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Bitcoin Cash And The Modern Industrial Revolution
I have to begin by thanking @MarcDeMesel for his exceptional last tip given to my previous read.cash article! https://read.cash/@Pantera/marc-de-mesel-is-back-with-new-video-via-prompt-cash-4f28998c Also, I'd like to wish everyone in read.cash and noise.cash a **Merry Christmas,** happy holidays, and have an incredible **2022**, with fewer troubles, more joy, and less Covid scare tactics. During times of distress, filled with dire predictions, uncertainty, and confusion, there is still light at the end of the tunnel. This hope stems from technological advancement and a modern industrial and digital revolution that will host various new ideas and sustain the entrepreneurial spirit, while advancing our living conditions, eradicating poverty, and increasing global wealth equally. Twenty years ago, the internet was still undeveloped. A dot-com bubble burst with mainstream news covering the internet as a bubble. Yet, it is technology, innovation, and entrepreneurs that drive progress. A new industrial revolution (the 4th one) is at its inception. This revolution will follow a sequence of progress in various fields, offering vast potential for our economies and living conditions. Blockchain networks and Bitcoin Cash will have a part in a bright future of rapid economic reform and technological revolution.
The 4th Industrial Revolution and the Digital Economy By the end of the decade these technologies will reach a point that will herald humanity to the modern age: Advanced robotics AI IoT 3D printing Genetic engineering VR/AR & the Metaverse Biotechnology & Longevity Nanotechnology Blockchain networks All these different technologies will not advance at the same rate and difficulties in research may not help them advance as is expected. More potential technologies can emerge and contribute to the new industrial revolution. The Blockchain
*Source* https://unsplash.com/photos/UxDU0Gg5pqQ A blockchain is a public ledger, cryptographically secure, offering financial networks a chance to remove intermediaries. Blockchains demand decentralization, otherwise they are nothing else but a database running on a server. Decentralization provides tamper-proof abilities to these networks and eliminates censorship. A centralized blockchain has limited use-case. Their use in governance theoretically reduces corruption by improving transparency. Although, it is reasonable to assume that some governments aim to stall innovation in this field. The broad capabilities of blockchains apply to almost all macroeconomic aspects of our economies and societies. Bitcoin (BTC) and Bitcoin (BCH) Bitcoin (BTC) and Bitcoin Cash share the same Bitcoin history from the genesis block until August 2017. The Bitcoin community was divided about how to proceed with scaling Bitcoin, and this debate led to the fork of 2017. The approach of Bitcoin (BTC) did not allow scalability but favored the development of second-layer networks (like LN and Liquid) that would run on top of Bitcoin. Bitcoin Cash is the Bitcoin that follows the vision of the Bitcoin white paper and upgraded Bitcoin mainly by increasing the blocksize (currently 32MB), with no sacrifice in decentralization or security. Bitcoin Cash (BCH), is a scalable decentralized blockchain aiming to meet mass adoption as a P2P electronic cash network. No single authority has control over the Bitcoin Cash network or the transactions, and no third party is involved in the operations. Transactions are P2P, instant (0-conf), and at a low fee (usually less than $0.01). It is a cost-efficient network that can financially interconnect all existing technologies that will require to perform billions of microtransactions daily, as the modern industries automate processes. While various cryptocurrencies claim to perform millions of transactions per second, these networks are always lacking the decentralized factor, and run in an approach that doesn't constitute a secure blockchain. Comparative to other blockchains Bitcoin Cash has managed scalability without sacrificing decentralization or security. Smart Contracts Smart Contracts are expected to apply in all parts of financial and industrial activity. Platforms offering smart contracts will be singled out by industries under certain criteria that will boost their sectors, increase productivity and provide a fair financial environment. As technology grows at a rapid pace, it is extremely difficult to make a 10-year prediction. With the development of smartBCH, the Bitcoin Cash ecosystem has expanded its use case and now reaches more than just the financial aspect of cryptocurrency.
**In Conclusion**
*Source* https://cdn.pixabay.com/photo/2020/02/03/00/12/fiber-4814456__340.jpg Technology evolves at a rapid pace and it is extremely difficult to make a 10-year prediction and claim a certain network will keep developing and increasing its utility. The crypto space is vast and there are thousands of cryptocurrencies, yet, for the previous 3-4 years we can claim that **Bitcoin Cash** is a network **recognized** for its ability to offer low-cost transactions at instant speed. When erasing mere speculation and just looking at fundamentals and potential, Bitcoin Cash is a top-performing blockchain network. SmartBCH allows Bitcoin Cash to enter a world of modern financial opportunities.
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11 comments
I love your commentaries. Is it a four and half-th or the beginning of the 5th industrial revolution? The current transients of technologies may have to transform into greener and self-sufficient. Principally, there would be a tremendous amount of digital and fiat cash, as the cryptos would go super high soon, but there would be limited physical resources and food to consume.
https://en.wikipedia.org/wiki/Fourth_Industrial_Revolution
Hi, my friend. Thank you for your good wishes for 2022. Yes, in a darkened world the voices of hope are welcome. As always, an enlightening and educational article that exposes clarity about bitcoin and the circumstances that surround it. On the other hand, it is a pity that you gave up continuing to share content on #Hive, but I understand your reasons very well. Regardless, your audience will follow you wherever you go, as long as you maintain the momentum demonstrated thus far. I also wish you an excellent year 2022 full of extensive successes for your family.
Do you think the day will come when the BCH stops following the behavior pattern of the BTC and increases by itself? Their graphics are 99% identical. The remaining 1% is that the BCH cannot raise the % in price any more. Congratulations for the tip. 😊
It follows a worse pattern since BTC keeps increasing the distance, but this will change. I am sure the price behavior is not representing a fair value. Looking at all developments, the wallets, the platforms offering services, smartBCH, etc., you get hope about the long run.
We all expect that, and you are right, there are many more reasons for BCH to increase its value exponentially in the future. But the sad reality right now, is that many are not interested that the BTC is not feasible to pay anything or make a transaction. They just want to store it for the future. But I am aware that the situation will change.
Thank you my friend, how do I get into SmartBitcoin
Read this: https://read.cash/@Pantera/how-to-set-up-metamask-and-add-networks-binance-bsc-polygon-matic-okex-smartbch-tutorial-7265e1c4 I give directions how to setup metamask and connect with various networks with smartBCH included.
I am super happy to read through this publication but I must confess that your introduction is Wonderful especially when you said "have an incredible 2022 with less trouble" this is best new year wish I have read it has truth all over it. Some will just say have a new year without troubles error troubles certainly will come but let them less at least what we can handle. Thanks for the best wish you're a model
Wait! wait! I still keep on processing this information in my mind. Thank you for always sharing this.
I'm a true believer in BCH and cannot wait to see what the future holds for the blockchain!