Expectations From The Bitcoin Cash Upgrade
As we all await the upgrade scheduled for the 15th of November by Bitcoin Cash, there is an existing panic amongst **Bitcoin Cash** users based on what results the upgrade will bring. Personally, I feel there would be something more positive than the BCH we are having today, faster and reliable for local and cross border transactions.
***Why the Upgrade?***
In disagreement to *Amuary's* plan to implement the coinbase rule to Bitcoin ABC in which he made known and official in **his publications** on the 6 Aug 2020 which is meant to assign 8 percent of the newly mined coins to a specific address suspected to his, a major faction of the BCH ecosystem has agreed to do away with the Bitcoin ABC software node which was initially part of the BCH ecosystem. https://medium.com/bitcoin-abc/bitcoin-abcs-plan-for-the-november-2020-upgrade-65fb84c4348f
Denying Amuary's access after capitulation, Bitcoin Cash retains its aims to visualize its initial roadmap: the vision to become a sound virtual currency to enhance transactions around the globe, instigating the adoption of Bitcoin Cash around the Globe has been the priority in bringing its aims to realization.
Prior to the Upgrade, the clarity to Bitcoin Cash's decision has been seen as genuine and the expectations by BCH users should be positive as well. So far, a publication made by George Donnelly, '**What Bitcoin Cash Developers are Building Right Now: (Unofficial) Bitcoin Cash BCH 2021 Roadmaps****'** has a clearer definition to activities going on in the BCH ecosystem. https://read.cash/@georgedonnelly/what-bitcoin-cash-developers-are-building-right-now-unofficial-bitcoin-cash-bch-2021-roadmaps-07b64e08
Expectations after the upgrade
Like I suggested earlier in the article, expectations from BCH after the upgrade should remain positive, going deeply in to the expectations;
****An increase in the market capitalization**** of BCH due to its prior aim at expanding **BCH Adoption**. The vision of expanding BCH's adoption if productive, would see to the onboarding of new Bitcoin cash users around developing cities across the globe which will without doubts boost the capitalization after upgrade.
****Faster Transaction Propagation**** integrated by Johnathan Toomin, BCH becomes faster in transactions, this also is on track to its accomplishment of becoming a sound money for peer to peer transactions.
****Opportunities To Growing BCH Integrated Businesses**** With bitcoincash.site, Founded by George Donnelly. With the vision to groom and also support business ideas, Bitcoincash.site has included features of enlightening users about bitcoin cash and also take them through on courses which will broaden minds and develop skills towards the acquisition of Bitcoin Cash Assets.
****Low Cost or No Transaction Charges**** The upgrade maintains its initial low cost or no transaction charge for transaction within and across borders.
****An Upgraded Bitcoin Cash Node**** this will enhance performing more transactions at a smaller timeframe (300 transactions per second).
****Opportunities for Developers Inclined at Integrating Bitcoin Cash****
****A More Secured Interface for BCH Storage****
Common Questions Concerning The BCH Upgrade
While conversing with some BCH users I have onboarded, a question more complex to my ability to respond was thrown at me, I'll redirect the question to the Body of the BCH developers. The question is, ***will there be a change in the value of BCH after the upgrade?***
A more accurate answer to this will be much appreciated.
Reach out Via -Telegram https://t.me/bestiecrypto
The Difference between Bitcoin and Bitcoin Cash
The Difference between Bitcoin and Bitcoin Cash
Recently, while conversing with a group of persons about Bitcoin Cash, one amongst them asked a question which prompted me to make this article. He asked, what's the difference between **Bitcoin** and **Bitcoin Cash**?
It's quite true that a good number of persons can not tell the difference between Bitcoin and Bitcoin Cash except for the price value in which I was part some while ago.
Understanding these differences in some aspects might require some sort of technical knowledge and also more involvement in the use of the virtual currencies.
Although they might have some similarities in definitions, their histories are not the same. Bitcoin cash was derived from what is called a ***hard fork*** from Bitcoin on the 1st of August, 2017 with promises to realize a vision for digital cash that they felt Bitcoin itself had failed to deliver: a decentralized, high-volume payment system with low enough fees for anyone to use.
From history, you will see that Bitcoin got into existence before Bitcoin Cash did.
Also, about it's differences in **mining**, Bitcoin Cash and Bitcoin operates on the same hashing algorithm - `SHA-256`. With both crypto currencies sharing the same hashing algorithm, it means that miners can mine the both coins at the same time. For some time now, the profitability of mining **BTC** and **BCH** are much closer to each other than they used to be.
Finding differences in terms of ***block size***, Bitcoin maintains its 1MB block size while Bitcoin Cash integrates its block at 32MB, a huge difference which has been a key differentiator between these networks.
The block gives Bitcoin Cash a better advantage than Bitcoin because it could process more transactions than Bitcoin could if assigned equal time.
