The Bitcoin Cash (BCH) network has seen some major advancements even when the price tag on the cryptocurrencies acquired seen a major drop in the first quarter of 2018. The price of Bitcoin Cash possessed also fallen therefore of the discusses the legislation on cryptocurrency trading and the overall negative sentiment in the cryptocurrency market. The development phase of Bitcoin Cash includes product owner adoption, system and the creation of many on-chain applications. In the next quarter it was already observed that lots of crypto cash are on the path to get over the bearish pattern of Q1. During writing, matching to coinmarketcap.com, the price tag on BCH shows $1,401.37 USD around and is placed at 4th position. (By 30th April 2018) In fact, there are many reasons to carry onto Bitcoin Cash (BCH) in today's year
On-Chain SOCIAL NETWORKING, Memo:
Memo is basically an on-chain social network site that is developed on the network of Bitcoin Cash. From creator of Memo, "I'm happy to announce the start of Memo, an on-chain public network built on Bitcoin Cash -- Memo is both a standard protocol and a front-end program."... "The standard protocol functions by writing trades to the Bitcoin Cash blockchain. Consumer applications can read these transactions to start to see the activity on the network." The profile created by way of a individual of Memo will be connected to a particular BCH address and will also have a open public/private key set. The user can then link certain data just like a quote, a specific date or a website Link through the program. The info must be hashed using an OP_Go back transaction into the Bitcoin Cash chain.
Companies Needs to Adopt Bitcoin Cash (BCH):
With the development of blockchain technology and the increase in the number of cryptocurrencies, many sellers start to see the need of adding the crypto coins as a mode of payment. There are lots of vendors trying forward to BCH. Lately, 5 sellers including a cafebar have included Bitcoin Cash (BCH) with their list.
Goldsilver: Goldsilver was founded by Mike Maloney and discounts in the advertising of valuable metals like gold and silver by means of pubs, jewellery and coins. The company has also designed Bitcoin (BTC) into their payment system. However, the repayment has to be conducted through Bitpay.Coins Crypto Cafebar: Like many Japanese vendors, a fresh cafebar in addition has accepted BCH into their system. Japan has already declared in the last year through Repayment Services Function that paying with cryptocurrencies is also legal. This cafebar will be using a grand starting on 12th May in Osaka. Till now, 15 different crypto cash have been included by the cafebar.Safecast: Safecast, in the words of its Director of Global Functions, Sean Bonner "design the hardware and software for specific environmental monitoring". Their products are mainly hosted on the site of Kithub. Kithhub, subsequently, accepts payment made using BCH through Bitpay.Undertech: The Company specialises in selling concealed-carry clothing like overcoats, leggings, vests and holsters. As Undertech has recently incorporated Coinbase Commerce as a checkout option, the customers can now pay using BCH, ETH, LTC and BTC.Rebecca Z: Rebecca Z is a Japanese jewellery website that focuses on day-to-day jewellery for working women. To make the payment method easier that they had started acknowledging Bitcoin (BTC). Now, the company also allows Bitcoin Cash (BCH) as a mode of transactions.