Why Do We Need Bitcoin Cash?

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Written by
3 years ago

I have enjoyed nothing more in cryptocurrency and in life than watching the underdog win. That is exactly how I am feeling about Bitcoin Cash.

When seeing any kind of news coverage regarding cryptocurrency, we are always hearing about Bitcoin. As of late we are hearing about fads like NFT's as well. What we never really hear about is the true innovation that goes on in the cryptocurrency ecosystem.

Up until about 6 months ago, I had actually never heard of Bitcoin Cash. After doing some research on the topic, I became incredibly confused on why I had not heard of it until then. With lower fees, higher volumes of transactions per block and thus inevitably faster transaction processing, Bitcoin Cash is an example of a token that is flying well under where it should on the radar.

Now that I know a bit more about it, I feel confident that I can give reasons that we really do need Bitcoin Cash in the cryptocurrency world. Bitcoin has begun to bring in people, but tokens like Bitcoin Cash will end up being what changes lives and keeps people involved in the crypto world.

Reason #1: Faster Transactions

Bitcoin is able to process about 7 transactions per second whereas Bitcoin Cash is pumping out a whopping 116 transactions per second at peak functioning. The difference is immense here and as a medium of exchange it is important to be efficient and clean; this is something Bitcoin Cash does incredibly well.

Reason #2: Cheaper Transactions

As we have seen with Ethereum and even now Bitcoin, gas and transaction fees are skyrocketing. It is my belief that cryptocurrency should benefit the average person, but the average person can't afford to be paying $100+ dollars to move their money around. With Bitcoin Cash, the average transaction cost is often less than a penny, promoting a higher frequency of transactions and allowing smaller investors the opportunity to move their money just like anyone else. Bitcoin Cash brings the power back to the people and enables true financial freedom.

Reason #3: Investment Opportunity

With Bitcoin being so large now, there are some people who don't know if there will be explosive upside for smaller investors like there used to be. Seeing that Bitcoin Cash has the same supply tokenomics as Bitcoin, there is real growth opportunity still for explosive gains. With almost 100x potential to catch the market cap of Bitcoin, Bitcoin Cash is the investment of the future. Pack your bags, we are heading for huge gains.

Reason #4: Application Innovation

With ecosystems such as Read.cash or Noise.cash, Bitcoin Cash is showing that users can generate rewards for content and engagement all while transacting on the Bitcoin Cash network. With so much innovation and likely much more to come, it is not rocket science to see the potential for growth monetarily and in a community sense.

Reason #5: Giving the Power to the People

Bitcoin Cash is an amazing invention because the scalability is something that has never been seen before. We are on the precipice of huge growth that can be shared by anyone. The barriers to entry are almost non-existent and with the growing community it offers, there is room for each and every person that wants to be a part. I am looking forward to continuing my personal journey with Bitcoin Cash and hope that you are able to do the same!

Thank you for engaging with my content!

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Avatar for R23
Written by
3 years ago

Comments

okee i got it

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3 years ago

giving tha power

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3 years ago