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Category: News - 2017-11-17
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BitGo Engineer: Bitcoin Cash Will Do Well in Short-Term, But Not in the Long Run

Jameson Lopp, the lead engineer at BitGo, a prominent Bitcoin and Blockchain security firm, explained Bitcoin Cash would likely do well in the short-term, but struggle in the long run. 

Emphasizing the shallow development community of Bitcoin Cash, Lopp wrote:

“I suspect BCH will do alright for the short term: there's plenty of demand from users to externalize their cost of transacting into node operators. But crypto asset engineering is a marathon, not a sprint.”

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Finding the Best Bitcoin Wallet for You​​​​​

Even if you’ve just randomly glanced in the direction of the crypto markets, you’ll see just how well Bitcoin is doing. From its humble beginnings of costing just a few cents to own, to topping the market charts at over $7,000, the Bitcoin bandwagon isn’t stopping anytime soon.

It’s not just enough to buy Bitcoin though. You need a safe space to store it. Its popularity will only increase, and the last thing you need to worry about is whether its secure or not. With Blockchain technology’s popularity also on the rise, you need to ensure that you find the best wallet for your crypto journey.

With safety and security in mind, let’s count down the top five wallets on the market,

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The Future(s) of Bitcoin is looking bright

Even though Bitcoin is arguably the most popular cryptocurrency out there, investing in it can be quite risky. A main reason for this is the fact that its currently trading at just over $7,000 making it seemingly unaffordable for those hoping to invest in it. Another core reason is market volatility.

Bitcoin has grown 500% since the beginning of the year, which is remarkable. However, such sharp growth in such a short time may have sceptics wondering when the other shoe will drop.

Just to think, it wasn’t even worth one cent in 2010. Now however, the market capitalization of Bitcoin is in excess of $160 billion. People are also using the currency more, resulting in an increase in transaction values.

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