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A couple of weeks ago, I wrote an article about the congestion in the Bitcoin Network.
A week later, the mempool and the unconfirmed transactions that piled up over days just seemingly cleared up in an instant.
Does anybody know how or why Bitcoin's mempool got cleared up today in an instant?
Also, Bitcoin Cash's Difficulty Adjustment was easier than normal today so it should have worked in its favour. Why then was there more hash power being diverted to the Bitcoin network.
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.
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.
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
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.
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