@Alther
edited
more from that month
Cheapening of Bitcoin Cash (BCH) transaction fees
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.
8 comments
BCH is rising nicely with real mass adoption - top 2 for sure! LOVE THE COMMUNITY AROUND BCH AND MOST WANTING REALL BENEFITS SHARED.
Yes the low transaction fee attracts a lot of people to bring a lot more transactions.
The advantages of BCH grossly outweigh that of BTC in all ramifications, and this is greatly speaking for its mass adoption.
Yeah costs, speed and mass adoption are all advantages of BCH. I thought the fork was in 2017. BUt will have to check that.
Wow this is pretty cool... Thanks for sharing... Now I understand a bit better about the concept of Bitcoin cash
Bitcoin cash has many advantages and a great potential to be one of the leading digital currencies in near term
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.
In my opinion, the low transaction fees are one of the best advantages of BCH.