Nov. 12, 2017 | The bitcoin price is down nearly 8% percent today due to many investors deciding to pu their money into Bitcoin Cash. The reason for this drop of bitcoin price is the fact that segwit2x was cancelled. No more and more concerns are coming up if bitcoin can handle teh issues of scalability and its high transaction fees. Cryptocurrencies liek Bitcoin Cash or DASH are dealing with this issues in a better way which let’s their prices surge. As i write this the Bitcoin Cash is up more than 70% with a price of 1.677 $ (source: coinmarketcap). It’s marketcap is now more than 28 bln and it could replace Ethereum at position number two.
Teh community now is talking about the lightning network which is trial-run by Litecoin. The lightning network is a solution which is scalable, has low fees and therefore has the potential to solve bitcoin’s scalability problem.
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