Even at a very young age, bitcoin cash strives to offer an advantage that will promise big profits for miners. Even bitcoin cash is better than its predecessor, bitcoin. Some of these advantages include:
1. Big volume from Asian
One of the reasons bitcoin cash is more profitable is the increase in volume that occurred in November 2017 coming from the South Korean market. If the rankings that appear, the top 6 rows are from South Korea. South Korea has a considerable influence that has caused the price of bitcoin cash to explode. Asia is the largest source of spread in the crypto world, especially today it is still dominated by China, Japan, South Korea and India.
2. Fast and Reliable
One of the reasons why bitcoin cash is starting to become as much in demand as it does in the South Korean market is because of the speed with which bitcoin cash is compared to bitcoin which takes up to 10 minutes to process transactions so it sometimes creates a fairly long queue.
3. Cheaper transaction fees
Compared to bitcoin, the transaction fee of bitcoin cash is quite cheaper. This is indicated to be one of the appeals of bitcoin cash than bitcoin. Even the price of bitcoin has dropped to $1,000 within an hour as many miners move into bitcoin cash.
4. Superior technology
The next attraction of bitcoin is the superior supporting technology. This is seen from the blockchain is larger than bitcoin. The upgrade of the block itself has reached 8 MB so that it can handle more transactions, in contrast to bitcoin which is only 1 MB.
Predict the future success of bitcoin cash
While some predict bitcoin cash will not last long on the market, few also have a view that bitcoin cash will be successful in the future. Some reasons for the prediction include:
- It is based on one of the coins namely Ethereum and Ethereum Classic which also broke like bitcoin and bitcoin cash but both can still survive at high prices from day to day. Bitcoin cash that can be considered a fraction of bitcoin also has the same or better fate.
- Several large local and international trading has started to put bitcoin cash into the market. This is seen by the local trading platform, Big major exchange like Binance that has provided the bitcoin cash market. While the international market Bittrex and Kraken also provide bitcoin cash market.
- read.cash which is one of the largest social media sites has provided withdrawal payments via bitcoin cash which assures users that bitcoin cash will continue to exist without deletion.
- The bitcoin cash system has been prepared very long and mature so the chances of split failure occurring are very small. The process of bitcoin cash transactions has also been executed, only still slow and will be resolved soon.
- Staying in the top ten is more value for Bitcoin.Cash to continue to be active in the cryptocurrency market amid recent competition by offering a wide range of new technologies.
