Bitcoin Cash managed to do so much in such a small time.
Since the 2017 Bitcoin split, Bitcoin Cash proceeded with an important upgrade to the block size, and has managed to become the cryptocurrency of utility.
What was theoretical, became a reality in 2021, and with the help of noise.cash the network transactions and usage increase to overtake those of BTC.
And as Bitcoin Cash transactions exceeded those of BTC, BCH transaction fees remained low.
Bitcoin Cash has proven that it is a reliable alternative to fiat currencies and a solution that can be implemented as digital cash. Bitcoin Cash has also proven that it is a top cryptocurrency in network performance, development, and real adoption.
Development
Lies never last and no matter the suppression of Bitcoin Cash by the crypto and social media, the network keeps expanding and proving its functionality.
Besides the network expansion, there is also constant development and increase in the use cases.
Cash Improvement Proposals (CHIPs) are discussed by developers and put under a consensus mechanism for the development decision.
Bitcoin Cash protocol upgrades are carefully planned and agreed upon between all entities around it and decisions are not driven by one party, unlike the Blockstream's version of Bitcoin, BTC, where decisions are taken by a minority and enforced on the rest participants.
Bitcoin in this year has proven that the part of the community that was in favor of a higher block size was correct.
The part of Bitcoin that changed and diverted from the original intention wasn't BCH.
In all parts of the world, Bitcoin Cash is rapidly expanding and becoming an accepted currency, a means of exchange.
As the Bitcoin whitepaper puts it: P2P electronic cash.
Yet this doesn't mean that we can't explore more avenues and expand into fields that are rapidly advancing financial services.
In my previous article, I've posted a chart from Google Trends, explaining how Ethereum search numbers outperformed those of Bitcoin Cash in the past 12 months, while previously search results numbers were close.
DeFi is important and banks have shown interest in it. It would be foolish not to consider advancing and developing in this field. 2020 and the beginning of 2021 was a test phase for Decentralized Finance.
Ethereum, being the top platform where DeFi is developed enjoyed vigorous network growth which had to do with utility. The high blockchain fees of Ethereum prevented it from allowing DeFi to reach wide adoption. I'm reposting it here for reference:
Interest for Ethereum spiked in 2020-2021 and the reasons were:
DeFi
NFTs
In Conclusion
The important part is progress.
Ethereum has already abandoned scaling. It is not even called Ethereum 2.0 anymore, everything was scrapped as developers decided to go with the sidechains option which will only ensure Ethereum's decline.
The Bitcoin Cash network is reliable, offering high speed and low fees, however, Bitcoin Cash now contains smart contract abilities that enable on-chain decentralized financial applications and development.
We already recognize the importance and potential of Decentralized Finance and Bitcoin Cash today presents a P2P platform for the creation of DApps, Blockchain Games, DEXs, DeFi, and anything developers want to create with scaling and developer support.
The future is about smart contracts and decentralized finance on-chain.
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I will consider the fact that Blockstream has hijacked the timeline and we are living in a parallel one ! What you guys say is true, Bitcoin can not be a revolution by just speculation, it needs more than that and it started differently. Bitcoin Cash can revive this narrative of electronic cash.