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.
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.
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.
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