A New Bitcoin Is Rising: Bitcoin Cash
As competition between blockchain payment network intensifies, the users will decide and pick the winners, while investors follow. The market tries to predict and select the winners today, but we should bear in mind that nothing is constant, especially in the field of technology and finance.
Bitcoin was rallying in the adoption race between 2010-2015, but the outcome of a lengthy "blocksize debate" crippled Bitcoin's chances of succeeding as a means of exchange.
The Bitcoin Cash brand was announced in 2017, as Bitcoin Cash upgraded the Bitcoin network aiming to reverse the stagnation process of Bitcoin and recreate the original vision of P2P Electronic Cash.
Bitcoin Cash stands today as a currency for the world.
As cryptocurrencies are on the rise again, Bitcoin Cash is the "new" Bitcoin, the Bitcoin that follows the logic and direction its founder set with the whitepaper. A scalable network of payments, aiming to achieve global adoption as digital cash.
The Users Define The Winners (not the investors)
Bitcoin Cash today offers everything a modern cryptocurrency user is looking for.
Fast transactions (practically instant)
Low Fees (virtually zero)
Microtransactions
Decentralization
User-oriented approach
Web3 developments with smartBCH (DeFi, Dapps, NFTs, Web3)
Speculation drives this market currently, and not actual adoption. This will change as adoption increases on two fronts: Merchant adoption and financial platforms adoption (smart-contracts, Web3).
From the one hundred million newcomers in crypto between 2020-2021, perhaps not even 1% are using cryptocurrencies properly.
Coinbase, Binance, Robinhood, Revolut, e-Toro, and other trading platforms prevail in the preferences of the newcomers in crypto. Meanwhile, institutions, funds, and wealthy individuals also invest massively in crypto through regulated financial institutions and banks.
When examining crypto adoption, though, we discover Bitcoin Cash following a different trend. Users prevail since Bitcoin Cash focuses on adoption as sound money instead of a superficial speculative asset.
Bitcoin Cash is traded with high volumes, but trading is not the foundation that drives its adoption.
The vast UTILITY Bitcoin Cash offers is the reason it is rising.
Pundits probably wonder what they are missing since they follow the mainstream information but still can't use cryptocurrency as they expected.
Bitcoin and crypto education is missing on purpose. As new investors discover the BTC's lack of utility, they immediately move to other cryptocurrencies.
It takes a long process of researching crypto in-depth to realize Bitcoin evolved in a brand new and advanced network called Bitcoin Cash.
A New Bitcoin
Bitcoin Cash begins with the Bitcoin genesis block. BCH is the new Bitcoin, rising from the ashes of the failed BTC experiment (store of value).
Crypto will experience another wave of mass adoption, but this time it will not be the institutional investors, corporations, or governments.
These organizations will follow the actual adoption of cryptocurrency and that will be the users.
Bitcoin Cash is laying the foundations and infrastructure to achieve its purpose of global adoption.
Bitcoin Cash offers the best alternative to fiat. It is sound money, not controlled by anyone, with one distinctive difference from BTC.
Bitcoin Cash scales and is capable of achieving global adoption while BTC isn't.
Bitcoin Cash is the Bitcoin that works.
There are use cases for cryptocurrencies besides mere speculation. Speculation is only temporary with an expiration date.
Bitcoin Cash has solved the scalability flaws in Bitcoin, following the suggestions of its founder and offers one of the best working digital currency options available.
In Conclusion
Bitcoin Cash exists today to fulfill the future Satoshi and the early Bitcoin adopters envisioned.
Bitcoin Cash is the new Bitcoin, having removed the past restrictions (RBF, small blocks) and now bravely looking into the future.
Bitcoin was created to challenge the centralized payment networks (Visa, Mastercard, Paypal). Bitcoin Cash is the Bitcoin that achieves this today.
SmartBCH is a development on top of Bitcoin Cash. A sidechain that guarantees Bitcoin Cash is not missing out on opportunities in the smart contracts field. It is an additional boost to the image of Bitcoin Cash, enhancing its capabilities and acknowledging innovation.
Bitcoin Cash with smartBCH is a dynamic combo and heralds the new era of finance in a leading position.
What makes Bitcoin Cash different is the incredible talent of the bright people that comprise this community and strive to provide the best user experience.
Transactions with Bitcoin Cash are executed in milliseconds and cost a fraction of a penny. Developers produce, and perfect user-friendly platforms and interfaces, all for the end-user convenience.
Bitcoin Cash makes an impact with its rising userbase.
Images:
Cover Photo by Mysticsartdesign on Pixabay
2nd Photo: by tunnelmotions on Pixabay
3rd Photo: by PatoLenin on Pixabay
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The fact where institutions and BTC maxis thought of BTC as only a store-of-value and distinguishing the fact that it should be a digital and accessible mode of payment is where they should realize that the BTC they knew has already failed the real purpose of what Nakamoto has envisioned for it. This is why BCH.... It will stay to save the vision of Satoshi.
The market may not be buying it now but only time will decide that a real p2p cash will dethrone BTC... and could be sooner than we think.