BitcoinCash: Uniqueness of Bitcoincash
BitcoinCash is a cryptocurrency like other cryptocurrencies. But it has some unique features that make it an attractive alternative to other cryptocurrencies like Bitcoin. Here are some unique things about BitcoinCash.
BitcoinCash logo is green
BitcoinCash, whose logo looks exactly like that of Bitcoin but just with green colour. The logo is simply an illustration with B striked by two lines. No fancy graphics, no complex mathematical equations, just a simple image to convey the basic idea of the currency which is digital cash. This is to reflect the environment friendliness of the cryptocurrency.
Green is a very special colour in the world of cryptocurrency. Majority of us knows the joy we feel when we see the green colour in the market. Same joy is what BitcoinCash gives. It illustrated that BitcoinCash is a joy giver.
BitcoinCash is environmentally friendly in that its network uses significantly less electricity than that of Bitcoin. The BCH network consumes one-seventh of the electricity used by Bitcoin and has a transaction processing speed of 60 transactions per second compared to the 6 transactions per second of Bitcoin.
BitcoinCash is also a payment system that powers instant transactions and micro-transactions between parties across the globe. BitcoinCash has removed the need for costly intermediaries, allowing transactions to be performed at much lower costs than with any other payment system.
BitcoinCash (BCH) currently has a total market cap of more than $6 Billion USD.
BitcoinCash has an average Block Time of around 10 Minutes, which is 4x faster than BTC
It has an average transaction fees of around $0.005, which is 2x lower than BTC.
BitcoinCash is supported by most leading exchanges and can be held on any hardware wallet, ledger wallet etc.
Bitcoin Cash implements the wormhole protocol. This makes it easy for anyone to issue tokens on the BCH blockchain to use as they wish. This allows developers to create tokenized assets (tokens). For example, if a game developer wants to reward players with their own token after playing the game for a certain amount of time. In some games, you can even trade with other players for those tokens.
The Wormhole protocol makes it possible for anyone to create tokens without complex code or programming skills. This lowers barriers for developers to access the blockchain ecosystem and build applications for it. Wormhole also allows for value to be transferred across blockchains with no hassle at all, which opens up many doors for future innovation and cross-chain interactions.
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And BTC is leaning at the ride side and BCH on left side.