Why #BCH and Not #BTC

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4 years ago

Here I am giving out reasons (read carefully, very important) why you should adopt Bitcoin Cash (BCH) instead of Bitcoin (BTC):-

  • Very first reason, Bitcoin is supposed to be 'Peer to Peer Electronic cash', the vision which was seen by Satoshi Nakamato. But in reality it isn't for the simple reason i.e. So called Digital Gold. This isn't supposed to be and wasn't intended by the Creator!. Bitcoin Cash isn't Digital Gold but 'Digital Savior' for Peer to Peer.

  • Bitcoin Transaction fees is supposed to be low as much as that any amount could be sent at a low cost. As of writing this article, BTC tranaction fees is around $4 while BCH tranaction fees is $0.0014. See the difference yourself here https://bitcoinfees.cash

  • Bitcoin doesn't allow 'Smart Contracts' while Bitcoin Cash will allow 'Smart Contracts'. Smart contracts are the type of contract in digital form (having code-base rule that self executes when certain conditions are met). (Optional to read https://cointelegraph.com/ethereum-for-beginners/what-are-smart-contracts-guide-for-beginners )

  • 'Bank The Unbanked', yes it is true that it was supposed to be allow access to services such as a electronic cash payment for those who doesn't have Bank. But in reality, high transaction fees and tag as Digital Gold doesn't seem to fit this vision. Here, BCH has a way to Bank the Unbanked. Eatbch, read.cash and many more projects are in the way to facilitate this.

  • Bitcoin Cash is now spreading worldwide in case of Merchants Payment Acceptance while at the same time Bitcoin is losing them. https://read.cash/@CryptoSmart/updated-bch-4500-merchants-accept-bch-in-world-and-new-12500-people-adopted-bch-via-readcash-e8858058

  • OMG! Bitcoin network is supposed to be 'Reliable' for those who couldn't afford high transaction cost. But, in reality, if you don't pay high transaction fees, your transaction confirmation could made you wait for several hours/days. In case of BCH, having high capacity to handle many transactions , it is fast and secure (here discretion goes to Miner for Bitcoin if they willing to accept low transaction fees).

  • Bitcoin block size is limit to 1MB while Bitcoin cash is On-Scaling chain. That's the very reason Bitcoin Cash network is secure and high transaction capacity.

  • For Merchants:- Bitcoin doesn't allow '0-Conf' while Bitcoin Cash has '0-Conf' record as soon as customer sends payment to merchants and also prevent 'Double Spending Attack'.

  • Concluding:- Bitcoin Cash is censorship resistant while Bitcoin is not.

Image Source- Modified

Bitcoin Cash as a peer to peer with truly decentralized is awaiting next milestone for the present and next generation to see here.

Thanks for reading. I hope you can see now why #BCH and not #BTC.

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4 years ago

Comments

wow

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4 years ago

nice

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4 years ago

Bitcoin Cash transaction fee is way more lower than Bitcoin and other cryptocurrency. Great article you have written. Thanks for sharing.

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4 years ago

Thanks for sharing information between Bch and btc

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4 years ago

BCH transaction fee is far lower than BTC

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4 years ago

Yes so true. Fees for bch is very low compared to the btc. That's why if I transact, I swap btc-bch first.

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4 years ago

Pls subscribe me plssss

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4 years ago

Thanks for sharing

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4 years ago

Thank you for sharing this great article

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4 years ago

I sincerely appreciate and express gratitude to @Omar, for giving upvote 2nd time to my articles. I had never thought that i will get upvote even after 2 days has been passed for publishing the article. I am glad you noticed it. Thanks Sir.

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4 years ago

Thanks for this one. Interesting

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4 years ago

Cool work, keep it it up👌

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4 years ago

Thanks for shareing

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4 years ago

Goood article its help to understand the cryptos

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4 years ago

more article like this😘

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4 years ago

make bitcoin cash again! #MBCA

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4 years ago

hmmmm

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4 years ago

Nice article

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4 years ago

I favor #BCh than #BTC. Good points

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4 years ago

I'am subscribe your channel

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4 years ago

So true nice info

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4 years ago

That's true and For me i must be preferred BCH

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4 years ago

Good

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4 years ago

Great information

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4 years ago

nice

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4 years ago

Good information

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4 years ago

Very nice. It's very informative.

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4 years ago

thank for this information about btc and bch

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4 years ago

Yes I understand why many people wants other cryptos than BTC

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4 years ago

Oh. Really

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4 years ago

It makes the way for the eager hustlers

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4 years ago