Bitcoin Cash News And Price Analysis: Bitcoin Cash Anniversary Party Attracts Crypto Enthusiasts in London. Sunday, August 12

Important Bitcoin Cash News

Bitcoin Cash Anniversary Party Attracts Crypto Enthusiasts in London

An attendee called it “a great moment in the history of money”. That was the view of Calvin Ayre, who referred to the advent of Bitcoin Cash as a means of exchange of value after it was forked from Bitcoin.

The venue was the celebration of the one year anniversary of Bitcoin Cash which has been referred to by enthusiasts as the main Bitcoin pointing to its features as much closer to the original blueprint of Nakamoto Satoshi, the Bitcoin inventor.

Presently boasting a 32MB block size, Bitcoin Cash has a higher likelihood of adoption for use as an electronic currency. Bitcoin’s scalability challengfe stems from having block size of just 1MB.

Despite being a fork of Bitcoin, enthusiasts of Bitcoin Cash and Bitcoin have most times been at loggerheads in a rivalry that is hardly easy to comprehend

Bitcoin Core Developer Discovers A Bug In Bitcoin Cash

Cory Fields who is a developer for Digital Currency Initiative at MIT has found a potentially devastating vulnerability in Bitcoin Cash code. The bug found has the potential of being exploited by a hacker and could have caused consensus failure if exploited.

The news has sparked some critics of the cryptocurrency to question why such a bug should be present in a major cryptocurrency such as BCH.

Speaking about the findings, Fields said, “Working through this bug, which certainly had the potential for catastrophe, has reaffirmed my belief that the threat of software bugs is severely underestimated in the cryptocurrency world,” [This] is a real-world example of how much work is still required to reach the sophisticated level of engineering that cryptocurrencies require, and as a wake-up call to companies who have not adequately prepared for this type of scenario.”

Vulnerabilities have become common news in the crypto space, however it can only be termed good news if it ended well as in the recently discovered BCH bug which has been patched.

Bitcoin Cash Price

BCH/USD Price Chart, Sunday August 12th:

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