Business

BCH BlockChain Network – From 20k To 687K Per Day.

The First anniversary of  BCH was celebrated among its community all around the globe as an extremely important year as the milestones generated for its development has been completed before the pre scheduled deadlines. On its anniversary, the BCH miners processed over 197,000 transactions and on the 2nd day of its anniversary i.e on yesterday the BCH network processed a whopping 687k transaction more than BTC’s record-setting day (12-14-17) of 490K with a network fee much lesser than its core network (Bitcoin Network).

With the new goals planned for Bitcoin Cash in 2019, its expected to bring more mobile apps, more merchant payment solutions, more personal finance and bitcoin investment tools with working to achieve freedom from state, control over data, privacy and full ownership of currency for the community. There’s a list of new proposals and guidelines pre-proposed by the BCH network developers to be completed before its second anniversary. The one feature to see soon is the implementation of Smart contact tokenization protocol enactment on the Bitcoin Cash ‘BCH’ blockchain that has been proposed by the developers of ‘Bitmain’. This new protocol feature also called Wormhole is based on the Omni Layer Protocol alongside with OP_Return and the increased data-carrier-size firstly introduced through a WeChat group without having to change the existing development codes thereby to create a smart contract solution using the BCH BlockChain technology.

Bitcoin Cash was born with the blockchain’s original idea of developing a digital currency with decentralisation and permissionless innovations. This whole new concept of smart contract solutions uses an open source decentralised license, the bitmain developers are currently deciding to fork it to implement new features and achieve token security. The Wormhole uses two-layer security protocol, the first one would be based on the BCH node blockchain while the second one would be using its own nodes independently.

Currently, Bitcoin Cash ‘BCH’ is trading at a price of around $712.4 USD which is 6.36% less than yesterday. However this price is attributed considering the major decline of the crypto market today followed by the number of increased transaction on the BCH network from 20K to 687K per day.

Leave a Comment

Your email address will not be published. Required fields are marked *