Bitcoin Cash Cannot Use “BCC” Since It Belongs to BitConnectCoin

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Bitcoin Cash has a branding issue

There are currently several thousand cryptocurrencies available to users. Not all of these coins will become successful altcoins in terms of price and adoption. With the upcoming Bitcoin Cash hard fork, there is a significant problem which may set BCC back. The currency cannot use the BCC ticker, since it already exists on multiple altcoin exchanges. Most people will not pay much attention to Bitcoin Cash until August 1st comes around, but this “new token” already has a big issue to overcome. All of the exchanges supporting Bitcoin Cash so far have announced they will label the currency as BCC. Unfortunately, the BCC ticker is already in use by a completely different currency.

There is an altcoin known as BitConnect. The native currency of BitConnect is BitcoinnectCoin, listed as BCC on cryptocurrency exchanges. It is pretty difficult to overlook BitConnect, so the fact Bitcoin Cash missed that ticker name is slightly embarrassing. The former is in the top 15 currencies ranked by market cap, and its token was worth $60.61 at the time of writing. Moreover, it has been trading under the BCC ticker symbol from day one, making it even stranger that no one bothered to point out this naming issue to the Bitcoin Cash-carrying exchanges.

For more information please their website: https://themerkle.com/bitcoin-cash-cant-use-the-bcc-ticker-as-it-belongs-to-bitconnectcoin/

My final thoughts

I was hoping that after August 1 all things will be back to normal and Bitcoin will still remain on top of all Cryptocurrency. However, the issue of scalability is the problem waiting to be resolved not until August 1. What is your opinion regarding this matter? Your opinion matters for the future of the cryptocurrencies?