BCH: A Global P2P cash money

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Avatar for BCH.Serg
3 years ago

Bitcoin Cash has a very interesting start up for this year 2021. Why?

First, the launch of Anyhedge protocol developed General Protocol team with its platform, detoken.net, the first DeFi protocol based on Bitcoin Cash blockchain.

Second, Kim Dotcom, an internet entrepreneur, who owns MegaUpload, now fully support Bitcoin Cash. He will use BCH as a way of monetization payment system for his nee project K.IM. It is expected that K.IM will be launch at Q4 of this year. (You know what this means - HODL)

Third, International Game Technology (IGT), plans to incorporate Bitcoin Cash into its technology. Gambler can pay his bet using BCH. The said project was not yet concluded, but think about what will happen when this happens.

Fourth, the growing numbers of platforms powered by Bitcoin Cash (Thanks to @MarcDeMesel and @Read.Cashteam), with this more people will know about Bitcoin Cash. A little more encouragement and assurance, Users will start to adopt.


Why Bitcoin Cash is the global p2p cash money?

1. Uncensorable

We know that cryptocurrency is created to fight censorship. With BCH, you don't have to worry anymore about your money being frozen, stolen or seized by any third party (government, visa, etc). Just don't lose your keys like I did before, and try to avoid scams.

Social platform like memo.cash, also powered up by Bitcoin Cash, are built to fight censorship. With this, you can practice your freedom of speech not worrying that your account will be suspended just like twitter did few days before.

2. Reliable/Secure

When it comes to reliability and Security, count Bitcoin Cash in. BCH is a safe investment. Based on what I knew (research), there is not a single incident that BCH was hacked since it was launched.

3. Low Cost

Transaction fees compared to Bitcoin are much lower, it can be as low as $0.001 per transaction, that is why we can upvote/tip someone's article/post here in read.cash and noise.cash by as low as $0.01.

Even millions of transactions were to be processed, transactions fees won't get high. It was proved last december 2017 when 2.2 million transaction were processed within a day.

Remember that low fees allows more innovation and global adoption.

4. Fast

The reason why it's fast is because it can handle more transaction. BCH is created to beat the scalability issue of BTC.

With it's larger blocksize, it allows multiple transactions to enter the blockchain preventing the network from clogging.

Thoughts

I know for myself that Bitcoin Cash has a bright future ahead. With the growing numbers of projects and big names who are in support of bitcoin cash, you should tell by now what lies ahead of you. As per Roger Ver told in his interview, we can hit $100,000 as time goes on.

BCH is a global peer-to-peer cash money because it is uncensorable, reliable, secure, fast and cheap.

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3 years ago

Comments

Bch for the win

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3 years ago

Nice article. Thanks very informative

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3 years ago