Bitcoincash: The revolution of peer-to-peer electronic cash.

1 72

The creation of Bitcoincash and other altcoins started with a thought and later became a project.

Replacement for Bitcoin you think, or another version of Bitcoin I guess???

Is Bitcoincash really here to stay or just for a mean time???, Checking Bitcoin during it launch and few years later, low processing fee was listed among it white paper but all this are not longer working, Bitcoincash might just end just like Bitcoin since Bitcoin started well but end becoming a digital gold for maximalists.


Meet the digital electronic cash that supports low processing fee ;Bitcoincash.


Bitcoincash finally became a reality in the early August after the launch of it test net and after it white paper was published. Bitcoincash might be the hard fork of Bitcoin, it is also the hidden legend Satoshi wrote about.

During the crypto market dip Bitcoincash still stands it feet and supports low processing fee but in the real term the quantity used to transact is higher than that of when Bitcoincash was between $600- $700. The dip made the transaction quantity about 3× and the transaction fee is still equal to 0 and not up to one cents.

The listing of Bitcoincash on many exchange wallet(custodian wallet ) is spoil the true potential and the opportunities listed in the white paper. The exchange wallets support large amount of fee of the transactions of Bitcoincash to non custodian wallet. To transfer about $4 on binance requires about $0.30. but non custodian wallet supports low fee and the white paper works probably on only custodian wallet and not all exchange wallets.

Bitcoincash scaling blocks and support fast transactions and thanks to many exchange wallet Bitcoincash has about three types of transaction types. The transaction depends how the users want to save their money or patient users. Bitcoincash supports fastest network, fast network, economy network and only found this features in few non custodian wallet

  • Fastest network is less than 1 cents or equal to one cents.

  • Fast network is about 2× low the fee of that of the fastest network.

  • The economy network is about 3× that of the fast network.


Projects does not support the growth of users only but also help to maximize the users.


Many Bitcoincash projects claims to help in the growth of Bitcoincash and it network and the value of many projects on Bitcoincash ecosystem is not doing anything better to Bitcoincash price, the price can't be determined by the amount of projects or even the amount of users but it is natural.

Flipstater campaigns might be the savior of Bitcoincash but Also has it dark side. Many claim to create projects to support the people in different communities and assist others and even list alot of lackings in flipstater campaign but end up doing none. Some even list or take pictures about uncompleted projects to gain the interest of many but the project end up becoming a scam because the one behind projects or those behind the project might just take the money for their selfish gain.

The theory that the more the active users a coin have the more the bullish the coin become or the more it rise in price. This theory doesn't apply on Bitcoincash.

Many cryptocurrencies is expected to face Halving block rewards by next year and this may later end up in scarcity if the demand for coin is stable. The Halving block rewards continues after every few years still all is mined in the pool and the miners would have to face and Concentrate on mining from transactions fee. When the transaction fee get too high, the transaction rate would decrease and the miners would be left to mine a little amount by the end.

In summary.

Clarity and faithfulness are one the factors that promotes projects, but the fact that few people start their flipstater campaign mainly because of the desire to acquire money and also to affect users and investors in Bitcoincash projects.

The Halving might also occur in Bitcoincash in the next few months and the market might end becoming bullish again. All cryptocurrencies might stand their feets again and all investors would smile again.

Bitcoincash is durable and has lost cost maintenance, you can just switch to any thing of economical transaction network depending on how the users want to save and many their assest. Fastest network are those who are able to afford it and if yearly a transaction fee is estimated depending on the network used by user or by comparison there would be a slight difference between the amount spent on different network.

Copy disclaimer!!!

All information in this article carries facts and more information about the topic and all materials used in this article are mine unless stated other wise.

The information are free from erotic contents and all the information are used for promotion of cryptocurrencies.

No part of this article can be reprinted or republished without the consent of the writer.

8
$ 7.55
$ 7.36 from @TheRandomRewarder
$ 0.10 from @Omar
$ 0.03 from @Korgueshy3.50
+ 3

Comments

This is a really insightful topic on Bitcoin Cash. Most of the starters of flipstarter campaigns might do it for their own interest and not the main reason in which the community was originally for.

$ 0.01
1 year ago