Bitcoin has continued consolidating near all time highs over the past week, with little price action. Hash rate is also essentially unchanged, while SegWit is on track for lock-in and activation sometime later this month.
All eyes were on the Bitcoin Cash (BCH) fork of Bitcoin, which occurred on August 1st. It’s had a few issues from the start. Initial hash rate was extremely low. BCH still needs several difficulty adjustments before miners are incentivized to switch from any profitable cryptocurrency.
Bitcoin has continued consolidating near all time highs over the past week, with little price action. Hash rate is also essentially unchanged, while SegWit is on track for lock-in and activation sometime later this month.
All eyes were on the Bitcoin Cash (BCH) fork of Bitcoin, which occurred on August 1st. It’s had a few issues from the start. Initial hash rate was extremely low. BCH still needs several difficulty adjustments before miners are incentivized to switch from any profitable cryptocurrency.
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