Bitcoin is my choice

Bitcoin is type of digital currency.

Which is getting more value nowadays.

Many things can be used as collateral, like gold, houses, cars, jewelry, cash, future paychecks, US Treasuries, etc...

Bitcoin Cash is a digital currency called a cryptocurrency based on cryptographically securely distributed decentralized records of transactions called a Blockchain, just like Bitcoin and other cryptocurrencies. As mentioned earlier, it was created by the Hard Fork that took place after disagreements in the Bitcoin community.

Don't get this mixed up. Bitcoin and Bitcoin Cash initially was one but not anymore. There are vast differences between Bitcoin and Bitcoin Cash in Speed, Liquidity, Security and a whole lot of other stuffs. Got this question from several persons we've discussed Bitcoin Cash with so to make it easier to understand, this article is being made distinguishing between Bitcoin and Bitcoin Cash in the aspect of its prices and features.

Pristine Collateral was reserved for gold & US Treasuries but that was before Bitcoin. Gold, we called pristine because we “believe” we know how much gold is on the planet. But do we really?

Because the blockchain of Bitcoins was copied exactly, all owners of Bitcoin were given an amount of Bitcoin Cash equal to the amount of Bitcoin in their wallet.

Bitcoin Cash originated from Bitcoin during a fork which occured in August, 2017. This was as a result of Bitcoin's scalability issues and other technical reasons. After the split, a good number of bitcoin users were unable to distinguish which is a better Digital Currency for Peer to Peer Transactions and so the questions are being asked till date.

You could be digging in your backyard and find 10 pounds of gold. Yes, it won’t move the market but it’s 10 pounds that the investing community didn’t know existed.

The debate that started before the Bitcoin Hard Fork was extended after the Hard Fork. The most striking of these discussions is that some people in the community claim that Bitcoin Cash more accurately reflects the original Bitcoin principles. These people accept Bitcoin Cash as "real Bitcoin". The debate between Bitcoin Cash and Bitcoin advocates still continues on platforms such as Twitter and Reddit.

Bitcoin is the first crypto currency created by an anonymous programer (group of programers) called Satoshi Nakamoto . Just like real Currencies where you get to buy stuffs with it, trade for goods and services, Bitcoin is a digital version of the real Currencies.

Plus astronomers tell us there’s asteroids made of gold. I don’t know if that’s true but who am I to doubt today’s astronomers. How pristine is gold at that point?

The original Bitcoin Twitter account was taken over by Roger Ver, one of the first members of the Bitcoin community to support Bitcoin Cash. Ver continues to regularly impose the thesis that Bitcoin Cash is real Bitcoin from his Twitter account.

On the other hand, Bitcoin is not issued by a central authority like the central bank and it's Transactions are being stored and verified on the Blockchain which makes it Decentralized.

Cash & Treasuries were considered pristine before the financial crisis of 2008 & the virus of 2020.

But with the Federal Reserve Chairman saying that money can be printed at will, that it’s endless and with an interest rate policy of near zero percent how pristine does Cash & Treasuries seem now?

What Is The Technology Behind Bitcoin Cash?

Bitcoin Cash is built on the Blockchain-based distributed ledger technology mentioned above. As with other cryptocurrencies, coins don't actually exist. There is only a record of transactions showing how much money is.

Bitcoin Cash as we now know is a forked version of Bitcoin which came to existence in August, 2017. Bitcoin Cash resulted with the solution to Nakamoto's vision, peer-to-peer crypto currency used for daily transactions. This solution came to Existence after the surge in the price of Bitcoin, it was observed that users had to pay so much fees to perform a simple transaction and that went out of place.