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Bitcoin Cash Flips Litecoin And Chainlink To Gain 9th Spot In World Top Ten Crypto

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Bitcoin cash flips Chainlink and Litecoin to gain 9th place in the top 10 crypto according to coingecko data.

Bitcoin Cash Returned To The Top 10 Flipping Litecoin And Chainlink

BCH increased 104.8% in 30 days to enter in the top ten crypto, reaching a marketcap of $25,709,077,271.


Reason For BCH Sharp Increase

Main reason for BCH rise is the Bitcoin Cash network update on May 15th to bring improvements for users and merchants.

These updates include the removal of the unconfirmed transaction limit, enabling multiple OP_RETURNS, the implementation of double-spend proofs, and the inclusion of a new mining block default limit size of 8 MB, as the inclusion of CHIPs (Cash Improvement Proposals) to introduce new specification changes to the protocol. There will be a few changes in the update that will affect the user experience.

The queue limit for unapproved transactions will be removed, people will no longer have to wait for a block to be mined for every 50 transactions and messages will be sent to BCH nodes. The maximum block size of 8MB will now be the default size.

Read: Top Altcoin News To Follow This Week. ETH-BCH-DASH-ZIL-SXP-SHIB

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Albert
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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