Bitcoin

How Bitcoin Cash's Emergency Difficulty Adjustment is affecting hashrates and mempools of Bitcoin and Bitcoin Cash

I want to know the effect of Bitcoin Cash's Emergency Difficulty Adjustment (EDA) on Bitcoin (BTC) and Bitcoin Cash (BCH). The discussions between BCH fans and BTC fans are quite polarised and there's a lot of insults going around. It is hard to get a handle of what is really going on. 

The Bitcoin network is getting really congested and this time, it is a serious worry

DISCLAIMER: None of this is financial advice specific to you. I could be wrong so you have to do your own research to find out what's best for you. 

TOPIC: Bitcoin | Bitcoin Cash | Bitcoin Death Spiral

Bitcoin is around its highest valuation but there is a worrying trend. Bitcoin's Network is getting really congested. There are currently 85900 Unconfirmed Transactions. The following shows the aggregate size of transactions waiting to be confirmed. 

Transactions are cheaper and faster with Bitcoin Cash than Bitcoin

From a user's perspective, I would want cheaper transaction costs if I were to use a cryptocurrency to buy a good or a service or even maybe another cryptocurrency. 

I would also want that transaction to be approved quickly. 

If we compare Bitcoin (BTC) with Bitcoin Cash (BCH), here is what we see:

TRANSACTION FEES OF BITCOIN AND BITCOIN CASH COMPARED

Hoax that Vitalik Buterin's died crashed Ethereum's Price

A hoax published on two websites* that the founder of Ethereum, Vitalik Buterin, has caused holders of Ethereums to panic and sell their Ethers. Mind you, there had been a pre-existing sell-off prior to the fake news. The hoax articles claimed that Buterin died from a car accident, along with a friend. 

China is on track to be the first nation to have its own cryptocurrency

According to an article in the Futurism, "China’s central bank — the People’s Bank of China — has developed a prototype of a cryptocurrency that it could end up in circulation in the near future. It would be introduced alongside the China’s primary currency the renminbi (also called the yuan). 

Bitcoin, Ethereum and the Crypto Market are all 'crashing'... supposedly

Today, (Thursday, 15 June)  prices for Bitcoin, Ethereum and the majority of Cryptocurrencies are nosediving. It started yesterday, actually. I tried searching for what the reason could be. So far here are potential contributors:

1. There is an announcement that some mining company is going to fork Bitcoin. 

So what? They split Bitcoin, then you just choose which version you like right? It is no reason to panic now. 

2. Some politicians in Europe and America want to regulate Bitcoin and Cryptocurrencies.

Subscribe to Bitcoin