The Bitcoin Cash network is scalable enough to support exponential economic growth on a global scale according to Jamie Redman on Cointrends. Ever since it broke out of the Bitcoin core network about one year ago, the Bitcoin Cash protocol has been promising regarding on-chain scaling. When he created Bitcoin, Satoshi knew that the scalability of the network would have to increase if it is to become massively adopted. Bitcoin Cash network was created to fulfill the needs of the ever growing global economy.
Bitcoin Cash Network And The Global Economy
Critics has condemned the Bitcoin Cash network claiming that it cannot scale any more than Bitcoin can. However, the network has been doing rather well and it has the potential to do even better. Merchants from all over the globe are adopting Bitcoin Cash thus proving that it can be as scalable as Satoshi expected. The block propagation and blockchain size have always been referenced when critics are talking about on-chain scaling. This is, however, a subject that Satoshi already touched in 2008 when he said that the network will not depend on what is referred to as Simplified Payment Verification but it will be in line with Moore’s law.
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Bitcoin Cash (BCH) Price Today – BCH / USD
Moore’s law, through observation, has always explained how individuals and businesses base the growth and speed of computational scaling. It gives a relatively accurate assessment of technological boom and how the Bitcoin Cash protocol will maintain affordability and scalability even as it expands globally.
Bitcoin Cash Price Analysis Now!
At the time of writing, Bitcoin Cash was trading at $470.25. This indicates a rise by 7.00% against the USD and a rise by 4.49% against Bitcoin. Over a 24 hour period, the trading volume has been $411,389,768 while the total market capitalization is $8,157,632,352. The circulating supply is 17,347,275 while the maximum supply is 21,000,000. This is according to the data on CoinMarketCap.