Bitcoin Cash hardfork planned to activate on November 13
Bitcoin Cash, often abbreviated as BCH, is going to have a hard fork, or the change in the network rules. The development team behind this promises that after changes are implemented, the system would respond to the miners’ activity more adequately and increase or decrease its difficulty accordingly. The proposal tells that the system would change every 600 seconds and the change will be based on the capacity previously demonstrated in the latest 144 blocks. The team is currently raising the awareness of the market about this change. The primary reason of this protocol update is that miners often switch between Bitcoin and Bitcoin Cash mining and the BCH developers, aware of this fact, are trying to attract miners to their currency.
Current price of Bitcoin Cash is 447 U.S. dollars per one coin, which is much more than Bitcoin Gold ($137 after a huge collapse last week), another recent cryptocurrency appeared due to eponymous hard fork and intended for casual miners who do not own vast mining rigs. There are also some cryptocurrencies that have no connection to the original Bitcoin chain hard forks and just use the name to promote itself - like Bitcoin Dark, BitcoinZ, Bitcoin Red, Bitcoin Fast etc.
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