Yesterday, we saw the execution of a Bitcoin Cash hard fork, which was setup to increase the block size of the blocks on the Bitcoin Cash blockchain. This hard fork has been coming for some time, with many users of Bitcoin ABC nodes urged to update their software over the past month. Because of the anticipation leading up to this, the hard fork itself looked to be seamless, and overall, the update seems to have rolled out without any issues. Usually, such events are approached with caution, however the Bitcoin Cash community have remained very open to this hard fork, given that Bitcoin Cash is already the product of a hard fork, mind, you can assume the community have confidence in the Bitcoin Cash and Bitcoin ABC team who have worked on providing this hard fork. As Alejandro de la Torre of CCN states:
âIt shouldnât be understated that blockchain developers, including Bitcoin Cash, treat hard forking with caution, itâs a delicate process with potentially serious financial consequences. 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.âcryptocurrencies smarten up, ready to present themselves to the mainstream. The future for Bitcoin Cash is bright. It may very well slip below $1,000.00 by the end of this week should the decline continue, however, overall, Bitcoin Cash will regain value over time, it is just a case of holding on and waiting to see what happens.