Bitcoin Cash is a fork of Bitcoin. Jonald Fyookball announced to the BCH community about their Cashfusion Protocol. The Cashfusion protocol will be Tor-integrated and the work is currently underway. To transit from the alpha to beta stage, the development team should get the Tor-Integrated Cash Fusion.
Roger Ver recently stated, “BCH will be much larger than Bitcoin.”
Several BCH users are already using the Cash Shuffle protocol. The Cash Shuffle Protocol mixes Bitcoin Cash-based UTXOs with many other shuffling transactions in the pool. CashFusion, the privacy enhancing tool is working behind the scenes.
Fyookball recently stated, “alpha software Cashfusion already works, and we do fusion transactions on mainnet on a daily basis.”
Axel Gembe, the programmer stated, ”I had to abandon the idea of using tor as a dynamic library due to recent glibc changes. They basically disallowed loading pie executables with dlopen, even though it works well for some situations. Now I have the build system work done (except macOS, I’ll need likely need help with that). And the plan is to use stem to control tor using the control port — It should be finished in a few weeks.”
The BCH levels were worse inDecember. However, the bulls are nowtargeting the $225 level. If the $225should occur, it will confirm a major upward rally targeting the $270 to $280technical region.
The bias for Bitcoin cash in terms ofshort term is bullish and in terms of medium term it is bearish. Onthe 4-hour chart a bullish inverted head and shoulders pattern is seen. The overall trend seems to target itsprogression towards the $280 level. Thetechnically important price range is at $200.
Ever since December 18, 2019, theBCH/USD pair has shown improvement from its worse level indicative of strongrecovery. It has gained over 25%
Ifthere is a reversal from the current technical level and if the BCH sustainsweakness below $170 level, there will be additional losses towards the $150level.
Yetanother news doing the rounds is that BCH is controlled by unknown miners fornearly 70% of the hash rate. Severalestablished mining pools have disappeared altogether. Several other network influences are cut inhalf. While no clear information aboutthis is updated from the BCH community a look back in to past happenings mightadd some light to the issue. With all this happening, the market is continuingto eye a new increase in the price levels.
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