To comment on this, we connected with the VP of Business Operations of BTC.com, Alejandro de la Torre.
So, overall, in terms of the upgrade itself, all seems good within the Bitcoin Cash network.
The two separate chains are likely to form, however, only the new chain to have economic value. During the last 7 days, Bitcoin Cash is -13.18 percent against the USA dollar along with a move of 1.31 percent through the last hour.
The first major change was geared towards raising the block size from 8 MB to 32 MB as mentioned earlier so that it can accommodate more transactions for each block. The average transaction size for Bitcoin Cash is about 200 bytes, which means that each of the network's 10-minute, 8 MB block could support 40,000 transactions on average, for a total of 5,760,000 per day. Although technically November was also a "hard" fork, it was obviously very different than the previous split in community generating not only a new blockchain, but also a new network, and a new coin. In comparison, Bitcoin (BTC) block size is 1 MB. Though while many in the community treat hard forking with outright fear, this is a key part of how Bitcoin Cash operates, so the Bitcoin Cash community is not afraid of hard forks.
BTC.com is coin agnostic.
The move follows Hong Kong exchange OKEx, which also confirmed it would halt Bitcoin Cash support in April ostensibly due to "inadequate liquidity". We are not trying to say that you should buy Bitcoin Cash over another coin. Still, the demand on the currency might increase because of the attractive features being added to it. This comes with some potential risks that the Bitcoin Core team warned against back in the days of the SegWit hard fork, but the fact remains that the easiest way to scale the Bitcoin network using Proof of Work is to increase the block size limit to allow more transactions per block.
Mentioning Bitcoin Cash's advantage as a robust and reliable medium of transaction that has great utility in paying for things, Ver compared it against the bulk of other cryptocurrencies that are merely being driven by speculation without offering any real utility. Therefore, in theory larger block sizes can be more vulnerable to spamming attack.
Developers can leverage the above-mentioned capabilities to create representative tokens, otherwise known as colored coins. The problem we are seeing here however is that a poor market climate is really dragging the value of Bitcoin Cash down, something it could really do with avoiding in the wake of a hard fork ultimately. The difference in block-size approach between BTC and BCH is also setting the stage for two kinds of blockchain: one will supports huge numbers of instant, low-fee transactions on its own (Bitcoin Cash), and another one will invest in an ecosystem of off-chain scaling solutions (Bitcoin). Such tokens can be tagged in a specific manner so that they will correspond with stocks, metals, bonds, commodities and other virtual or physical objects. Roger then replies that BCH has a higher market cap than what Bitcoin did a year ago and hence shows a bullish sign.