Maybe some of you didn't know yet what is Bitcoin Cash.
Maybe some of you thought that Bitcoin cash is just the same as Bitcoin.
Or maybe some of you know nothing at all.
I am telling you now, the things you should now about Bitcoin cash and how it differs from Bitcoin.
Nowadays, Bitcoin cash is absolutely searched through the market recently. It is also one of the leading crypto currency in the coinmarketcap.com right now, ranked 5th with a market capitalization $4.06 Billion and it's current rate of $220.07
With all these data, what I thought I'd do is take you through a very brief overview of what is Bitcoin cash and the difference between Bitcoin and Bitcoin cash.
Now, Bitcoin Cash by its definition is peer-to-peer electronic cash before the Internet. It is fully decentralized with no central bank that is not owned by anyone or any bank. It requires no third trusted third parties to operate now, exactly the same as Bitcoin it is electronic money.
It's not really physically holding in your hand or a cash since it is a digital money and you can control it anytim. As I've said it's not operated by any bank or government.
Bitcoin cash was born since there were problems that were seen on the Bitcoin network, those are being scalability issues. So with its increased popularity, the number of transactions were increasing where it became a backlog of transactions on the network that's why people are waiting for absolutely ages for transactions to complete.
Why is Bitcoin cash becoming so popular?
Now with this increased credibility to the fact that it's now hit that top 5 spot on coinmarketcap and the fact that a lot more exchanges are using Bitcoin cash you know a lot more people are moving acrossto the coin also the fact that it has those fastest transactions going across the network and more miners are also moving across to Bitcoin cash in the fact that they're now have increased profitability as well.
Again, that was a very brief overview of Bitcoin cash.
That was great info brother! Sometimes bitcoin and bitcoin cash are being confused by some other people. And it should be known by them through your article. Thanks for this!