Bitcoin Cash came into existence in 2017 after the Bitcoin community split into two factions. One group wanted Bitcoin to remain a simple store of value. But another group favored developing Bitcoin as a peer-to-peer transaction vehicle and to increase the block size to hold more transactions. A hard fork on the Bitcoin blockchain gave birth to Bitcoin Cash.
"I have two regrets currently," Ver said. "I regret that the split between those camps didn't happen earlier." Ver also wishes his timing would have been better, as he did not get a 100 to 1 Bitcoin Cash to Bitcoin exchange, which was the exchange rate at the time of his trade. Today, the BCH to BTC exchange rate is at around 500 to 1.
Ver has been trotting the world to spread the gospel on Bitcoin Cash - the same kind of evangelism he practiced in promoting Bitcoin in its early days that earned him the moniker "Bitcoin Jesus." The Caribbean island nation of Antigua and Barbuda - one of the places where Ver obtained citizenship after renouncing his U.S. passport - reportedly now has over 40 major businesses that accept Bitcoin Cash for goods and services. While Bitcoin has become the darling of big investors, one prominent cryptocurrency evangelist would like you to take a closer look at its smaller sibling crypto, Bitcoin Cash.
Bitcoin Cash is currently the 13th most popular cryptocurrency in the world, with a US $ 9.6 billion market capitalization that is just a fraction of Bitcoin’s US $ 1 trillion. But the transaction volume on the Bitcoin Cash network is outpacing transactions on the Bitcoin network at a 10: 1 ratio, according to blockchain analytics engine Blockchair.
“One of the things that most people don't realize - there are already more transactions happening on the Bitcoin Cash network, right now, today, than there are on the Bitcoin network,” Bitcoin.com executive chairman and Bitcoin Cash promoter Roger Ver told Forkast.News in a video interview. "Right now, today, as we're recording this, more people are going to transact on the Bitcoin Cash network than on Bitcoin."
He is a boss...Bch is a real hiro..