The anniversary of the blockchain split that took place on August 1, 2017 is just two weeks away. Over the past few months Bitcoin Cash (BCH) infrastructure support and development has been exponential, while BCH proponents have also seen a bunch more announcements during the second week of July.
Also read: Have You Tried Blockchain 5.0 Yet? Nobody Else Has Either
The Bitcoin Cash Network Has Seen Massive Infrastructure Support and Steady Development Over the Last Year
A lot has changed since August 1, 2017, and in two weeks the Bitcoin Cash community will be celebrating the blockchain split. As of today, the BCH chain has seen over 60,000 blocks mined since the first hard fork, and since then the network has seen two more upgrades. The first upgrade changed the decentralized currency’s Difficulty Adjustment Algorithm (DAA), and the second fork upgraded the block size from 8 MB to 32 MB. Further, the BCH developers re-enabled a few Satoshi OP_Codes and increased the data carrier size which added a bunch of new features to the protocol.
The Fourth Largest Market Capitalization and the Fifth Highest Trade Volumes
Since the DAA was fixed, the BCH chain’s difficulty has been running perfectly and on July 15 the chain is operating at 12.69% of the bitcoin core’s (BTC) difficulty. Markets have done extremely well over the past year as well. BCH was averaging $300 per coin during its first week, now the token is worth $726 seeing a 142 percent increase. The digital asset commands a whopping $12.4Bn market valuation and with $320Mn traded over the past 24-hours, which puts BCH at the fifth position out of 1600+ other coins by trade volume. The top five BCH exchanges today include Coinex with $55Mn in volume, Okex
