比特幣和比特幣現金

Jens Chrzanowski, Admiral Markets

全世界都在讨論加密貨幣，而且每週都有火爆的訊息傳出。你可能已經對比特幣略有了解，那我們現在就去近距離觀察比特幣現金吧。

若想解釋比特幣現金，就要先從比特幣說起。

目前為止，加密貨幣仍然是一個新興的話題，而且仍在不斷演化中。最新的進展是比特幣進行了“硬分叉”。“硬分叉”是當比特幣協議規則發生改變，區塊鏈分割成兩條鏈或多條鏈。比特幣就在上週分成了兩個加密貨幣：比特幣和比特幣現金。

因此，硬分叉確實出現了。在2017年8月1日，區塊鏈分成了比特幣(BTC)和比特幣現金(BCH)，二者擁有相同的歷史，未來卻彼此獨立。我很高興地告訴大家， Admiral Markets是第一批支援MT4比特幣槓桿交易的經紀商。有些經紀商的MT4平台甚至完全不支援加密貨幣交易。

硬分叉的原理與股票分割有些許相似之處。舉例來講，新股發行後，股票總數量增加，舊股價值降低，新股舊股的價值是相同的。

這就是所謂的稀釋，舊股股價的虧損會以新股來補足。但是新股（比特幣現金）對應到比特幣硬分叉中，則會獲得巨額的額外補償。這便是兩者的區別之處。

即使BCH新生不足幾天，但以超過萊特幣和瑞波幣的市場資本，成為第三大最有價值的加密貨幣了。

你可以把比特幣現金成為比特幣的小姐妹。比特幣現金的成長會有多快？未來會有多成功？讓我們拭目以待。

Bitcoin vs Bitcoin Cash
 
Jens Chrzanowski, Admiral Markets

The entire trading world can’t help talking about cryptocurrencies, and there seems to be hot news every week. You’re probably already familiar with Bitcoin, so let’s take a closer look at Bitcoin Cash.

To explain what Bitcoin Cash is, we have to start with Bitcoin…

Cryptocurrencies are still quite new and ever-evolving, and the latest news surrounding Bitcoin was a ‘hard fork’. The term ‘hard fork’ refers to a change in protocol which may split the blockchain in two – or even more – independent chains of blocks following their own path, with a permanent technical divergence between such new blockchains. What happened this week was the splitting of Bitcoin into two cryptocurrencies, Bitcoin and Bitcoin Cash.

So, the hard fork did happen! On 1 August 2017, the blockchain split in two: you can now trade Bitcoin (BTC) and Bitcoin Cash (BCH) – the two sharing a common history but, from now onwards, a fully independent future. And I’m delighted to say that Admiral Markets is one of the first to enable Bitcoin Cash for leveraged trading, in MetaTrader 4. Some brokers don’t have Cryptocurrencies available for trading at all on this, the most popular trading platform in the world.

The hard fork principle has certain parallels with a stock split, for example – new shares are issued so that the total number of shares increases, and the value of the old shares decreases. This difference is reflected in market theory, by 1:1 in the price of the old and new shares.

The so-called dilution takes place, even if the price loss of the old shares is compensated by additional new shares. However, the new share (Bitcoin Cash) transferred to the Bitcoin hard fork (split) has massively overcompensated this difference.

Even if the history of BTC currently only covers a couple of days, it has already become the third most valued cryptocurrency globally by market capitalisation, surpassing Litecoin and Ripple.

You could call Bitcoin Cash the little sister of Bitcoin. We’ll soon be able to see how fast it’ll grow and how successful it will be. Watch this space…

本文翻譯由兄弟財經提供
文章來源：https://www.leaprate.com/experts/jens-chrzanowski/bitcoin-vs-bitcoin-cash/