BCH vs Conventional financial System :
Asking or seeking advise from conventional Banks and Financial institutions on investment in cryptocurrencies, that is there to disrupt them is not very wise option. The basic idea of cryptocurrency is to have freedom of the chains of the conventional and outdated financial system. This is the age of technology and future of financial systems is in technology and cryptocurrencies.
Be clever with for investment portfolios don’t put all of your eggs in one basket and invest in the future....
BCH holds the future!! Quickest transaction execution Lowest rates The Real Bitcoin
BCH climbs up 50% in the last 24 hours. This is the highest this year
Two of the hardest tests in life:
The patience to wait for the right moment and the courage to accept whatever you encounter.
Big Changes to be introduced in BCH Network
To learn more read https://read.cash/@Khundkar/new-developments-in-bitcoin-cash-network-key-changes-d63c09ac
New Developments in Bitcoin Cash Network - Key Changes
The update is to bring more reliability and make procedures more robust and effective and overall increase the confidence of the users in the network.
****Important Note****
*“In this update, all nodes don't need a compulsory upgrade. This move is to avoid any splits in the network and keep the community together and cover the risk of any potential splits. ”*
Key features
1- Annual Upgrading instead of every 6 months
2-Removal of unconfirmed chained transaction limit
3- Default mining limit is increased
4- Double spend Proofs
5- Cash improvement protocols
These are some of the new features that we will cover in this article briefly.
****Removal of unconfirmed chained transaction limit****
To stop gambling on transaction this new feature will be introduced. To explain this process this happens when users keep spending a transaction that has an unconfirmed parent transaction. This threshold before this update is 50 transactions without confirmation. Now this issue will be addressed in a safe manner.
The @RogerVer have been a critic of this practice that will now be addressed in this upgrade.
****Annual Upgrading instead of every 6 months****
To make the process more reliable and robust for businesses, exchanges and miners is step would prove to be very important and will attract more users in the ecosystems of BCH as a whole. The one-year update schedule will bring more stability and strength to the network as more stakeholders will be tempted and internally more testing and discussion would take place inside the BCH network.
****Double send Proofs****
Double spends proofs is a great new addition that will reinforce and strengthen the security and trustworthiness of the network for merchants. They will feel more confident with the introduction of this feature and this will attract more market share and users.
More to explore in the follow up articles.......
Cryptocurrencies making their way in mainstream businesses
Cryptocurrencies are getting popular with every passing day with more and more people showing support and encouragement and recognizing cryptocurrencies as a legitimate source of funds.
Now the E-commerce Giant Ebay is considering the option of accepting cryptocurrencies. This move will open up a market of 187 million users for the crypto users. According to their CEO, they are also exploring NFT (non fungible tokens).
In the recent past, we have seen big businesses accepting cryptocurrencies for executing transactions. Last Year Paypal commenced its crypto service and enable millions of users to transect crypto payment options.
According to a **Survey by HSB conducted in 2020, 36% of the small and medium-sized businesses in** the **US accepts Cryptocurrencies in some form.**
A list of some of the big companies accepting cryptocurrencies
1-Wikipedia
2- Microsoft
3- At&t
And the list goes on....
Cryptocurrencies are gaining popularity as more people are understanding the concept the value it holds for future.
The End
Bitcoin Cash BCH is the trigger of growth for third-world countries. The financial landscape of the developing world is very different from the developed world as the struggling economic depend to other currencies to complete there financial transaction and slightest of change in economic and market condition bring inflation.
BCH adoption can solve this problem for the people fo third world countries
@Khundkar