The price of bitcoin cash is surging toward $1,000.
At press time, the cryptocurrency that powers an alternative version of the bitcoin protocol, had reached a high of more than $920 during today's session, up more than 70% from its price of $543 just 24 hours ago.
Data from Coinmarketcap indicates 24-hour volume in bitcoin cash was $3 billion on Friday, up from $744 million on Thursday and as little as $106 million on Wednesday.
(BCH) differs from the bitcoin blockchain (BTC) in that it supports an 8 MB block size, but that does not have a malleability fix via Segregated Witness, though more pronounced have been differences in its economic network.
While it remains to be seen whether bitcoin cash can attract widespread exchange and miner support to develop its own economy, today's evidence suggests it may be on its way to doing so.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.