The decentralized system is growing daily and news around the space is giving the direction of the huge potential this space has. Bitcoin Cash ecosystem is one of the notable blockchains so many people did not pay attention to and its native coin (BCH) is a peer-to-peer electronic cash system enacted from a hard fork of Bitcoin’s blockchain.
Though when you look at the historical information about the BCH, the group inside the Bitcoin community disagreed with the decision to not increase the block size and felt that this went against Satoshi Nakamoto’s original vision which caused a hard fork of Bitcoin in August 2017. Bitcoin Cash now focuses on quick transactions, low cost, and decentralizing.
24-hr ago, when considering the price action of BCH, the USD value swang tightly for a recovery closer to the $600 mark but when considering weight or the market value trading position between BCH and BTC, it revealed that the counter-instrument has stronger purchasing power than its base-tool.
Bitcoin Cash as at the time of writing this article is ranked 14th on coingecko and despite the fact that it entered the market under a cloud of controversy, it's still the most successful hard fork of Bitcoin. Scalability function is one of the problems Bitcoin Cash is solving. With low or no gas few you can transact. Simple Protocol Ledger is one of the protocols built on the BCH blockchain with over 82,000 tokens providing opportunities for investing in BCH and paying less or no fee to transact.
Note: The average transaction fee on the BCH network is $0.003590
As you enjoy the flow of Bitcoin Cash on this channel, have a clear understanding that there are plenty of ways to store BCH safely. In most cases, serious investors don't joke with security (fund) and happy to share with you that there is a hardware wallet that stores BCH (Ledger Nano X & S).
Also, there are Apps that can store BCH safely. examples are Zapit, Bitcoin.com, and many others.
You can check the below videos for guidelines.
Video credit: Bitcoin.com
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