#Bitcoin cash is already the third most valuable cryptocurrency — Quartz
▻https://qz.com/1044413/bitcoin-cash-is-already-the-third-most-valuable-cryptocurrency
now that miners are crunching 6.4 million terahashes per second on the bitcoin network. That consumes an estimated 15 terawatt hours of electricity a year, putting the bitcoin network’s consumption between Turkmenistan and North Korea, if it were ranked with countries.
Why Bitcoin Cash
The standard bitcoin max block size is 1Mb and can process 6 to 7 transactions per second. (VISA processes 2000+ transactions per second). Some people felt that was too slow and wanted to raise the block size.
Two weeks ago 95% of the community could agree to raise it to 2Mb and introduce the SegWit2x update - but that was still not enough for some and hence they decided to hard fork and raise the transaction size to 8Mb.
▻https://www.bloomberg.com/view/articles/2017-08-02/bitcoin-s-split-is-good-for-progress
▻https://bitcoinfoundation.org/statement-bitcoin-foundation-bitcoin-cash-hard-fork
▻https://moneymorning.com/2017/07/28/bitcoin-price-back-to-2800-but-look-out-for-the-hard-fork
#BTH