Are you also interested in it's differences in **transaction volume**? Although with Bitcoin cash's capability of processing transactions at cheaper rates and faster, Bitcoin has processed far more transaction than it has. Over the past few weeks, The Bitcoin network has averaged around 300,000 transactions per day compared to Bitcoin cash's average 17,000 per day.
Differences in terms of Market Capital.
The market Capital is actually the total number of transactions on the network from the creation of the currency, Bitcoin has witnessed a huge number of transactions as is the number one crypto currency in terms of Market capitalization.
Bitcoin has a market capitalization of $286.24 B which is approximately $28 B times larger than Bitcoin cash's market capitalization of $4.88 B with 18,568,170 market supply.
In summary, these are the basic differences between Bitcoin and Bitcoin Cash;
Bitcoin is limited by transaction processing time compared to Bitcoin Cash.
Bitcoin was started by an anonymous programmer or set of programmers called Satoshi Nakamoto while Bitcoin Cash was started by bitcoin miners and developers who performed a hard fork, concerned about the future of the bitcoin cryptocurrency, and its ability to scale effectively.
While bitcoin blocks are limited to 1 MB, Bitcoin cash's blocks are 32MB.
Bitcoin is abbreviated as BTC while Bitcoin Cash is abbreviated as BCH.
5 Crypto currencies to invest in by 2021
**Are you making plans of investing in Cryptocurrencies by 2021?**
My intentions is to make it easier with this guide to **5 Cryptocurrencies you should invest by 2021.**
It's fast approaching the end of 2020 and crypto currencies are getting stronger and better as Bitcoin keeps breaking limits. Although the future of crypto Currencies are not certain, and predicting it might be very tricky and difficult at times but if I am being asked to suggest just 5 Crypto currencies that will pull a positive trend by 2021 then these would be my suggestions.
With this article, I'll be listing just 5 Crypto currencies you should invest in by 2021 and my reasons why you should.
Are you Ready? I guess you are so, let's get started.
**Bitcoin Cash**
Bitcoin Cash, Launched in 2017 currently the fifth largest crypto currency by market Cap `$4,290,477,304`
Why not Bitcoin? Some may ask.
Bitcoin Cash for me is one of the best crypto currencies in existence that's because unlike every other crypto Currencies with bulky fees for transactions, Bitcoin Cash attracts a lower or no fee for transactions and is faster.
Although predictions for Bitcoin Cash varies, a giant trading platform Storm gain predicted a ride in BCH to $500, in this case, 2021 is the Prime Year for Bitcoin Cash.
**Bitcoin**
Don't get scared of choosing Bitcoin into your investment portfolio for 2021, Bitcoin is not yet at its peak.
Bitcoin started off 2020 at approximately $9500 and is currently shooting at approximately $15,365. In July, a chart associated with Citibank predicted that the price of Bitcoin could skyrocket to an incredible $120,000 in 2021!
Although there are no certainty to this prediction but it's all the way up for Bitcoin, *The Father of Crypto currencies.*
**Ethereum**
Despite it's High fees, I wouldn't fail to include Ethereum to the list.
Ethereum has been a promising crypto currency from it's birth, sweeping as the second largest crypto currency by market Cap.
Investing in Ethereum by 2021 would be a good choice as it has made promises of the **Ethereum 2.0** which would inclusively sort the high transaction fees on its blockchain and also render a more efficient space for investors.
**Tron**
Fourth on my list is Tron, founded in 2017. After it's break out from the Ethereum network, the Tron coin has witnessed a vast adoption by organizations which would without doubt lead to it's growth in value sooner or later.
Also, reasons that Tron hosts on more decentralized apps (DApps) will make it create more wave for itself within the world of crypto Currencies.
According to a prediction by Coinpedia, Tron could hit highs of $0.4, making it a profitable crypto currency to invest in by 2021.
**Litecoin**
Finally, litecoin wouldn't be a bad option investing in by 2021 though predicting its value might be a difficult one. Litecoin with a market Cap of $3,041,812,279 and strongly on the green radar would definitely be a good option.
The launch of the role-playing game (RPG) **LiteBringer**, which runs on the Litecoin blockchain, has caused a surge in transactions. According to the Litecoin Foundation, LiteBringer caused the number of transactions to triple in a week, with more than 75% of them now caused by the game. This performance is so encouraging that the platform CoinSwitch has predicted the price of Litecoin could reach $600 in 2021.
**Conclusion**
As long the the world keeps adopting Crypto currencies, there is a possibility that it will keep growing bigger and stronger so, if you are having in mind to invest on crypto currencies, The time is now.
Trade BCH on Local.bitcoin.com
Here's how to get started being a trader on local.bitcoin.com without being scared of loosing money to scammers or crypto theft.
