My primary knowledge about BCH

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Hello guys!!!I am @Hiyamoni123.I think everyone know about the #BCH contest.This contest hosting our dear sister @Arnavaria.The contest concept is writing about #BCH.

Now I am going to write something about #BCH /BITCOIN CASH. To participate in the @Arnavaria writing contest.

I don't have enough knowledge about cryptocurrency. But I tried my best.If I did any mistakes please forgive me and also tell me in comment section.

Let's start-

Do you know about cryptocurrency??

A cryptocurrency may be a computerized or virtual money that's secured by cryptography, which makes it about incomprehensible to fake or double-spend. Numerous cryptocurrencies are decentralized systems based on blockchain technology—a dispersed record upheld by a dissimilar arrange of computers.

Now a small question to my all friends.

Is BCH a cryptocurrency??

Give me the answer with explanation in comment box.Here is my answer-

Bitcoin Cash (BCH) is a cryptocurrency that is a Embranchment of Bitcoin.

What do we mean by Bitcoin Cash?

Bitcoin Cash (BCH) is an altcoin form of the well known Bitcoin cryptocurrency. Bitcoin Cash is the result of a difficult fork in blockchain innovation. One of the foremost noteworthy changes from Bitcoin to Bitcoin Cash is the estimate of the coin.

History Of BCH:

In July 2017 when some members of the bitcoin community including Roger Ver felt that embracing BIP 91 without expanding the block-size restrain favored individuals who needed to treat bitcoin as a advanced speculation instead of as a value-based currency.Fortune Magazine in early 2020 alluded to Roger Ver as the co-creator of Bitcoin Cash.

The would-be difficult fork with an extended square estimate restrain was depicted by equipment producer Bitmain in June 2017 as a "possibility arrange" ought to the bitcoin community choose to fork executing SegWit; the primary usage of the program was proposed beneath the title Bitcoin ABC at a conference that month. In July 2017, the Bitcoin Cash title was proposed by mining pool ViaBTC. The alter, called a fork, took impact on 1 August 2017. As a result, the bitcoin record called the blockchain and the cryptocurrency part in two.

Bitcoin Cash was the primary of the Bitcoin forks, in which software-development groups modified the first Bitcoin code and discharged coins with “Bitcoin" in their names, with "the objective of making cash out of lean air." In connection to Bitcoin it is characterized differently as a spin-off, a strand, a item of a difficult fork, an offshoot, a clone,a second version[16] or an altcoin. On 1 August 2017 Bitcoin Cash started exchanging at around $240, whereas bitcoin exchanged at almost $2,700.

Are BTC And BCH Same Currency??

We are mostly familiar with Bitcoin currency and also most of the person who doesn't have enough knowledge about cryptocurrency they think that BCH and BTC are the same currency. But it's wrong.They are different from each other.The main difference between them in block chain.

The key distinction between BTC and BCH is the piece measure. The Bitcoin block measure is restricted to 1 MB, whereas Bitcoin Cash offers a block estimate of 8 MB. A Bitcoin piece holds almost 2500 exchanges, though for the primary BCH blocks, this figure come to 7000.

Is Bitcoin Cash legal in Bangladesh??

The exchanging of the well known virtual cryptocurrency is unlawful in Bangladesh, but the exchanging and utilization of this money is still wild – a reality that has aggravated Bangladesh Bank. Authorities of the central bank have cautioned all other commercial banks within the nation to be attentive of bitcoin clients

So,Bitcoin Cash is not legal in Bangladesh.

Which Bitcoin Wallet is used in Bangladesh??

Bkash E-Wallet

Top payment methods in Bangladesh

Buy and sell cryptocurrency with Bkash E-Wallet . Now we can use Bkash E-Wallet to buy and sell cryptocurrency instantly and securely on Paxful.

Is Bitcoin Cash Good Investment 2020??

Inside 2 a long time, Bitcoin Cash has demonstrated to be a great speculation, coming to 5th position among all cryptocurrencies concurring to Coinmarketcap. As a affluent Bitcoin fork, BCH is anticipated to assist develop.

Importance of BCH-

  • The transaction price of BCH lower than other Crypto.

  • Bitcoin Cash is in this way able to handle exchanges more rapidly than the Bitcoin organize, meaning that hold up times are shorter and exchange preparing expenses tend to be lower.

  • The Bitcoin Cash arrange can handle numerous more exchanges per moment than the Bitcoin organize can.

  • Bitcoin Cash is secure than other transaction. It doesn't spread any germ,we can complete online transactions.

Future of BCH-

BCH is new currency. The journey of BCH was started from 2017.Now it's the year 2020.This currency developed it's position.The success rate of BCH is really great.We know about it market value.Walletinvestor says that long-term increment in BCH is unavoidable. Concurring to their figure, long run esteem of Bitcoin Cash might reach up to $819. Their Bitcoin Cash cost forecasts for 2020 appear development from $208 to $362.

So, we can say that the future of Bitcoin Cash is appeasement.

If anyone want to get sponsors please join with "get sponsors" community. Here is the community link-

https://read.cash/c/get-sponsored-2a0b

@Ashma   thanks for creating this nice community.

#Stay home

#Stay safe

Bye,,,,

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Comments

Wow dear this is great information about BCH I like your presentation. Best of luck dear..

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3 years ago

Thanks a lot brother!!!Hope for the best!!!

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3 years ago

Yes dear ... welcome..

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3 years ago

So informative my dear ❤

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3 years ago

Thanks a lot dear!!!

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3 years ago

It's completely my pleasure dear ❤

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3 years ago

Good writing. And really informative article for Newbie.

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3 years ago

I am also a newbie brother...Thanks for your support,,,

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3 years ago

Me too sis 😍

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3 years ago

Informative article ❤️

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3 years ago

Thanks a lot dear!!!

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3 years ago

Best of luck

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3 years ago

Thanks a lot!!!

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3 years ago