Bitcoin Cash news reflect the latest developments on the big block version of Satoshi's creation. Back in August 2017, a faction of Bitcoin investors, influencers and developers (including Bitcoin.com CEO Roger Ver, Bitmain CEO Jihan Wu, former Bitcoin lead developer Gavin Andressen, Bitcoin Unlimited developer Andrew Stone, and nChain's Jimmy Nguyen and Craig S. Wright) have decided to fork off and create BCH.
Bitcoin Cash emerged as a response to the conservatism of the Bitcoin Core developers who appeared to be cautious of changes brought to the protocol, and seemed reluctant to increase the block size according to market demand due to considerations which regard decentralization. The bigger blocks can store more transactions and reduce the fees, but they also put more power into the hands of a miners' oligopoly.
Therefore, Bitcoin Cash news reveal to the public to which extent the big block approach was a sustainable long-term plan and gives us an insight on what Bitcoin might have become if everybody agreed with this scaling method. Aside from being a technological challenge, it's also a clash between opposing incentive systems and economic models.
In this dichotomy, Bitcoin is closer to the Austrian school of economics by offering sound money which prioritizes its store of value function, while Bitcoin Cash is Keynesian and thinks that the cryptocurrencies should be spent. However, it's worth noting that BCH faces more competition than BTC in its purpose, as other cryptocurrencies like Litecoin and Dogecoin seek to solve the same problem via similar means.
Crypto Insider will bring you the Bitcoin Cash news that matter in an objective, facts-oriented, and unbiased way.
