Bitcoin Cash Just Mined its First Block
An effort to create an alternative version of the bitcoin blockchain has succeeded and the first block mined by a mining firm called viabtc.
viabit confirmed this on twitter and wechat,this data shows that the mined Bitcoin Cash block had 6,985 transactions, with a block size of 1.915 MB – almost double the size of this parameter on the original block chain. The dream of satoshi might come to pass since, Bitcoin Cash was designed to increase network capacity by offering a blockchain with a larger block size.
Another unknown mining pool called “MC Pool", has mined roughly half of the twelve BCH blocks mined so far and is possibly located in Hong Kong.This two mining companies have began to maybe a positive trend to come and who know what will happen to bitcoin cash in terms of price since no real trading has began with most exchanges still having no deposits and withdraws at the moment.
The Price
Since the start of trading, more than 24 hours now, the price of a new Bitcoin-fork - BCC/BCH increased by 9,378 percent.
The initial price at 18.00 UTC Aug. 1 was 0.0045 BTC, and at 18.00 UTC Aug. 2 it equals 0.283 BTC.
what do you think will happen in the next week to month give us your views ?