Why Do Bitcoins Have Value? Bitcoin Explained
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That's far greater than Ethereum's $277 billion market cap, which is the second-largest cryptocurrency by market cap. Because bitcoin cash initially drew its value from bitcoin's market cap, it caused bitcoin's value to drop by an amount proportional to its adoption on launch. They are in favor of smaller bitcoin blocks, which they say are less vulnerable to hacking. On the other side are the miners, who want to increase the size of blocks to make the network faster and more scalable. Supporters of the newly formed bitcoin cash believe the currency will "breath new life into" the nearly 10-year-old bitcoin by addressing some of the issues facing bitcoin of late, such as slow transaction speeds.
'I swapped my £7,000 Rolex watch for Bitcoin - now I'm worth more than £1 million' - My London'I swapped my £7,000 Rolex watch for Bitcoin - now I'm worth more than £1...