August, the Month of Green & 5th Anniversary of Bitcoin Cash
August 04, 2022Did I make you wonder, and made you think as to how could August be the month of green when the temperature rises almost all over the world in July and August? If it was February or March, then it was making sense, but for August….
Hmmmm???
However, if I say, August is the month of green, then it is, and I can prove that.
Flag of the Pakistan is green and August is the independence month of my beloved country, Pakistan
It is the birth month of Bitcoin Cash (BCH), BCH born on August 01, 2017, and the logo of BCH is also green.
British India was partitioned into two dominions, Pakistan and India. Pakistan emerged on August 14, 1947, from British India.
Bitcoin Cash
Currently, countless cryptocurrency projects exist in the world, however, only a few of them have been performing to impact use cases and real-world adoption, positively. Bitcoin Cash (BCH) is one of the best-performing cryptocurrencies that started with a hard fork of the original version of the Bitcoin blockchain.
The actual Bitcoin network, the fist electronic cash system created by Satoshi Nakamoto in 2009, was forked on August 01, 2017, at 2:14 p.m. EST, resulting in a split between Bitcoin (BTC) and Bitcoin Cash (BCH). In other words, Bitcoin Cash is the upgraded version of Bitcoin. The first Bitcoin Cash block was 1915175 Bytes or 1.9 MB in size, holding 6,985 transactions. On August 2, 2017, Bitcoin Cash captured the third highest valued market valuation, beating out Litecoin in capitalization.
Whey Bitcoin Cash is successful?
The followings are making Bitcoin Cash successful:
it is a P2P (peer-to-peer) electronic cash (without any third-party involvement),
its performance, in terms of scaling and speed (it is fast and borderless),
it has low fees per transaction,
it is widely adopted by the common mass (and many firms),
it cannot be uncensored and
its continuously improving technology.
BCH Ups and Downs
Initial five years, meaning that Bitcoin Cash is still a child and is growing. During its initial days of childhood every child, animal, or bot faces lots of hurdles and troubles.
This is in the case of Bitcoin Cash, it has been going through its tough time, and will rise again very soon. Just be patient and HODL your earnings (especially Bitcoin Cash) in your personal wallets, rather than keeping them in exchanges and with other third parties.
My BCH HODL
It is been a week since I joined noise. cash and read.cash. Since joining, I have earned 0.062 BCH ($8.50 @ current BCH value) and 0.0343 BCH ($4.67 @ current BCH value) till time from noise.cash & read.cash, respectively.
Read more (Suggested Articles)
Bitcoin Cash 2-Year Anniversary: Celebrating Protocol Development and Achievements (Personally, I liked this article about BCH)
Lead Image made in Canva by @LeonaReed
I have second thoughts about bitcoincash before. But it's a good thing that I have taken my steps knowing bitcoincash is such a blessings. Glad you made this article my dear. Thanks for recommending me to read it by visiting my house on noise. hehe Take care.