The May 15 network upgrade for Bitcoin Cash (BCH) went through without a hitch, as was to be expected. The cryptocurrency’s platform can now handle as many as 8 million transactions a day. Increasing the block size from 8MB to 32MB is a giant leap forward from that of its predecessor, BTC, which is only 2MB. The increase will allow the network to handle more transactions per second than any other network.
The onchain scaling offered by the increased size is now complemented by the reintroduction of OP_Codes, programs that will allow developers to easy build complex projects on the BCH blockchain. The result will be the implementation of capabilities previously thought impossible on the network.
It’s no coincidence that the inaugural CoinGeek Conference is to be held immediately following the network upgrade. The one-day event will take place on May 18 at the Four Seasons in Hong Kong, and will bring together some of the biggest names in the cryptocurrency space. The conference is open to everyone, and will be led by experts such as Roger Ver, Jimmy Nguyen and Dr. Craig Wright, among many others.
The focus of the conference is on how the cryptocurrency is shaping the retail and eCommerce environments. BCH is quickly becoming the go-to digital currency for commercial use around the world, with more entities joining every day. The CoinGeek Conference is the perfect place to expand business networks, learn about new tools and technology in the BCH community and see what the future has in store.
CoinGeek owner Calvin Ayre has said, “We hope by having our conferences around the same time as these forks, that we can become a conduit for the merchant community back into the platform developers, so that there can be better communication between the two.”
BCH’s performance has beaten out all other large-cap currencies in the past month, including ETH and BTC. Despite steady declines leading up to the network upgrade, Bitcoin Cash has been the best performing digital currency. The strength comes from its acceptance as a valid payment option in the commerce space. According to Roger Ver, “That’s what actually gives it its underlying value, that you can use it in commerce to pay for things. Whereas, a lot of these other tokens out there just kind of turn into speculative assets that don’t actually have any utility.”
The conference will kick off at 8 a.m. with an informal meet-and-greet where entrepreneurs, business leaders and experts will be introducing themselves. A number of top-shelf workshops follow, all designed to provide attendees with the knowledge and tips to help make their businesses successful in this changing environment. After the conference, Ayre is hosting a party for all attendees. Find out how you can integrate blockchain into your business by registering for the CoinGeek.com conference today.