Bitcoin Cash registers 83% increase in price in a day, becomes #3 cryptocurrency
Bitcoin Cash (BCH) price rose to $576 in a day and became #3 cryptocurrency in terms of market capitalization of $9.4 billion.
What is Bitcoin Cash (BCH) :
Bitcoin Cash (BCH) is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks. Also BCH will adjust the difficulty every 6 blocks as opposed to 2016 blocks as with Bitcoin.