Bitcoin Cash [BCH] on a new roll with the launch of SVPool; fights the bearish market

Bitcoin Cash [BCH], the fourth largest cryptocurrency in terms of market cap, had made news a few days back with multiple update announcements despite the bearish market creating a lull in the cryptocurrency industry.

Recently it was announced that the public Bitcoin Cash mining pool, SVPool has commenced operations. SVPool is a program that was started by Craig Wright of nChain and is targeted at miners who “support Satoshi’s vision and wants to generate long-term revenue”. SVPool was in the news earlier when over 200 miners had pre-registered themselves to be a part of the platform. The initial blog from SVPool stated:

“[SVPool] will help and remunerate miners—large or small—to ensure BCH remains a truly trustless and decentralized system, in accordance with the original Nakamoto white paper.”

Bitcoin Cash was also in the news recently when it was announced that the cryptocurrency could be traded in Turkey and Argentina without the need of an internet connection. CoinText.io, a new service aims to conduct BCH transactions with the power of Short Messaging Services [SMS]. Vin Armani, the CTO and Founder of CoinText had stated:

“Before CoinText, you had to download a software wallet or join an exchange to get your first cryptocurrency, and to onboard your friends, you had to convince them to do the same process. Now you can just text money to their phone.”

The Bitcoin Cash community is also gearing up for its November hard fork with the development team at Bitcoin Unlimited stating that they have started implementing ruleset changes of Bitcoin ABC. The team had informed users that:

“Bitcoin Unlimited’s #BitcoinCash version 1.5.0.0 is now available. Compatible with http://Bitcoincash.org spec, ergo with ABC 0.18.x for the 15 Nov 2018 general upgrade.”