A bitcoin spin-off briefly replaced rival digital coin ether as the second-largest cryptocurrency

#fintech Bitcoin cash briefly replaced ether as the second-largest cryptocurrency

  • A cryptocurrency that split away from bitcoin was temporarily the second-largest virtual currency by market value on Sunday.
  • The market capitalization of bitcoin cash surged to more than $41 billion on Sunday at 2:29 a.m. ET, according to data by industry website Coinmarketcap.
  • Bitcoin cash usurped rival digital coin ether — the digital token of the ethereum blockchain — becoming the second-largest digital currency by market cap for a number of hours.
  • Vitalik Buterin, co-founder of Ethereum, congratulated backers of the bitcoin offshoot on Twitter.
  • In response to a Twitter user that questioned the dominance of bitcoin, Buterin said: “A key reason why I am now so confident in crypto is precisely the fact that there are so many different teams trying different approaches.”

Bitcoin cash rallied after plans for a “hard fork” in the original bitcoin blockchain were called off.
Continue reading “A bitcoin spin-off briefly replaced rival digital coin ether as the second-largest cryptocurrency”

A bitcoin spin-off briefly replaced rival digital coin ether as the second-largest cryptocurrency

  • A cryptocurrency that split away from bitcoin was temporarily the second-largest virtual currency by market value on Sunday.
  • The market capitalization of bitcoin cash surged to more than $41 billion on Sunday at 2:29 a.m. ET, according to data by industry website Coinmarketcap.
  • Bitcoin cash usurped rival digital coin ether — the digital token of the ethereum blockchain — becoming the second-largest digital currency by market cap for a number of hours.
  • Vitalik Buterin, co-founder of Ethereum, congratulated backers of the bitcoin offshoot on Twitter.
  • In response to a Twitter user that questioned the dominance of bitcoin, Buterin said: “A key reason why I am now so confident in crypto is precisely the fact that there are so many different teams trying different approaches.”

Bitcoin cash rallied after plans for a “hard fork” in the original bitcoin blockchain were called off.
Continue reading “A bitcoin spin-off briefly replaced rival digital coin ether as the second-largest cryptocurrency”