History and Future of Bitcoin Cash

Ever wondered why bitcoin cash has almost the same name as bitcoin? Ever wondered how they are related to each other? In this article I will explain to you with outmost simplicity so everyone could understand.

Bitcoin Cash like Bitcoin has it's own blockchain.It is younger than bitcoin since it was created at the end of year 2016. Back in the day were bitcoin cash wasn't still created ,there was a misunderstanding between developers of bitcoin on the proposed changes and with that being said a group of developers decided to FORK bitcoin for a creation of a new version with the same codes but has few enhancements.

I might as well explain what "FORK" means.

A fork is created when the original code of the blockchain is updated and only a few of the computers on the blockchain accepts the update which results to the updated nodes split off from the original blockchain and create a new blockchain and the coins on the blockchain becomes separate ,different and very unique from the ones on the original blockchain.

I might also explain what is a block chain.

On simple explanation a blockchain is where the transactions happens. The blockchain is decentralized meaning it is not owned by a single party, transactions are verified by computers that run the blockchain which can be owned by anyone and cannot be cannot be counterfeited because of the blockchain technology.

Now we talk about the future of Bitcoin cash.

As of today Bitcoin is still the most valuable cryptocurrency in the market.

But lets take a look at some advantages as to why bitcoin cash might be the new dominat crypto in the market

First, bitcoin cash has 8 times bigger block than bitcoin thus makes more scalable than bitcoin meaning more people can transact on the blockchain at a given time.

Second, bitcoin cash has cheaper transaction fees than bitcoin which makes us save money.

Third, bitcoin cash has faster tansaction time than bitcoin and saves us time in waiting for the block to verify.

And lastly, bitcoin cash can handle more transactions than bitcoin due to it's bigger blockchain than bitcoin which allows more people to transact at a given time.

There are a lot of advantages in bitcoin cash but peoples confusion and lack of knowledge hinders the growth of bitcoin cash on the market ,with some people saying that it is a total copy of bitcoin and is used to trick investors into buying fake bitcoin which is absolutely not true at all.

With all this information I gathered, researched and accumulated. It is still in your own hands on where to put your investment. I will still suggest that you consult a proffesional advisor for that. I hope you learned a little out if this article. And always remember if you wanna know who can change your future ...face the mirror and take a look .