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Bitcoin Cash

Bitcoin Cash [BCH] to hard fork again, Canonical Transaction Ordering Rule to be implemented

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On November 15th, 2018, Bitcoin ABC a development team behind Bitcoin Cash will be releasing a new fork again after their recent network upgrade on May 15th this year. Bitcoin ABC has a responsibility to ensure that people are ready for the update and that none of the technology behind Bitcoin Cash are affected by the roll out.

The updates for the new version are available for download but the new upgrade will not go live until November 15th.

Bitcoin ABC recently tweeted:

Bitcoin ABC announces the release of Bitcoin ABC 0.18.0

Bitcoin ABC’s new upgrade will help create “sound money” that is usable by everyone in the world. Bitcoin ABC believes that they represent the next step towards this goal. They also aim to work in the best interests of miners, investors, and users of Bitcoin Cash and will collaborate and coordinate with other teams and projects in the Bitcoin Cash ecosystem. They will also focus on improving the utility of Bitcoin Cash and enable massive on-chain scaling.

gr8ful4 an enthusiastic Redditor is of the opinion that:

“Dev team competition, as it should be. After reading the discussions (especially) in the last week, I sense this is a rather rushed/stubborn move and should be consequently punished by the market/miners.”

The new updates include several minor technical fixes and improvements. They have been focusing to become a solid base for application development and innovation. They will enable the use of oracles and cross-chain atomic contracts and will introduce a canonical transaction ordering which is a technical building block that lays the foundation for massive scaling improvements in the future.

Jonathan Toomim wrote an article explaining why Canonical Transaction Ordering Rule is highly desirable than compared to Topological Transaction Ordering rule.

  • Block emission is more efficient
  • Block propagation is more efficient
  • Software implementations are simplified
  • Proofs of transaction inclusion are improved
  • Opt-in locality between participants becomes possible
  • Potential attack vectors are mitigated

Jonathan Toomim strongly believes that Topological Transaction Ordering Rule [TTOR] should be replaced by Canonical Transaction Ordering Rule [CTOR] which will be simpler to implement and reduces the complexities that occur in TTOR.

CTOR allows all its participants to zoom into a block to identify whether a transaction is found or not without processing the whole block. This property will allow chainless apps to gain the possibility to verify flows of transactions without being encountered by an arbitrarily large blockchain.

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Bitcoin Cash

Sneaky Tips: Turning Bitcoin into Cash

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Cryptocurrencies are becoming more and more useable by the day. Once upon a time, cryptocurrencies were an obscure curiosity for nerds. Then, they were elevated to the currency of choice for online drug sellers and arms dealers. However, slowly but surely, cryptocurrencies are becoming more prominent in our everyday lives.

But there are still relatively few places that will allow you to spend your cryptocurrency directly. Even with Bitcoin, the most popular of all the cryptocurrencies out there, buying everyday items is difficult. Converting your Bitcoin into cash enables you to actually use it, but how do you go about doing it?

Selling on an Exchange

This is the most common means of converting cryptocurrency into cash. Crypto exchanges are just like Forex markets, except without the same level of regulation. These exchanges allow crypto owners to trade one cryptocurrency for another. Different exchanges will support different coins. Some tokens – notably Bitcoin and Ethereum – are available across just about every exchange. Others will feature on most exchanges, and some of the smaller coins will be tradeable only on a small number of exchanges.

Different exchanges also have different interfaces, which can make for some very different user experiences between them. Some exchanges can be very difficult to start using for complete novices. Anyone who has experience trading on a Forex market will feel at home with most crypto exchanges, they tend to offer the same features and operate on the same fundamental principles.

Not all exchanges will allow users to cash out their cryptocurrency as fiat, however. In fact, the majority of exchanges exist to trade cryptocurrencies but do not directly buy or sell them for fiat currencies. Of the exchanges that do enable users to trade their crypto for fiat, they usually only allow a narrow range of coins to be exchanged for cash. These ‘entrycoins’ are Bitcoin and Ethereum, the big two of the crypto world.

