In the past 24 hours, Bitcoin Cash is up over 25%; rising from a low of $982.71 USD at 6:39 AM UTC to a high of $1,345.20 at 9:44 PM UTC. Only E-coin is doing better, up 1500%!
Bitcoin Cash is a hard fork from the legacy Bitcoin blockchain as of block 478558 from back on August 1st, 2017. From https://www.bitcoincash.org:
On Chain Scalability - Bitcoin Cash follows the Nakamoto roadmap of global adoption with on-chain scaling. As a first step, the blocksize limit has been made adjustable, with an increased default of 8MB. Research is underway to allow massive future increases.
New Transaction Signatures - A new SigHash type provides replay protection, improved hardware wallet security, and elimination of the quadratic hashing problem.
New Difficulty Adjustment Algorithm (DAA) - Responsive Proof-of-Work difficulty adjustment allows miners to migrate from the legacy Bitcoin chain as desired, while providing protection against hashrate fluctuations.
Decentralized Development - With multiple independent teams of developers providing software implementations, the future is secure. Bitcoin Cash is resistant to political and social attacks on protocol development. No single group or project can control it. The bitcoin-ml mailing list is a good venue for making proposals for changes that require coordination across development teams.
Statistics from www.coinmarketcap.com:
Feb 08 2018 00:02:00 UTC
$389,625,000,000 USD: Total Market Capitalization
$27,470,300,000 USD: 24-Hour Volume
35.74%: Bitcoin Dominance