First, I'd want you to know that the dreams in your head can be visualized by thoughts and brought to reality by actions, On local.bitcoin.com you can get started being a BCH trader with as Low as 1$.
Here's what Local.bitcoin.com is all about,
Just like every other trading platform where one buys and sells his assets, Local.bitcoin.com is designed to link you up with others who are interested in buying or selling Bitcoin Cash (BCH), (exchanging of a local currency for BCH) via a blind Escrow Smart contract.
How to Get Started
One would ask if trading on local.bitcoin.com requires a level of professionalism, well! On local.bitcoin.com one can make gains as long as you can buy when it's cheaper and sell when is costly.
`For Example:` A trader buys 1 BCH at $264 and sells it at 274$, he makes gain of $10.
All you need to do in order to get started is;
**Create an Account**: First and foremost, you will have to visit local.bitcoin.com using your web browser. Creating an account would require a Username, password and your email address. https://local.bitcoin.com/r/bestiecrypto
**Browse Listings**: Here's where the trade occurs, Once you have created an account on the platform, you will want to proceed to either, buy or Sell BCH.
Understanding Terms in Local.Bitcoin.com
These are the terms you will likely get across while trading on Local Bitcoin.com
**Escrow**
An Escrow is simply a third party that handles a transaction.
**Blind Escrow**
On local.bitcoin.com, while buying or selling a pair, a seller loads the BCH into an escrow in anticipation for the agreed payment by the buyer, This BCH is only released to the buyer once payment is being made.
How Secured Is Local.bitcoin.com
Everyone needs security to be sure every investments is safe, due to this, local.bitcoin.com has ensured that several security measures have been set in place. They include;
**End to End Message encryption**
Messages between a buyer and a seller on the platform are encrypted in such a way that only you the buyer and the seller can access this messages
**Identify Verification**
**Forward secrecy**
**Simple dispute resolution**
How To Buy And Sell BCH on Local.Bitcoin.Com
Local.bitcoin.com is a trading platform built for transacting BCH, although you can still earn some more through referrals but the Major purpose is buying and selling BCH.
After creating an account on the platform, proceed to browse Listings.
Choose either to buy or sell BCH
Include your payment option from the vast options provided by local.bitcoin.com
Choose your preferred location
Traders matching your options will be displayed
Proceed to Buy or Sell BCH
Note: The ability to Sell when the price is High and Buy when the price is low will earn you more profits.
Are There Fees Attached To Trading On Local.Bitcoin.Com?
Trading on local.bitcoin.com charges a 0.25% fee for the maker (the person who placed the offer listing) and 0.75% for the taker (the person responding to the offer).
BitcoinCash.Site Review
With the Aim to Onboard over 1 million new Bitcoin Cash (BCH) users by the end of 2021, Bitcoincash.site is set to create business ideas, nuture Ideas and groom them into successful businesses as Bitcoin Cash spreads worldwide.
Bitcoincash.site had it's flipstarter funding scheme flagged off by George Donnelly and completely funded 2 months ago due to it's transparency and core goals to the growth of the Bitcoin Cash community.
What Is Bitcoincash.site?
BitcoinCash.site is a marketing and onboarding hub for Bitcoin Cash in service of the goal of onboarding 1 million new people to Bitcoin Cash by 31 Dec 2021.
Bitcoincash.site, also Serving as a convenient, where entrepreneurial minds with the Aim of building with Bitcoin Cash could meet, interact and learn more via participating in courses organised by the hub, learning more about business models, creating solutions to common and complex problems using BCH as the fore tool.
**Here's What you can do on Bitcoincash.site -**
**Learn More About Bitcoin Cash**
As part of it's motions, Bitcoincash.site enlightens you more about Bitcoin Cash (BCH) with concrete reasons why you should choose Bitcoin Cash.
Micro Fees
Scalability
Unstoppable
Save Haven
Remittances
Cross Border Trade
Speedy In Transactions & More...
**Build A Business**
With Bitcoincash.site, you can nuture your business ideas into the standard of your dreams. How? The answer is BitcoinCash.site can act as a guide on how to start your own business, enlighten you on more business models and also support and mentoring all along your path to success.
**Learn About Bitcoin Cash (BCH) Mining.**
On the Bitcoincash.site hub, you can learn how to start a Bitcoin Cash mining process either with the hardware resources or the cloud.
Bitcoincash.Site Contact Support
As transparent as the hub is, you can contact bitcoincash.site with the details below;
Mail- hello@bitcoincash.site
Social Media
**Discord** http://discord.gg/NstmwYm
**LBRY** https://lbry.tv/@BitcoinCashSite
**YouTub****e** https://www.youtube.com/channel/UCIUzqEAs08a_IJFQHBu8abg
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**LinkedIn** https://www.linkedin.com/company/bitcoincashsite/
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You can Visit The Hub with the link, bitcoincash.site https://bitcoincash.site
@Bestie-Crypto