Why Bitcoincash.
Bitcoincash is the fastest growing fork of Bitcoin. The coin has so far faced alot of progress and like wise otherwise. Bitcoincash is the fast growing p2p decentralized electronic cash.
So why did many opt from other coins to Bitcoincash.
Bitcoincash is known for it feeless and for it scaling blocks in couple of mins i.e fast transactions. The main carrier of the legacy of Bitcoin and with time it would be about 20times the market cap of Bitcoin.
Comparing the transaction fee of Bitcoincash and Others is what many heterogeneous investors and many articles about it on read.cash it self.
The main reasons why many investors opt out of many and invest in Bitcoincash is listed below.
Feeless.
Smartbch a replacement for ethereum.
The fast growing market cap price.
The bright future.
The block sizes that enables fast transactions.
Why did I go for Bitcoincash.
Looking for economical coin, I found Bitcoincash at my point of need where I decided to go digital with spending much sending money from my country to other countries with a really low transaction fees with and also a peer-to-peer decentralized assest that is not controlled by intermediary and also banks.
Why Bitcoincash: join the digital money revolution.
Source: the above topic and information in this section is sourced from here.
The reasons why many chose to go for Bitcoincash is listed below.
An imminent transformation.
"Cryptocurrencies stand to transform the way business and individuals exchange value,As demand for fast, borderless, cheap transactions grows, so does the value of the currency powering it"
-credited source
Cryptocurrencies is the fastest growing verse with alot of opportunities to be explored and this opportunities are revealed to those invest in it.
Satoshi's aim was to introduce to the world the money or assest that is not controlled by an mid-party like banks which brought the rise of Bitcoin the first cryptocurrency in the crypto-verse.
What are they good for?
"Bitcoincash:Just like Bitcoin, with small adjustments, making it the digital equivalent of cash".
"Bitcoin:Useful as store of value, making it the digital equivalent of gold".
-Credited source
Cryptocurrencies are good for alot of things not to talk of the benefits and the reasons alot of maximalists of BTC swapped to Bitcoincash check out this article.
https://read.cash/@Fexonice1/btc-maxis-exit-to-bch-now-while-its-still-cheap-f05325b3.
Bch is a replacement for the digital gold, can cash replace gold?????,
Bitcoin Cash believes in the original vision Bitcoin by Satoshi Nakamoto.
"A fast, secure, worldwide peer to peer electronic cash system with low processing fees".
-credited source
Let say this can There be any transactions made in the real world or bank that has low processing fee ????
Cryptocurrencies has brought that to us and comparing cryptocurrency transactions to bank transactions, there are not to be compared because of it benefits to the real world.
So, what's the difference between Bitcoin Cash and Bitcoin?
Comparing the leading cryptocurreny and Bitcoincash is what many are writing about here on read.cash. Bitcoincash is the peer-to-peer decentralized digital cash in the crypto-verse while Bitcoin is the the peer-to-peer decentralized world's digital gold .
1) How fast is it?
"With transactions taking hours or even days, Bitcoin does not meet the market demand for instant payments".
-credited source
Bitcoincash is the one of the fastest p2p decentralized digital assest , and the proof of this is shown on Bitcoin.com wallet and yet Bitcoin was not able to satisfy the aim of Satoshi.
Bitcoincash: over 100 transactions made per second.
3-7 transactions made per second.
2)How much does it cost to send?
With transaction fees fluctuating between $5 and $50, Bitcoin is impractical for casual spending and micro-transactions
-credited source
Why many is pissed of using many coins and token is because of the transactions cost.
comparing Bitcoincash transaction fee and Bitcoin transaction fee, micro transactions cost 1cents or even less than that while Bitcoin transaction fee is really mind blowing cause it doesn't really support micro transactions since the smallest transaction fee is about $5.
3)Isn't gold more valuable?
Bitcoincash:World wide cash market is over $100 trillion
Bitcoin: world wide gold market is over $10trillion.
-credited source
The digital gold is about 12years old and yet it market cap is around $10 trillion dollars while it fork surpasses it ten fold.
4)Bitcoin was just the first step, Bitcoin Cash is the next.
We believe peer-to-peer electronic cash is a useful tool towards economic freedom.
-credited source
Reading the first white paper, Satoshi's white paper there are some features that was added to Bitcoin white paper and yet Bitcoin is not is off from this features. I believe bitcoin just gave way to the birth of the real preacher of Satoshi's plan for freedom in ones finance.
5)Global transaction market.
Even 1% of global transactions would mean 82 million transactions per day for BCH.
-credited source
The global market shows that most transactions on the crypto-verse are done via the digital cash which is Bitcoincash.
6) The opportunity
With a cash market 10x bigger than gold, Bitcoin Cash has a bigger upside potential
Bitcoin Cash is already doing 120% of the transaction volume that Bitcoin does, but is only valued at 1% of the current Bitcoin valuation
-credited source
Alot opportunities are in the digital cash one of the most valuable opportunity is the smartbch, currently most tokens on the smartbch are facing rug pull (low liquidity) and some of this projects are scams.
7)A chance to do better
Bitcoin Cash wants to be carbon neutral, and put in everyone's hands the power to create a positive impact.
-credited source
Bitcoincash gave alot of investors opportunities and a new opportunity for Bitcoin to do better thanks to it fork since Bitcoin could achieve somethings so hopes are on it fork.
8)Instead of fees, plant some trees
BCH is almost free to send. On every checkout you can choose to help the planet. Coming soon.
-credited source
Since there is less transactions fee you can rather use your those large fee that was supposed to be transacted using Bitcoin can be used to plant tree seedlings.
9)What you get with Bitcoin Cash
We already know Bitcoin Cash enables instant transactions, at a fraction of a cent
But it doesn't stop there...
-credited source
Alot of people using Bitcoincash for different purposes, alot exchange wallets like bitpay make people pay for goods using Bitcoincash.
Conclusion.
There lots of reasons why many started investing in Bitcoincash, not only because of the opportunities but mainly because of decentralization and it low fee.
All information this article carries facts and more information about the topic and all materials used in this article are mine unless stated other wise.
Some of the information where source from here.
And the image are Designed using canva and the lead image from here.
The information are free from erotic contents and all the information are used for promotion of cryptocurrencies.
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Well-written! Bitcoin is truly an excellent go for any cryptocurrency. I suggest you write the negative sides of Bitcoin, and make it a persuasive sort of writing. All in all, I commend your article. Kudos!