Bitcoin Cash (BCH) Soars after Kim Dotcom Support

Dominating the crypto news over the weekend was the leap in the value of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Cash (BCH).

Bitcoin Cash (BCH) is up 22.83% at the time of publishing this article, valuing the cryptocurrency at $704.47, which is the highest it has been since mid-2018. Driving the price higher has been a glowing recommendation from Kim Dotcom, the Founder of the now-defunct file-sharing site Megaupload.

The German-born New Zealand resident tweeted his support for Bitcoin Cash on February 11th.

Bitcoin Cash will be the greenest of all crypto currencies.

"Instead of fees, plant some trees." #BitcoinCash pic.twitter.com/xEx5Z5ndwx

— Kim Dotcom (@KimDotcom) February 11, 2021

When questioned on Twitter why he supported Bitcoin Cash and not Bitcoin, Kim Dotcom, real name Kim Schmitz, replied: "Because I believe BCH has bigger potential to become the digital money leader, is currently undervalued and has a team that is open to good ideas and advise. Don't get me wrong, I love Bitcoin too, and ETH and many others."

A day later, Kim Dotcom followed up with tweets about a new website he created that extols the benefits and upsides of bitcoin cash.

Many people are asking me why I’m supporting Bitcoin Cash and why I think it has the biggest upside potential. Good question.

I made this little website for you:https://t.co/DIOiBCf1HB

— Kim Dotcom (@KimDotcom) February 12, 2021

In Kim Dotcom's website, whybitcoincash.com, it is explained that BCH has remained consistent with Satoshi Nakamoto Satoshi Nakamoto “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi Read this Term’s white paper: “purely peer-to-peer version of electronic cash.” The website goes on to break down the advantages of BCH which was launched in 2017 through a Bitcoin hard fork and build a coin with better scalability than Bitcoin.

The website goes on to compare and contrast Bitcoin (BTC) and Bitcoin (BCH), a topic covered recently in a Finance Magnates op-ed by crypto expert, Sydney Ifergan - Bitcoin and Bitcoin Cash: A Study Between the Two Major Crypto Coins.

Since the start of the year, Bitcoin Cash transactions have intensified. Following Kim Dotcom's recommendation and support, data from fork.lol shows that BCH transactions overtook BTC transactions. Having risen 27% on the week, BCH is seeing a spike over the weekend trading which is taking the cryptocurrency's price from $529.47 to its near 30-month high on Sunday.