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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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