Since the birth of cryptocurrency, Bitcoin has been the dominant digital coin, and has been so influencial in determining the prices of other alt coin. But many Bitcoin investors still don't want to accept the fact that Bitcoin is no longer the Bitcoin that was envisioned by Sathoshi many years ago.
Since Bitcoin has become more popular, the amount of time it takes for you process transaction his becoming more and more slower, that the cost of every Bitcoin transaction is becoming more expensive everyday has the prices of Bitcoin keep increasing. Bitcoin that was supposed to be used as a peer to peer digital currency is becoming more of a digital currency of the elite and only for those who has enough fund and patience to carry out transaction.
The reason why sathoshi created Bitcoin was to eliminate the need for a third party, since most third party charge high prices for carrying out transaction.
But the Bitcoin we have today is not really what sathoshi has envisioned.these is the reason behind Bitcoincash and why Bitcoincash is truly unique.
Bitcoincash is a product of hard-fork from Bitcoin itself. It all started when developer were debating about the future of bitcoin and how to improve it. The developer of Bitcoincash came to realise that the more people are using bitcoin it transaction fee was increasing and it was getting slower to carry out transaction every day.
To help solve these problem, developer provided two unique ways, either they should increase the block size or they should change the format of each block.
So a vote was cast, despite the developer knowing that even if the format of each block was change, it will increase the speed of bitcoin transaction but it was a temporary solution to a long time problem. Well the developer who believe in increasing the block of bitcoin has to hard fork away from bitcoin and form Bitcoincash.
What makes Bitcoincash unique?
Bitcoincash has a very similar technology to bitcoin except that Bitcoincash is much more a peer to peer digital currency that can be use for day to day payment and transaction. It has a much more faster transaction rate than bitcoin and it has a lower transaction fee compare to bitcoin.
Since the rise of bitcoin price we would notice that most people complain about the price of transaction fee of bitcoin sometimes transaction fee may be higher than even the amount you want to send. But Bitcoincash is different despite the increase in price of Bitcoincash it has transaction fee is still lower.
Bitcoincash has proved to be the real peer-peer cryptocurrency that we have in our society today.
