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Thursday, August 3, 2017

Bitcoin cash is already the 3rd-largest cryptocurrency

Bitcoin cash is already the 3rd-largest cryptocurrency

Bitcoin cash has secured its place as a top cryptocurrency within a day of entering the marketplace.


According to Coinmarketcap.com, the cryptocurrency is trading at about $490 a coin, and its market cap now stands above $8 billion. As such, it is the third-largest cryptocurrency by market cap, surpassing big-name coins such as Ripple ($6.7 billion) and Litecoin ($2.2 billion).


Bitcoin cash came to fruition Tuesday after it split from the original network that powers its crypto-cousin, bitcoin. The split was preceded by a multiyear war among bitcoin power brokers over the rules that guide the digital currency's network.


Supporters of the newly formed bitcoin cash believe the currency will "breath new life into" the nearly 10-year-old bitcoin by addressing some of the issues facing bitcoin of late, such as slow transaction speeds.


Full story at http://read.bi/2uYGtqF


Source: Business Insider Nordic


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