Bitcoin Cash Fans Celebrate Independence Day One Year Later

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Today is the one-year anniversary of the ‘Bitcoin Independence Day’ that took place on August 1 2017. Since that day the Bitcoin Cash (BCH) network and community have had a very productive year as the decentralized cryptocurrency has celebrated a ton of milestones including successful network upgrades, massive merchant adoption, and a wide variety of applications built using the BCH chain.

A year ago today Bitcoin proponents celebrated independence from the scaling debate stagnation that took place within the Bitcoin community for far too long. On August 1, 2017, after block 478,558 was found, the Bitcoin blockchain effectively split as miners began processing blocks from two protocols — Bitcoin Cash (BCH) and Bitcoin Core (BTC). While many Bitcoin Core supporters didn’t think BCH would survive after the split, the BCH network proved them wrong by continuing to grow stronger every day that followed the event on August 1. During the first week of August, the BCH chain’s hashpower steadily grew more powerful and the currency’s value went through a small period of price discovery.

Bitcoin Cash Gains 145% in One Year

On August 13, 2017 the Bitcoin Cash spot price closed the day at $310 USD per BCH and the currency is today priced at $760 per coin which represents a solid gain of +145.16 percent since last year. Additionally, much like many of the other digital assets that touched all-time highs (ATH) this past December, bitcoin cash prices reached an ATH of $3,000 per BCH and even $4,000 per BCH on a few international exchanges. Because of the growing demand and high prices, BCH proponents often laugh at Bitfury’s George Kikvadze who sold his bitcoin cash at $668 per coin and thanked all the “fools” who purchased them.
https://news.bitcoin.com/bitcoin-cash-fans-celebrate-independence-day-one-year-later/

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