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The world of cryptocurrencies is often volatile and ever-changing, and it can be difficult to stay up to date on the latest developments and trends. Bitcoin Cash has been one of the most prominent alternative cryptocurrencies, developed as a hard fork of the original Bitcoin blockchain. Roger Ver, an early investor in Bitcoin and Bitcoin Cash evangelist, has been one of the most vocal supporters of the cryptocurrency and its potential.
What Is Bitcoin Cash?
Bitcoin Cash is a cryptocurrency launched in 2017 as a fork of the original Bitcoin blockchain. Its primary purpose was to address some of the transactional limitations of Bitcoin, such as slow processing times and high transaction fees. Bitcoin Cash’s developers increased the size of the blocks on the blockchain to 32MB to enable faster transactions and lower fees. Bitcoin Cash has its unique blockchain, separate from Bitcoin’s, but it shares many similarities with Bitcoin. Since its launch, Bitcoin Cash has gained some traction and acceptance among merchants and consumers, though it is still nowhere near as widely accepted as Bitcoin. While some investors see Bitcoin Cash as a promising alternative to Bitcoin, others are skeptical about Bitcoin Cash price long-term sustainable growth.
Roger Ver and Bitcoin Cash: What Happened?
Roger Ver is a notable figure in the cryptocurrency world, known for being an early supporter and investor in Bitcoin, and for his advocacy of the cryptocurrency community’s broader adoption. In 2017, when the Bitcoin Cash fork was created, Ver became one of its most prominent supporters, often promoting it on social media and in interviews, thus having a say in the Bitcoin Cash price. He argued that Bitcoin Cash would address some of the perceived limitations of Bitcoin and that it was a more scalable and practical cryptocurrency. Roger has been involved in dealings touching on fraud and debts. For example, Genesis, a lending firm, sued Roger Ver for $20M over unsettled crypto options leading to Genesis filing for bankruptcy.
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