As I am newbie in this crypto currency world, and going through a lot of research and study related to crypto currency, so I came across with Bitcoin cash. But before coming to a conclusion, that is it better to utilize Bitcoin cash as a transaction mode? And is it better than other crypto currencies? I would like to start with how it Bitcoin cash came into its origin.
How Bitcoin Cash (BCH) Came into Existence
When a group of Bitcoin miners and developers started Bitcoin cash with only one agenda of making crypto currency and its ability to scale successfully. However in the year 2018 Bitcoin cash was launched as a new currency BCH, in the crypto world as it had its separate blockchain which was known as Hard Fork.
How it eventually attracted eyeballs
1. No more Waiting
By the help of Hard Fork Bitcoin cash was having a unique benefit then other crypto currencies as it was processing transactions more quickly than any other Bitcoin network, which basically means that the transaction processing waiting time was shorter and the transactional fees was also low as compare to other network fees.
2. No more Frauds
As using traditional payment methods like credit card or debit card, there are high chances of frauds and thefts due to which customer might lose large sum of money. But using Bitcoin cash as a mode of transaction is much safer than any other payment platform as it has Blockchain which is the most secure form of money transfer, using crypto currency or decentralization it becomes nearly impossible to manipulate the system.
Creating Trust among People
As people are starting to realize that Bitcoin cash is a secure and fast mode of transaction the more people are utilizing this facility, hence some shops are now accepting Bitcoin Cash as a payment mode. Example Gentlemen Jones Barber Shop is now accepting Bitcoin Cash, and says that it is much easier to handle than any other payment method.
Conclusion
As the information mentioned above, would give an idea that what really Bitcoin Cash is and how it is actually changing the mode of payment and what is the reason people are shifting. In the end I would just say that people should use Bitcoin Cash as a transaction mode than any other payment method as it has a bright future.
In my personal case I decided to switch to Bitcoin BCH because I got tired and sick of paying high transaction fees and no matter what I use it was always high fees. Not to mention that with Bitcoin Cash now I have more freedom to do many things with my money and transaction fees are not stopping me from adopting new things with in the BCH network.