Bitcoin price slumps; rival doubles in four days – Bitcoints


Published on November 13th, 2017 | by bitcoin


Bitcoin price slumps; rival doubles in four days

Bitcoin price slumps; rival doubles in four daysMeanwhile, the currency of a rival, spinoff network called Bitcoin Cash has doubled to more than $1,500 over the same four-day period.
People in this camp have been flocking to Bitcoin Cash after a plan to expand the capacity of the main Bitcoin network fell apart on Wednesday.
In August, some in the big-block camp split off from the main Bitcoin network to create rival network Bitcoin Cash, which supports blocks up to eight megabytes.
But with proposals to upgrade the Bitcoin network stalled, it wouldn’t be surprising if these companies have a change of heart, concluding that the future of Bitcoin rests with Bitcoin Cash.
Which might be why markets have shifted so dramatically toward Bitcoin Cash in the last four days.


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