BCH-Led Crypto Rally, New Wallet and Token in the Weekly Update From Bitcoin.com
Bitcoin cash leads the crypto market rally this week, jumping over 50% within 24 hours, a new BCH wallet uses the Cash Accounts protocol, and the first Bitcoin Cash based token has been listed on an exchange. All that and more in this week’s video news update with Roger Ver shared on Bitcoin.com’s Youtube channel.
BCH Catapults Back Into the Top 5
The impressive crypto market rally this week was led by bitcoin cash. The price of BCH spiked well over 50% within just 24 hours on Tuesday, April 2. The cryptocurrency reclaimed its place in the top five digital coins, reaching a market capitalization of over $5 billion.
At the same time, increasing prices and transactions caused significant network congestion on the Bitcoin Core network. The number of unconfirmed transactions in the BTC mempool has been growing steadily, leading to slower and more expensive transfers.
Meanwhile, a new open source bitcoin cash wallet called Crescent Cash has come around. It uses the Cash Accounts protocol by default. Crescent Cash is noncustodial, just like a conventional BCH wallet. The app supports the standard BCH address format Cashaddr.
Also in the news this week, a six-episode documentary series called “Rizki Presents: Blockchain” has been released on Amazon Prime. It focuses on how blockchain technology and cryptocurrencies can change the current fiat system. Episodes 1 and 6 will feature highlights of Bitcoin Cash.
Last but not least, the very first BCH-based SLP token has been listed on an exchange. It’s called Merit (LLM) and is issued by Liberland, a libertarian micronation established on a piece of disputed land between Serbia and Croatia. The LLM tokens can be traded at Altilly.com.
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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.