Hello Readers!!!

13.07.2022

I have a lot of questions about dominanace of cryptoverse by BTC. At this time BTC is covering whole crypto market and having it's effects on others aslo. But one thing i can not understood that if BitcoinCash is a hard fork of bitcoin and was developed to increase in block size and the main thing was to reduce the transaction fee and time and BitcoinCash did so. As Now BitcoinCash is much perfect and updated model of Bitcoin then why we are not accepting it seriously? I mean why BitcoinCash is not raising as Bitcoin? There are lot of marchents and users of BitcoinCash in the world than Bitcoin, bitcoin is not using for payment as it have costly transaction fee but still it's price is so high it's totally undefined phenomenon. When BTC rose up, all the other cryptoes are also starts graph building and when btc get down, all others are also in red. I don't think this is a good sign for the future of crypto, if btc will dominate others in future as it did in past then it's impossible to other cryptoes to have an organic growth. Organic growth of Cryptoverse will start when btc stops domination and i don't now how will it happen. Even though BTC is dominating all the crypto market but it also have some uniqueness such as limited supply of 21 million and decenterliezed. I have prepared a comparison of BTC with other cryptoes let's have a look.

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BitcoinCash Vs Bitcoin

These two are having more similarity technically but also some differences which makes one better than other. Bitcoin process 4.6 transaction per second while BitcoinCash process 116.4 transactions per second averagely. BTC cost 56$ for one transaction and BitcoinCash 0.00024$ averagely. These two features makes BitcoinCash unique than BTC. The current price of BitcoinCash is 96$ and BTC is $19180. BitcoinCash is still widely using in different areas and sectors but still under pressure.

Dash Vs Bitcoin

Dash is also a hard fork of bitcoin also known as Xcoin and dark coin, it was launched in 2014 for privacy and faster transaction. It called dark coin because it was used to receive press in dark net market. As you now BTC cost 59$ average for transaction but Dash coast 0.00043$ average for transaction. BTC takes time of 1hr and 15minutes to confirm the transaction while Dash takes time of 15minutes only. Dash has the limited supply of 18.5 million but btc has the limited supply of 21 million. The current price of Dash is 40.86$ and BTC is 19182$ as according to Binance.

BSV Vs Bitcoin

BitcoinSV was also spilt Bitcoin after spilating of BitcoinCash in ratio 1:1 . BSV cost cheaper fee 0.00055$ for a transaction than Btc but it takes more time of 7days to confirm fully and it's a long time. Currently price of BSV is 50$. BTC and BitcoinSV both has the same limited supply.

Nano Vs Bitcoin

Nano is the only one crypto coin which costs nothing for transaction and in 1 second performed the transaction. It was launched in 2015 for solving the problem of high fee and long time for transaction and it was successful but unfortunately it didn't get popularity I don't know why. It has maximum supply than BTC and lower price than BTC. Currently price of Nano in 0.86$.

Closing Thoughts

I am thinking of that why Bitcoin is much costly than BitcoinCash even BitcoinCash and other coins have unique features than BTC. This comparison i just do for information not for proving anyone wrong. Dominance of whole. cryptoverse by bitcoin is not acceptable for long time, it should end soon and start growing organically.

Note

The comparison of BTC with these coins is for information and entertainment not for proving wrong anyone. It is just a analysis based on information.

Additional Note 🤭

As the market is bleeding since last month and candles are red but investors are still holding there assest in crypto accrording to coinbase analytics investors are still holding 77% of total supply of bitcoin. This hodle shows the confidence of investors in crypto and it is the sign of survival of cryptoverse so be stable with your cryptoes specially with BitcoinCash. I am also trying to buy 1BCH but still confused buy it on 95$ or 50$? i heard the rumors news of price of BitcoinCash belwo the 50 and got stuck in my thoughts.

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Disclaimer

• These information was research from me in my mobile phone using my browser. The prices might be different with the time. All these thoughts and words are originally mine @Evelyn1 .

Have a good end of the day and healthy wealthy life. Thanks For Reading. ♥