​​Why bitcoin is taking the lead again

​​Why bitcoin is taking the lead again


As a result of trades on Thursday, bitcoin for the first time since last year took a share of 45.66% in the total volume of cryptocurrency market. Obviously, with a general drop in crypto-market up to $ 279,091,792,181, it is bitcoin that causes the greatest confidence of users. There are several reasons for this.

First, at the end of March the cost of transaction in bitcoin network decreased to a record amount of 1 satoshi. This is due to the introduction of Segregated Witness scaling technology: the share of SegWit-transactions is already 30% -35% of all transactions on the network.

Secondly, bitcoin is becoming increasingly widespread in real trade: this is happening in the European Union and Asian countries. The last example is the new service of the Korean crypto-exchanger Bithumb, which allows users to pay for purchases using cryptocurrencies in 6,000 stores across the country.

In a situation where bitcoin will become increasingly common, its forks will not be needed. Now this is already happening with Bitcoin Cash: OKEx and KuCoin crypto-exchangers have already eliminated illiquid pairs with this cryptocurrency.

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