2023 will be a year for BCH to make it, or break it

BCH has come a long way since it made its debut just 5 years ago. The currency has fought the battle of survival and fame on the many fronts it could. Despite all these challenges, BCH has managed to stay ahead of the current crop of competitors.

Now, as we reach the end of the year 2022, it is up to the BCH supporters to face the most crucial test in the history of Bitcoin. The BCH maniacs must brace up to face up to the impending threats from the major players of the cryptocurrency world, especially from haters of the peer-to-peer digital currency and the various government institutions in the nations where BCH has spread its wings.

We will take a look at some of the prospects that will make BCH and the community make it through the turmoil and shine in 2023.

One of the most crucial issues facing any blockchain is that of upgrade. There are many reasons behind this conundrum. First of all, there is the problem of disagreements among developers on what type of upgrade is appropriate. Some say to add features, others say to change the underlying architecture. This issue has been a matter of concern for BCH during the period of upgrades. Consequently, a series of hard forks or splits of BCH has taken place in the past.

However, the last two upgrades to the Bitcoin cash network were pretty successful and brought many features that the community had been yearning for. This shows that the Bitcoin cash community is working harmoniously and is ready to take on any further challenges that may hinder the progress of BCH.

Coming from successful back-to-back upgrades, it's convenient to say that the BCH community is now mature enough to withstand any shocks that may come its way. However, there are a few other challenges that it must cope with. The first of them is the price manipulation that is playing out in the cryptocurrency world. The long and bitter attacks on BCH have already shown signs of stopping and this, in turn, will affect its price.

We cannot say for sure whether the shorting of BCH by exchanges will stop, but we can say for sure that more exchanges will be entering the Bitcoin Cash race in the future.

BCH has now succeeded in getting many advantages over BTC as It's supposed to be. With a faster network, a larger block size, and an offering of other features such as increased privacy and smart contracts. This will enable the BCH community to attract new users and increase its value.

The Bitcoin cash network is continuously being improved and features being introduced into it are fueling the competition and also giving it a good chance to achieve its mission of becoming a future dominant cryptocurrency.

The BCH adoption has reached a stage of potential legal status in some Nations. With St . Kitts and Nevis as the most recent Country that has made some moves to legalize BCH as legal tender, a few more Countries are expected to make similar moves soon.

These will act as a driver for adoption by mainstream users. However, the BCH community must be ready to face this situation. This will certainly provide it with its biggest chance to succeed.

There's no other cryptocurrency that has reached potential adoption for a legal purpose other than Bitcoin Cash. What sets Bitcoin Cash apart from other cryptocurrencies is that it doesn't require any additional technical groundwork to make it work as money, which is legal tender. This makes BCH the only digital currency that is ready to be adopted by more and more people.

The year 2023 will be an interesting year for BCH as it will mark an important milestone in its history.

Many expect a surge in price and a growth of BCH. In this situation, the community must be ready to face the challenges that the market may bring to it and adopt innovative strategies to preserve its gains.

Although the BCH space is very tight now, it's more than likely that in the next few years, new players will enter the arena with alternative cryptocurrencies. The competition will intensify and will create many opportunities for new developers and the BCH community to emerge as the dominant cryptocurrency of the future.

Bottom line

2023 could be one of the most exciting years for Bitcoin Cash. Several factors could create a positive environment for the BCH community. But the biggest of them all is that the world is ready for Bitcoin Cash with St. Kitts and Nevis leading the way.

All the bases for a successful Bitcoin Cash economy are laid, however, it's time to fully embrace it by working harmoniously with each other and not by taking each other for granted. The more popular the BCH currency gets, the more this phenomenon will attract others into its world.