BITCOIN Cash(BCH) and all that there is to know

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Written by

An adept fan of cryptocurrency and art ( mostly graphics)😁😁o yet...

2 years ago

Topics: Cryptocurrency

Firstly, What is BITCOIN CASH?

Simple.... Bitcoin Cash (BCH) is an altcoin version of the popular Bitcoin cryptocurrency. Bitcoin Cash is the result of a hard fork in blockchain technology. One of the most significant changes from Bitcoin to Bitcoin Cash is the size of the coin. DATED back to it's creation (2017)

I get it.... But what's the deal about Bitcoin Cash?

Bitcoin Cash is:

Decentralized and not backed by a bank or government

Processed, validated and logged on a blockchain
Anonymous
Finite and therefore impervious to inflation — just like Bitcoin, only 21 million will ever be made.

Awesome right? Yeah... we're just getting started.

How Much Is Bitcoin Cash Worth?

As of Today, Bitcoin Cash is trading around $363, much less than the $43,907 or so you’d pay for a single Bitcoin. When it comes to value and price, however, the twin cryptocurrencies do have one thing in common — extreme volatility.... Spooky right? Yeah... Even our everyday money is volatile so you'd agree.

Is Bitcoin Cash a Good Investment?

If you can stomach the roller-coaster volatility of Bitcoin, if you can keep up with its complex and always-evolving technology and you’re OK with the fact that it’s not backed by any institution that you recognize, then you could certainly make an argument for Bitcoin Cash. Like Bitcoin itself, Bitcoin Cash offers the potential for otherworldly profits, but also like Bitcoin, high risks, big bubbles and crazy price swings are part of the package.(As I love to say, No risks... No reward)

Which one is better? If I'm to choose... which one would you recommend?

Bitcoin Cash....

Reason?

It is able to process transactions more quickly than the Bitcoin network, meaning that wait times are shorter and transaction processing fees tend to be lower. The Bitcoin Cash network can handle many more transactions per second than the Bitcoin network can.

Where can I use BCH?

Various merchants around the world accept Bitcoin Cash, among other cryptocurrencies, for payment. There are also websites for travel, goods and services, e-commerce, and more than may accept the asset. The asset is not as popular as Bitcoin but been acceptable is all that matters right?