Cheapening of Bitcoin Cash (BCH) transaction fees

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3 years ago
In communities: Cryptocurrency and Blockchain(7b7f) , Bitcoin Cash(e11c) , Creative writing on any topic(49db)

Bitcoin Cash (BCH) succeeded in stealing the attention of cryptocurrency players. It can not be separated from the advantages it has. As for the appeal of bitcoin cash to the market, it is explained in more detail that Bitcoin Cash has superior technology, it can be seen from its blockchain that is bigger than bitcoin. Besides the price is also considered more attractive.

As the name implies, Bitcoin Cash is one of the branches of bitcoin that was released in 2016, precisely when bitcoin developers did not agree on the code changes needed at BTC. Bitcoin Cash was also deliberately created to answer the weaknesses of bitcoin all this time, namely related to scalability and transaction costs.

If in bitcoin the transaction fee is still the US $ 1.8 per transaction, bitcoin cash only applies a transaction fee of US $ 0.067 per transaction. The cheap transaction costs are obtained from the enlargement of the block size used by bitcoin cash, which is 8MH, far greater than the block owned by bitcoin which is still as big as 1MB. With a bigger block, bitcoin cash can also cut transaction times faster.

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Comments

The exchange charge might be modest truly, this shows BCH is truly noting individuals' longing for less expensive exchange charges, lesser time for the exchange, and the genuine money exchange mode in digital currency. A debt of gratitude is in order for featuring this point. The benefits of BCH horribly exceed that of BTC in all consequences, and this is enormously representing its mass selection. As I would see it, the low exchange charges are perhaps the best bit of leeway of BCH. A debt of gratitude is in order for sharing... Presently I comprehend somewhat better about the idea of Bitcoin money

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User's avatar Jthan
3 years ago

The advantages of BCH grossly outweigh that of BTC in all ramifications, and this is greatly speaking for its mass adoption.

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User's avatar Olad
3 years ago

Over the last 10 months, the median average for daily BCH miner fees has not risen above a penny. Typically, a transaction of 236 bytes or less costs the sender around $0.001 to $0.008 on the Bitcoin Cash blockchain

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User's avatar DZ4FREE
3 years ago

Yes the low transaction fee attracts a lot of people to bring a lot more transactions.

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User's avatar Sdsahu101
3 years ago

In my opinion, the low transaction fees are one of the best advantages of BCH.

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User's avatar The.Part.Time.Economist
3 years ago

Bitcoin cash has many advantages and a great potential to be one of the leading digital currencies in near term

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User's avatar Cryptonoob
3 years ago

Wow this is pretty cool... Thanks for sharing... Now I understand a bit better about the concept of Bitcoin cash

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User's avatar lilsoftx
3 years ago

Yah! The transaction fee may be cheap really, this shows that BCH is really answering peoples desire for cheaper transaction fee, lesser time for transaction and the true cash transaction mode in cryptocurrency. Thanks for highlighting this point.

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User's avatar Olad
3 years ago

Do your best sir

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User's avatar Markluchie
3 years ago
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