What is Bitcoin Cash?

• A well known bitcoin fork that is trying to forge its own path and identity

The question is, Can it really do this or should it be considered? Before anything else, let us knew when bitcoin cash started.

History of bitcoin cash

Bitcoin cash beginning can be traced back all the way in a conference in New York in year 2017. The conference"Consensus 2017" features a 100+ speakers and 2000 attendees from the leading industry start ups, investors, financial institutions, enterprise tech leaders and academy and policy groups who are building the foundation of the blockchain and digital currency economy.

Back then scaling a bitcoin is a challenge, network speed is slow and feast is climbing. So the titans in conference came up with a solution, the SegWit2x, which will increase the block size limit. But there are groups who are against this. The only way to scale bitcoin is is to increase the block size limit.

Bigger block > more transactions> more throughput>faster transactions>lower fees

This group who are against SegWit2x decided to split the blockchain into two. Thus Bitcoin cash is born, that has a 8mb block limit.

Bitcoin cash

So should we invest in Bitcoin Cash?

Bitcoin cash has established as a strong cryptocurrency throughout this years. In fact it is number 6 crypto in terms of market cap behind btc,eth,usdt,xrp and dot.

Bitcoin cash could be positive. The total hash rates is increasing. This shows that mining pools believe in thecfuture of BCH.

BCH fees are low again, so it is more stable with completing more transactions. This could stimulate the rise towards the cryptocurrency.

But just like bitcoin, BCH has its flaws.

Bitcoin Cash productivity depends on miners’ activity. Network complexity grows bigger, so miners have to spend more resources for effective work. This will have a negative effect on transaction rates. If this happens, the BCH price will fall.

This goes for security issues. If miners are reluctant to use their high hashing power, that 51% possibility of an attack will grow. Thus, someone with great resources could have the power to control the BCH chain and use it for their own needs.

As for me investing of BCH today may be a great deal. But i am not confident enough to try out my luck.

So instead of investing, im hodling all my earnings here at read.cash, hoping and praying that someday it will be as high as bitcoin.

So please take note of this.

Only invest what you can afford to lose