Then bitcoin cash came along. The solution is a fork of the bitcoin system. The new software has all the history of the old platform; however, bitcoin cash blocks have a capacity 8 megabytes. Bitcoin cash came out of left field, according to Charles Morris, a chief investment officer of NextBlock Global, an investment firm with digital assets. To be sure, only a minority of bitcoin miners and bitcoin exchanges have said they will support the new currency.
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Investors who have their bitcoin on exchanges or wallets that support the new currency will soon see their holdings double, with one unit in bitcoin cash added for every bitcoin. But that doesn't mean the value of investors' holdings will double.
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Because bitcoin cash initially drew its value from bitcoin's market cap, it caused bitcoin's value to drop by an amount proportional to its adoption on launch. No one truly knows.
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Because Bitcoin has the highest market capitalization of all the numerous crypto assets, it is not an exaggeration to say it is the most prominent crypto asset. There are many currencies that split off from or are derived from Bitcoin, and it is the cornerstone of crypto assets.
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Read the story. Business Insider 3d. The research director at Grayscale breaks down 5 digital tokens other than bitcoin and ethereum that he is newly tracking - and shares 3 emerging opportunities he's monitoring.
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