The cryptocurrency market has been through a tumultuous ride over the past one week with a gradual bull run lifting the prices and support of a lot of cryptocurrencies. The price rise scenario has also witnessed prominent personalities in the crypto verse coming out and commenting on the updates and developments in the space. The latest example of this is Roger Ver, the Chief Executive Officer of Bitcoin.com and major proponent of Bitcoin Cash.
In a video released by Bitcoin.com, Ver touched upon the latest developments on the Bitcoin Cash network and appreciated a lot of developers within the system. One of the latest developments talked about the CEO was about Cash.coin.dance, a website that allows the public to look at what is happening on the Bitcoin Cash network. The site also allows users to observe and act on the developer channels on the network.
Cash.coin.dance currently displays the statistics of the BCH hard fork stating:
“The Bitcoin Cash network has now been upgraded! 5461 blocks have been mined under the new consensus rules! Bitcoin Cash is currently 20.4% ahead on proof of work. Bitcoin Cash is currently 54 blocks ahead.”
Another topic discussed in the video was Open Swap- a fork of electron cash atomic swap on Bitcoin Cash. Users were also told that the Electron Cash wallet was available for Android users as well as iOS and Mac users. The Bitcoin.com official also touched upon Coinbase’s latest feature of direct cryptocurrency conversion and how it played a part in Bitcoin Cash’s recent bullish surge.
The company’s official blog had stated:
“As a crypto-first company, it’s important that we build features that let people take advantage of the unique attributes of cryptocurrency. That’s why we’re beginning to roll out a new feature called Convert, which customers can use to convert one cryptocurrency into another.”
The Bitcoin.com team also discussed a new protocol called the InterPlanetary File System or IPFS, which is soon coming to Bitcoin Cash. The developer of IPFS has stated that it is an overlays network that acts as a Peer-to-Peer network of connected applications. The goal is not just to come to BCH wallets together for the purpose of payment channels but to be used by any BCH application that needs access to a high-performance feature-rich P2P network, said the developers.
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Bitcoin Cash would be a perfect global coin for daily spending, claims Chainblock’s Federico Pecoraro
Federico Pecoraro, CEO of Italy-based crypto-company, Chainblock, made waves in the cryptospace after he suggested that Italians were shifting to cryptocurrencies owing to the country’s growing economic problems. The 2008 financial crisis hit the Italian economy badly, largely due to the huge public debt accumulated after years of excessive public spending.
According to Federico Pecoraro, the state of affairs offers an opportunity for many people and businesses to benefit from using decentralized money. In what is the most newsworthy bit of his take, he said that Bitcoin Cash (BCH) could be the cryptocurrency that would fit perfectly as a real global coin for daily spending, despite the fact that Bitcoin (BTC) is more likely to emerge as a better store-of-value. He added,
“We’re proud to support it on our products. Indeed, our clients have the opportunity to buy BCH through any of our services.”
Pecoraro also spoke about how Chainblock used the crypto-winter to develop new products and expand its customer base. He revealed that by the end of 2018, Chainblock recorded a 156% increase in transactions and a 144% increase in new users. Federico Pecoraro told Bitcoin.com,
“We love small businesses that want to accept crypto payments but we want to enable as many merchants as we can with a strategic market approach. Our goal is to provide affordable and scalable solutions for both big and small shops and spread real cryptocurrency mass adoption. We plan to enable 5,000 merchants to accept Bitcoin payments.”
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