The future of Bitcoin Cash is not very promising

Contrary to the 200% increase in value just one day after the break, by the second day on the market, Bitcoin Cash has started falling.

Observers have expressed little optimism about the future of this fledgling virtual currency.

Updated from Coin Market Cap, Bitcoin Cash has lost 50% of its value from $ 756 to around $ 449, which has dropped below $ 310.

Bitcoin Cash's long-term future is currently limited due to the transaction size of the blockchain chain.

By November 2017, if the original Bitcoin copper trading limit was limited to 2MB, Bitcoin Cash was unlikely to attract a large amount of trades. In addition, the currency did not receive much support from major virtual currency exchanges, including Coinbase declined to say.

Difference between Bitcoin and Bitcoin Cash

• The fundamental difference between Bitcoin and Bitcoin Cash is the volume of transactions.

The majority of Bitcoin supporters plan to split some data outside the Bitcoin network to increase its capacity and then increase the transaction capacity to 2 megabytes. This will be the major Bitcoin coin accepted by most major virtual currency exchanges around the world.

However, some Bitcoin mining groups are still not satisfied with this proposal, including the founders of Bitcoin. They proposed the Bitcoin Cash, which retained all the principles of the original Bitcoin copper, kept the data but increased the transaction limit to 8 megabytes. The price of Bitcoin Cash on the market is $ 280, equal to one tenth of the Bitcoin price before the split.