Bitcoin Cash has reclaimed its position above Litecoin, by market capitalization, following meteoric gains in sync with the latest market upswing.
Briefly on Dec. 14th, Litecoin had overtaken its rival Bitcoin Cash as prophesized.
Bitcoin Cash was battered following the BCH Hash Wars, allowing Litecoin to gradually overtake the weary coin.
When Bitcoin Cash and Bitcoin S.V. split, it had lost much of its value as the community and price were divvied between the two forks.
The 'Flappening' is a play on words on the previously anticipated "Flippening," where Ethereum would overtake Bitcoin by market capitalization.
Litecoin markets itself as a complement to Bitcoin, with some even calling Litecoin the "Silver to Bitcoin's gold."
In some instances, Litecoin acts as a test network for upgrades before they go live on Bitcoin's core network, providing as a proving ground for the more conservative Bitcoin protocol.
Bitcoin Cash claims that it is the version of 'Bitcoin' that anonymous creator Satoshi Nakamoto had envisioned, as peer-to-peer electronic cash.
Recently, Bitcoin Cash has been able to take full advantage of the market upswing and recover from the recent fork.
Now that Bitcoin Cash has comfortably reclaimed its place as number four by market cap-with Litecoin sitting at eighth-time will tell whether Bitcoin Cash remains unflappable.
The Unflappening, Bitcoin Cash Leaves Litecoin to Roost
Udgivet den Dec 20, 2018
by Cryptoslate | Udgivet den Coinage
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