is a logical step given that Bitcoin Cash is the fifth largest cryptocurrency.

The platform already offers futures on the bitcoin (BTC), Ripple (XRP), Ethereum (ETH) and Litecoin (LTC).

The company’s CEO, Timo Slifer commented on this event:

We are pleased to be expanding our line of crypto products. BCH is the fifth cryptocurrency with a market capitalization of about $ 10 billion, and we expect that our new contracts will contribute to the evolution of cryptocurrencies and will do this class of digital assets more transparent.

We will remind that in connection with the release of the Chinese company Bitmain IPO, which is heavily invested in Bitcoin Cash due to their assets in bitcoin, many analysts began to doubt the investment attractiveness of the asset.

Meanwhile, the developers of Bitcoin Cash this week released a new Protocol allowing to produce tokens for holding the ICO of Bitcoin Cash.

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Instacoin integrated Litecoin, and Bitcoin Cash Dash

Instacoin, a company that specializiruetsya on cryptomath announced the addition of their three new devices of cryptocurrency: Bitcoin, Cash, Litecoin, and Dash. Until that time, through a network of cryptomate Instacoin it was possible to conduct operations only with bitcoins.

Currently the company has over 90 cryptomate throughout Canada.

The company also said that in the near future intends to integrate Ethereum, and zcash for Monero.

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Google has added Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) to your currency Converter

One of the most convenient tools to quickly determine the exchange rate of a currency is a service from Google.

Until recently, however, from the diversity of cryptocurrency in the service was introduced only Bitcoin. Recently, Google added to its service three cryptocurrencies.

Now, in order to quickly find out the exchange rate for Ethereum (ETH), as well as Litecoin (LTC) and Bitcoin Cash (BCH) simply enter the name of the cryptocurrency in the search string.

Litecoin

Bitcoin Cash

Ethereum

By default, the service shows the rate against the local currency, but in the drop down menu you can choose any other Fiat currency.

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Crypto “currency”? Only 10% of the Cash Bitcoin is used as currency

According to the latest analysis Chainalysis 90 percent of the Bitcoin Cash actually is an investment and never changed owners.

The results of the study Bitcoin Cash in stark contrast with the situation in the Bitcoin market, where the ratio of the money supply in circulation and the investment is about 50/50 .

It seems that the number of users of bitcoin cash who use this cryptocurrency as means of payment is far less than among Bitcoin users.

1.5 million cash bitcoin is used for speculation and transactions. As for bitcoin, which are used for these purposes, their number is about 7.3 million… the Ratio of transactional money supply to the investment in bitcoin is 1:1, and in the case of bitcoin cash, the ratio is 1:10.

Bitcoin Cash traditionally positions itself as an “alternative” to Bitcoin, which gives users the ability to make cheaper and faster transaction. However, new research makes these statements is completely untenable.

This contradiction immediately became a subject of discussion in social networks. For example, at the call of one of the most prominent supporters of bitcoin cash, Roger the Faith to come to an event in Seoul dedicated to the use of cryptocurrency as a means of payment, the research firm BitMEX replied with a tweet with a link to the study Chainalysis and a hint of that Bitcoin Cash is far from becoming a real currency.

Chainalysis notes that the number of Bitcoin Cash is used for transactions actually decreased after the fork “, from 15% in November 2017 up to 7% in April 2018,” while the number of bitcoins, which is owned by individuals for speculative or transactional purposes has increased:

This is probably due to the fact that bitcoin cash appears in an increasing number of exchanges that allows people to sell their assets in the currency. As a result, these funds were in the hands of investors and not people who intend to use them for calculations or speculations.

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Of fee in the Bitcoin network is temporarily lower than transaction fees in the Bitcoin network Cash

Charges for transactions — a hot topic for debate in the world of cryptocurrency. Especially large-scale battles unfolding around the comparison of Bitcoin with Bitcoin Cash. Oil poured into the fire, fresh screenshot, which clearly shows that the fee of Bitcoin temporarily drops below the cost of their transactional Bitcoin Cash. Of course, the phenomenon was temporary, and at the moment, the situation looks different.

In a direct comparison of the size of the commissions BTC and BCH , it seems that there is no competition and can not be. Transaction cost Bitcoin Cash has always been much lower in comparison with the commissions in the network leading cryptocurrency. In fact, charges in the BCH is not changed for a long time, what can be said about Bitcoin given its volatility.

However, situational screenshots tell a different story. Tweet user Ven Verret informs the Commission BTC was lower than BCH for six hours. However, for a couple of hours of fee in the Bitcoin network has increased again. What are these leaps remains a bit unclear.

The main question is how the situation will develop further. In particular, the need for faster and cheaper transactions, Bitcoin increases. Lightning Network is designed to help with this. However, the technology is still in beta stage, and the “official” release yet to be announced.

The network of Bitcoin is the high transaction fees, and the situation will not change soon. In this issue of Bitcoin Cash is clearly the leader. But we should remember that Bitcoin has the highest market capitalization, and the Bitcoin Cash remains Aldona.

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