Why did bcc skyrocket in November (will bchc rise in 2021)

Why bcc skyrocketed in November Editor’s note: This article is from Babbitt Information (ID: bitcoin8btc), authored by Jiang Zhuoer, authorized for publication by Planet Daily

A Cryptocurrency called “Bcc” (BitCoinCash) in the Bitcoin network was officially launched on the trading market on November 1. According to Big V of the currency circle, the price rise of this Cryptocurrency is a new development triggered by a new protocol on the Bitcoin blockchain, namely the decentralized consensus mechanism. At present, some tokens based on this protocol have appeared in the market – such as ERC-20 tokens of Ethereum, ETH and other asset tokens on EOS, etc., but the value of these projects cannot be fully reflected, which is exactly what the Bitcoin community expects. “Why does bCC explode 11” Bitcoin Cash is the first network system to use smart contracts for payment and settlement. It is a distributed ledger project that is completely maintained and run by Bitcoin Core developers. Its purpose is to enable anyone to easily create and manage all their node software and wallets. Due to the characteristics of this algorithm, users can freely issue digital tokens and private keys. Bitcoin miners receive rewards by transferring their proof of work to their favorite block producers. Therefore, when the price of Bitcoin reached a historic high, miners began to provide mining services to support Bitcoin, and their mining process was very efficient and cost-effective According to the official introduction, “If you want to purchase more Bitcoin or other types of virtual currencies, you need to first purchase Bitcoin from the exchange. Another method is to sell Bitcoin as collateral on the exchange Nowadays, many exchanges in the market are selling Bitcoin as collateral to earn profits, and some platforms even choose to provide more services to users in order to increase profits. So we find that the reason why Bitcoin Cash cash is so popular is that people are more and more interested in it and prefer decentralized storage. Of course, many people also believe that Bitcoin will soon become mainstream, but in reality, they do not think so. In fact, although Bitcoin Cash has many similar uses, in the past year, Bitcoin cash has been growing and is gradually being accepted as one of the daily use cases. However, as Bitcoin Cash matures, its application scope is also gradually expanding, because Bitcoin Cash holders can use them to make money without losing all their funds. So why will Bitcoin Cash cash erupt again in the next few weeks? Today, let’s take a look at the main features of Bitcoin Cash cash:

1. Bitcoin Cash cash has high throughput and fast processing capacity; 2. Bitcoin Cash cash can achieve a high degree of expansion and scalability. Bitcoin Cash uses sharding technology to protect the network security of Bitcoin, and also has strong privacy features

Will bchc rise in 2021

Editor’s note: This article is based on data and is authorized to be reprinted by the Daily Planet.

The token BCC of Bitcoin Cash (BCH) was officially launched on December 11. This means that BCH will continue to rise in 2021, and the transaction price will be synchronized with other mainstream Cryptocurrency. Currently, according to data from the bchc.com website, the total market value of BCH has been $3.56 billion since the end of December 2019, compared to $4.05 billion at the beginning of 2020. In May 2020, BCH increased from $1 to a maximum of $26.5, an increase of about 1000%; In mid June of last year, after reaching a high of nearly $20000, BTC’s trend was very flat, until it experienced another wave of decline in late August this year and fell below its original target of $17500. Within a month, the price of the digital asset has also more than doubled. On the morning of February 15th, BCH announced the completion of the hard fork upgrade and also plans to upgrade through community voting. According to official news, the new version is expected to be released by the end of 2019. In addition, due to recent market fluctuations, some counterfeit currencies are brewing a surge, such as XRP, ETC, etc. However, it is worth noting that currently bchc has been launched on the exchange, and has begun to have a large capital layout in succession, so that it can purchase in the Secondary market next year.