Crypto Gramme Award /World best crypto(BTC VS BCH)
Let me ask you this , "who do you think will win this two very best awards?" Drop your comments below. My very own point of view goes thus... The BTC
It was the very first cryptocurrency i.e oldest, but wasn't very know then. It just like real currency,as of the definition of money =anything that's generally acceptable ". The technology that's made of (block chain) strictly guide it from being counterfeited. Meaning it isn't issue or control by some group of people , unlike any nation currency which is controlled by the government and the banks. It own transaction is verified by the computer controlling the blockchain which can be owned by anyone i.e it is decentralized. Transaction are stored and submit in blocks. The computer verifies the entire block of transaction at once by solving the complicated math problem. In solving this problem the transaction in the block will verified and new BTC is created simply termed as Mining. THE BCH
BCH is a fork of BTC. A FORK! Yes a fork, let me explain... A fork emerged when the original code of a blockchain is updated but only some nodes on the blockchain accept the update. The original blockchain (BTC)remain the same while the updated nodes split off the original and create a new blockchain(BCH) and the coin on the new blockchain is separated and UNIQUE from the ones of original blockchain. Check history of BCH in the read.cash forum. Now LET'S VOTE BCH transfer fee=$0.20 while BTC transfer fee=$1 BCH as the most fastest time transfer while it takes BTC 10minute BCH can handle more transaction per/secs i.e more people can use it at the same time unlike BTC. BCH block in the blockchain is 8times bigger than that of BTC. BCH is faster,cheaper, more scalable than BTC. With this little point do you think BCH as what it takes to overthrow the current World best cryptocurrency?
1 comment
It is very possible for BCH to topple BTC. Though, it could be gradual phenomenon but will surely happen. Bitcoin is no more solving real problems and is being dropped. "BTC is only enjoying the glory of being the first cryptocurrency". Point of correction: the BCH transaction fee is not up to $ 0.2.