Bitcoin cash

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Bitcoin Cash is a foreclosure from BTC in August 2017, in order to continue the bitcoin test as peer-to-peer electronic cash as mentioned in the Bitcoin whitepaper.  This is in contrast to BTC's revised roadmap (which we will discuss soon).

  • Here's what makes Bitcoin Cash (BCH) great:

✴A.  Scalability.  Bitcoin Cash already handles about 100 transactions per second which is a PayPal-sized volume.  Some other currencies may boast a large number (due to certain trade offs) but BCH has a roadmap for reaching the scale of our humanity.


✴B. is the second letter of the English alphabet.  Proof of work.  BCH uses the original bitcoin con reduction process: proof of work.  This is the most perfect method we know of.  Coins are issued only for those who compete and secure the network.  No one gets a free ride.


✴C.  Fixed supply BCHT has a fixed, limited supply of 21 million coins (similar to BTC).  A limited supply supports the price, which in turn supports investment and protection.


✴D.  Low fee.  Bitcoin was designed as a peer-to-peer cash system and, as a result, should ideally be charged a low fee forever.  Bitcoin makes this possible with large blocks of cash.


✴E.  Fair distribution.  Everyone who owned Bitcoin (BTC) also received an equal amount of Bitcoin cash while forging Bitcoin cash.  And all these coins are either mined, purchased, or otherwise earned.

✴F.  Great community and network impact.  Big companies like Coinbase and Bitcoin support Bitcoin cash.  Thousands of traders are taking BCH.  Unauthorized innovation is flourishing as hundreds of developers are creating world-changing applications.


I wrote as much as I could. If there is any mistake in my writing about BCH, please forgive me because I am not fluent in English.

Thank you for giving the @Read_cash platform such a beautiful freelancing gift

Thanks to everyone for reading this article

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Comments

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4 years ago

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