Bitcoin Cash & SmartBCH: An Explosive Combo For The Digital Future

The "good news" for Bitcoin Cash will keep coming for weeks and months as we expect more announcements from many fronts, especially from the Caribbean region.

Bitcoin Cash is demonstrating how adoption should proceed.

The adoption process doesn't end until every merchant adoption reaches global levels. Eventually, BCH adoption will evolve in an automated process, as a new wave of Bitcoin Cash holders/users will decide to keep their wealth in BCH instead of selling for fiat and asking to use BCH for payments.

Bitcoin Cash, though, took a step further in 2021 with smartBCH.

Thousands of cryptocurrency users experienced DeFi and NFTs for the first time using smartBCH. With inexpensive fees and low block time (6 seconds), decentralized finance was never this easy.

Bitcoin Cash and smartBCH is a powerful combo, unique in the crypto field aiming to compete in the future digital economy and the Metaverse.

The Virtual Economy Will Meet Unprecedented Growth

It would be short-sighted to ignore even the current virtual economy, which is still in a juvenile state but has already positively influenced public opinion towards cryptocurrency acceptance.

The Metaverse is projected to reach an incredible size and has the potential to reach the size of the global economy once fully developed.

Today, visionaries are laying the foundations for what will become an opportunity of a lifetime.

Networks today focus on developments to utilize popular protocols like smart contracts. The competition will keep increasing on all fronts.

Meta Obsessed With Crypto!

Recently, Meta (Facebook) filed trademarks for cryptocurrencies, applications, exchanges, blockchain software, and cryptocurrency wallets.

This planning defines the Meta strategy on the Metaverse infrastructure. Meta will once again revive the attempts of creating a platform token. 

Meta should always be met with skepticism, though. Still, the repeated attempts to create a native Facebook token explain the importance of cryptocurrencies in this field. Zuckerberg clearly understands this.

The Bitcoin Cash / smartBCH combo

SmartBCH is a platform in the progress of further decentralization, as within months a decentralized bridge to Ethereum will be released (SHA-Gate).

Crypto will intertwine with the virtual economy that is currently in the making.

SmartBCH has a place in the upcoming Metaverse developments and combined with the robust Bitcoin Cash network, creates a unique payments/smart-contracts solution for every Metaverse development.

Web3 Race For Dominance

Multiple platforms compete but with minor differences to Ethereum.

Meanwhile, Ethereum is still struggling to upgrade to a scalable version, and some supposed Ethereum-killer apps simply pretend to solve these issues.

Between 2017-2021 developers unleashed multiple Ethereum clones (killer apps), all aiming to bring the desired scalability.

Tron, Polygon, BSC, Solana, Cardano, Polkadot, Avalance, Fantom, are some of the most popular (or most invested) smart contract networks (platforms) today.

Most of these networks started at a low valuation and gradually increased their userbase and the price of their native token.

SmartBCH is comparable with these top performers in terms of userbase, and perhaps as more investors find this hidden gem, we can witness wonders in developments and adoption.

Centralized platforms won't have a bright future, though. The moment the funding ends, it will all depend on utility. Venture capital funding is not relentless, and these funds at some point take profits and disinvest, especially from the underperforming assets.

Utility in the Modern Digital Economy And the Metaverse

The virtual economy will not be restricted to the entertainment sector. Every business, no matter size, will have a presence in the Metaverse.

Needs will appear. Digital content, coverage, promotion, NFTs, payments, micropayments. A combined approach with direct P2P electronic payments and smart contract applications for finance and the ownership of digital rights. We will own everything in the Metaverse. Our virtual home, our virtual business, the digital furniture, and the digital art.

Nobody wants to pay $100 in ETH fees for any transaction (or any fees at all if possible), thus the most cost-efficient networks will be selected by both buyers and sellers. Undoubtedly these will be cost-efficient networks with low fees and fast transactions. 

SmartBCH covers the EVM-compatible popular sector of smart contracts. In case this model prevails or not, Bitcoin Cash at least did not sit idle, but strategically planned for a future that seems highly possible.

In Conclusion

SmartBCH can positively affect Bitcoin Cash, but I can't find any possible negative effect.

Success of smartBCH will be based on multiple factors, one being additional funding perhaps similar as other smart contract networks attracted (Venture capitals), funding that will definitely boost developments and increase marketing.

The rise of the digital economy with VR 3D universes in the Metaverse will proceed with the inclusion of cryptocurrencies.

Although, perhaps 90% of the Metaverse will be censorable and controlled, just like the internet and the real economies. Regardless, there will always be a free market beyond the reach of the financial establishment.

CBDCs and more crypto bans will apply in a volatile geopolitical and financial environment. Cryptocurrencies that can compete with digital fiat will need to be fast and reliable. Bitcoin Cash has all the elements required to compete in this field and smartBCH can grow in a substantial platform for smart contracts applications.

The Metaverse race has already started. 

Eventually, the failures of Central banks and the bank cartels will keep adding value to cryptocurrencies as more people find out they can opt-out from a system that is failing them.

Images:

• Cover Photo by insspirito on Pixabay

• 2nd Photo: by geralt on Pixabay

• 3rd Photo: by LeeRosario on Pixabay

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