If you want to sell your crypto for cash online, you will usually need to first convert it into Bitcoin or Ethereum. Some exchanges will take a couple of days to process your withdrawals, so don’t worry if your money doesn’t show up straight away. Carefully read the terms & conditions of any exchange before you send them your cryptocurrency so you know what to expect. You should also check online for user reviews of any exchange before you entrust them with your crypto.

Bitcoin ATMs are still relatively rare, but their number is steadily increasing. As the name suggests, these are just like the ATM machines that you are familiar with when using fiat currency. Some of these ATMs allow users to buy Bitcoin, but not to sell it. However, the proportion of machines that enable two-way functionality is steadily rising.

If the ATM does allow you to sell your Bitcoin, you will first need to verify your identity. There are a small number of machines that don’t require this step but they are rare. You will then need to send the amount of Bitcoin you want to sell to the ATM wallet address; this is done by scanning a QR code. Some machines will pay out instantly, others will make you wait until the transfer has been confirmed by the Bitcoin network.

This is another simple and straightforward way of converting Bitcoin into cash. LocalBitcoins.com is a service that allows users to advertise when they have Bitcoin to sell. Interested parties can then browse listings and contact any sellers in their local area. Buyer and seller then arrange to meet and the buyer will hand over physical cash to the seller in exchange for Bitcoins.

This is one of the few ways that you can directly convert physical cash into Bitcoin, or sell Bitcoin for physical cash, rather than receiving a bank transfer or using another digital method. Of course, a little extra vigilance is required when you are going to be meeting up with a stranger. Choose somewhere public to meet them, and don’t go anywhere you feel unsafe.

Sending the Bitcoin to the buyer’s wallet is easy. All you’ll need to do is enter the amount you want to send and scan a QR code on the recipient’s phone. The transfer won’t occur instantly; Bitcoin takes time to send and this time will vary according to the amount you are willing to pay in mining fees, transactions with higher fees are processed as a priority.

There are a growing number of online casinos that accept Bitcoin and these can provide a path to converting cryptocurrency into fiat. Of course, this is dependent upon you winning, it’s possible you could end up losing your precious funds instead. If you are confident in your card game skills, or you just enjoy the thrill of gambling, online casinos are a viable means of converting your cryptocurrency into fiat.

Converting your Bitcoin into cash means that you will be able to spend it wherever you like. For all the advantages of cryptocurrencies, they are still not as easy to use as fiat currency. Whether you are looking to cash out some or all of your crypto portfolio, the above methods are the most reliable.

Source. ambcrypto

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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on April 25, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 288. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Bitcoin Cash (BCH/USD) forecast and analysis on April 25, 2019

As part of the Bitcoin Cash forecast, a test of level 305 is expected. Where should we expect an attempt to continue the fall of BCH/USD and further development of the downward trend. The purpose of this movement is the area near the level of 250. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at level 310.

Bitcoin Cash (BCH/USD) forecast and analysis on April 25, 2019

Cancellation of the option to continue the decline in Bitcoin Cash will be the breakdown of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of ​​320. This will indicate a change in the current trend in favor of the bullish for BCH/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on April 25, 2019 implies a test level of 305. Further, it is expected to continue falling to the area below the level of 250. The conservative area for selling Bitcoin Cash is located area of ​​310. Canceling the option of falling cryptocurrency will be a breakdown of the level of 320. In this case, we can expect continuation growth.

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Bitcoin Cash (BCH/USD) forecast and analysis on April 24, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 293. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Bitcoin Cash (BCH/USD) forecast and analysis on April 24, 2019

As part of the Bitcoin Cash forecast, a test of the level 310 is expected. Where should we expect an attempt to continue the fall of BCH/USD and further development of the downward trend. The purpose of this movement is the area near the level of 255. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator at the level of 315.

Bitcoin Cash (BCH/USD) forecast and analysis on April 24, 2019

Cancellation of the option to continue the decline in Bitcoin Cash will be the breakdown of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of ​​320. This will indicate a change in the current trend in favor of the bullish for BCH/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on April 24, 2019implies a test level of 310. Further, it is expected to continue falling to the area below the level of 255. The conservative area for selling Bitcoin Cash is located area of ​​315. Canceling the option of falling cryptocurrency will be a breakdown of the level of 320. In this case, we can expect continuation growth.

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