Talking About Blockchain And Cryptocurrency

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Avatar for Bjorn
Written by
2 years ago

Some people always wanted to try something new, something different. Whether it is a process or rules they will attempt to try them if that can make their life easier.

If the new process can help them grow or can meet their demands, their necessities in life they would go for it. In other worlds they tend to adapt a solution to a particular problem.

On the other hand there are people that don’t like this practice or if not they need a lot of explanations and proof and even show them tangible things just to believe.

Almost all users in this platform are aware of digital currency and Bitcoin Cash being the main cryptocurrency as the mode for receiving and giving rewards  to every post or comment.  

Bitcoin (BTC), the first known cryptocurrency,  has been revolutionizing the process of payment transactions for a decade now and a lot of people are making their way to adopt it in replace of fiat currency.  

However Bitcoin is not yet considered a currency and still in debate. It is a digital asset to work as a currency thus naming it to digital currency or the most common term cryptocurrency.

This cryptocurrency runs on Blockchain technology and the government wants to shut it down because they can’t add tax to every crypto transaction. And because it is a highly encrypted asset, no one can control it even the government, no one owns it because it is stored in a decentralized network.

One more thing that the government was keen to censorship of the Blockchain is that the transaction protocol does not need agreement with the law. It doesn't necessarily require a valid binding agreement with the government authority. 

All it needs is a smart contract.

With the Bitcoins gradually increasing,  it has attracted the attention of institutions and more people are adopting BTC and other cryptocurrency as a payment method. This also attracts new investors and traders.

However some investors are no longer investing in Bitcoin because of some serious risk like highly volatile, no regulation and limited use.

The people however are making their way to the revolution. They have long been using this Blockchain technology and they have been enjoying its benefits of using cryptocurrency as a mode of payment, spending it, as well as sending overseas without the need of a remittance center.

There are more than 2000 cryptocurrency as of today. Ethereum (ETH), Litecoin (LTC), Cardano (ADA), Polkadot (DOT) and Bitcoin Cash (BCH) are the 5 more important cryptocurrencies other than Bitcoin (BTC).

Bitcoin Cash (BCH) is the most successful hard forks of the original Bitcoin and began in 2017. The split of Bitcoin was made because of the issue with scalability. The Bitcoin network has a very limited size of blocks and BCH increases it. Having the idea to hold more transactions in a larger block and thus can speed up the transactions.

First Bitcoin jeepney

These cryptocurrency are being spread by people globally but Bitcoin Cash is more popular these days. With the adoption of this platform to BCH, the popularity increases. More and more people are joining the community. More people benefited from the great opportunity.

Some users are already making their move to spreading the Bitcoin Cash adoption. They use other social media platforms to bring the good news about bitcoin cash. Some even print leaflets and even on T-shirts and other stuff. The revolution has begun.

Since we are here on this platform for Bitcoin Cash earning then there is no way that we are already part of the revolution. We earn, spend and send BCH so why not make our own way of spreading the BCH adoption. The future is moving forward, the world is becoming digital.

Thanks for reading. Ciao!

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You may want to support me with my journey here at read.cash, I will highly appreciate it. 

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Feel free to check my previous post:

Untitled Story

Bitcoin Cash Daily Earning Is More Than A Day Job

The Marksman: Liam Neeson

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Photo Credits:

Olav Ahrens Røtne

Executium

Danielle Rice

Bermix Studio

Lead image credit:

FRANK SCHUENGEL

Resources:

First Bitcoin jeepney hits the roads of Metro Manila

The 10 Most Important Cryptocurrencies Other Than Bitcoin

What is bitcoin? 

Is Bitcoin a Good Investment?

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Avatar for Bjorn
Written by
2 years ago

Comments

I hope it will just influence my family, so they an earn like me. Being open to mew things is a good thing, too. I hope they will realize it one day.

$ 0.00
2 years ago

Yes, little by little they will learn about.

$ 0.00
2 years ago

Good to see you again your article is quite similar with my article. I also talked about hard fork history and when it happened in August 2017. BCH is my to favorite one because almost all time we play with it. Because others cryptocurrencies are out of our range. But this is best to help us out from hard time. Keep it up. Appricate your efforts

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2 years ago

I am not really good at writing Crypto, somehow i am trying to understand and learn from it. Thanks for reading.

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2 years ago

You are welcome

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2 years ago