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Bitcoin Cash News: Upgrade Lead To Hard Fork? - Global Coin Report
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Bitcoin Cash News: Upgrade Lead To Hard Fork?

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Recent Bitcoin Cash news that has announced a November protocol upgrade has led to a serious difference in opinion. In fact, things got so heated that many are wondering whether BCH will have to go through a hard fork as a result. So far, the community has classified all the network changes as only recommendations, instead of ‘a consensus’.

The changes that are ‘recommended’ include enforcing a minimum transaction size, enabling two new opcodes, removing topological transaction order constraint, enforcing a new rule called “push only” for scriptSig, as well as enforcing canonical transaction order, and a rule called “clean stack”.

Bitcoin Cash news leads to a civil war

After the Bitcoin Cash news of the upgrade was announced, a large dispute followed. At it center, there is Bitmain Technologies, with its co-founder Jihan Wu. Against Bitmain, there is CoinGeek, which is led by Calvin Ayre.

The new update is scheduled to arrive on November 15th. However, as this date approaches, tensions are only getting higher from both sides. Each of the mining giants has their own ideas for the software update, with Bitmain claiming that the network should allow developers to create new tokens, as Ethereum’s does. Additionally, Bitmain wants a token burn, which is an idea also backed by Roger Ver, who is also known as ‘Bitcoin Jesus’.

As expected, CoinGeek is against these ideas, and it started rallying behind another software upgrade, going by the name of Bitcoin SV. This would revert the network back to some older characteristics, which were a part of Bitcoin’s original network. Additionally, it would increase Bitcoin Cash block size to 128 megabytes. Basically, the block size would quadruple in size.

Is hard fork the only solution?

So far, the dispute seems to be an unsolvable issue, except via a hard fork. Both sides wish BCH to change in accordance with their own wishes, and in the meantime, the consensus is still not achieved. November upgrade approaches quickly, and if the solution is not found soon, the fork can definitely be expected.

This is why Bitcoin Cash community needs to make a choice before the time runs out, and the deadline arrives. Whatever happens in the end, the current situation puts Bitcoin Cash at the center of yet another dispute.

Many are also wondering how will this Bitcoin Cash news affect the coin’s price? It is no secret that BCH has suffered a lot due to this year’s bear market, which is something that it has yet to recover from. Its price has dropped from over $4,000 in January to its current $517.50.

Recent predictions seem to be optimistic, with some of them even claiming that BCH might hit $6,700 before the year ends. However, if things do not get resolved, and a hard fork is performed, this might never happen. In the end, it all comes down to the community and its decision.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Why Bitcoin (BTC) Revival is Likely to Continue

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Bitcoin (BTC) revival
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The cryptocurrency market has been doing rather well in 2019 — certainly much better than in 2018. More than a year ago, the market crashed from its all-time high, and in the months that followed, it lost over 80% of its market cap. Bitcoin (BTC), as the leading digital currency, also dropped from $20,000 per coin to barely $3,200 in 2018.

These days, however, the situation seems to be turning, with digital currencies seeing significant growth in prices ever since mid-February. While January stopped the drops, February is the month when the market once again started seeing gains, and this kind of behavior has continued to this day. But, what does this mean for the future? Is this a passing trend, or is the crypto winter truly over?

The revival of Bitcoin

Questions such as the short-term future of Bitcoin are on many traders’ and investors’ minds right now and have been ever since the prices started growing again. A well-known Futures Now trader, Jim Iuorio, recently stated that Bitcoin would start seeing massive profits if it surpasses the price of $4,045. That was, of course, before the coin surged by around $1000 in the last week.

However, Iuorio’s prediction was that BTC is unlikely to go below $3,820, while the growth beyond $4,045 would mean massive gains for those involved with the industry. Soon after this prediction…

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Bitcoin

How to Become a Millionaire without Risking Everything with Bitcoin

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Bitcoin
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It’s been well over a year since the crypto market reached its peak and then crashed, dropping to such lows that most of the coins lost anywhere between 80% and 95% of their value. A few of them lost even more. Of course, this was not enough to eradicate the crypto market, and the bulls are still as optimistic as ever, especially these days, when Bitcoin price surges again, taking the rest of the market with it.

Some predictions claim that Bitcoin will reach its own glory days within a year or two, and there are even speculations that the largest cryptocurrency might spike up to $100,000 per coin. One claim from last week even sees BTC hitting $400,000, as the highest price which someone was brave enough to predict.

While it is certainly possible — at this point, pretty much anything is — not everyone is willing to take such a gamble and invest their hard-earned money into a risky asset such as digital currencies. With that in mind, here are three alternatives that are considerably safer than Bitcoin and the altcoins.

1. Investing and re-investing in stocks

A lot of people — especially younger generations — find stocks to be incredibly boring. Most of the time, all you do is invest, and use the returns for re-investing in high-yielding shares. However, while boring will not…

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The Best Time to Buy Bitcoin (BTC) Approaches

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Ever since 2019 started, the bear market of 2018 has been losing momentum, with the bulls emerging numerous times in short intervals. This was the beginning of a crypto recovery, which still has quite a long way to go.

However, last week, Bitcoin saw massive growth in transactions, reaching a 14-month high. These were the levels that were previously seen back in 2017, as BTC approached its highest point in terms of price. The growth also reflected strongly on BTC price, which spiked yesterday from around $4.100 to the current $4,672.

Meanwhile, Bitcoin market cap followed as well, currently sitting above $82.3 billion, while the trading volume exceeded $14.5 billion.

What caused the growth?

While this is an exceptional growth, and potentially a start of the bull run that everyone was waiting for, it did not come without a cause. One of the reasons why BTC surged was last week’s Weiss Ratings report of multiple different cryptocurrencies. The report’s authors even stated themselves that the best time to invest might be very near at this point.

Weiss Ratings has done reports about specific coins in the past as well, and this time, they noticed a significant improvement in coins’ performance. The report mentions growth in user transaction volume, network capacity, as well as network security, which the authors took as an improvement coming from the evolution of the…

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