Before, if you were starting a business in the crypto space, the first word that might come to your mind would be BITCOIN: Peer to Peer Electronic Cash, but now, after a decade, Bitcoin is changing its title to 'digital gold' to This is because Bitcoin has become very expensive and its influence has spread all over the world. There is no investor in the world who does not know the word Bitcoin as it is becoming the most popular and important digital asset in the stock market. But didn't you know that the aforementioned products started showing flaws and couldn't deliver on the original promise as they got expensive? that's right, you read that right! Bitcoin's initial promise of low rates and fast, reliable transactions began to deteriorate as its value became very expensive. therefore, the original title as point-to-point electronic money was dropped and replaced by Bitcoin: Digital Gold.
What is the reason that Bitcoin can no longer afford to be called a point-to-point ATM?
As a trader, if BTC was a means of payment, many issues will start to arise, such as:
Fees for both parties will affect the price of the product from your store, as BTC fees are not low.
Confirmation of payments will take some time.
BTC's price volatility can affect its earnings.
For the individual, if you are using BTC as a payment method, you must be prepared to have more of it in order to pay the higher rate.
BTC is now too expensive to be money, which is why the crypto community is now treating it as a medium for digital gold rather than a currency. Since Bitcoin cannot yet remain the same electronic money as its initial promise. The Crypto space community is currently looking for its successor and BITCOIN CASH will enter.
How did BCH become a successor?
As far as I know, no one in the crypto space can deny that BCH is the successor to BTC as a point-to-point electronic currency, as Bitcoin Cash originated from the Bitcoin White Paper and was built and born to fulfill a promising role. . bitcoin that was not served because it has become very expensive and unreliable in other respects such as fast and low rates.
It started to deliver on its promise around 2017 and has also grown its value through its own design and unique promotion style. and now it is undeniable that BCH is already spreading its wings in all corners of the world like Bitcoin, while maintaining the low rate profile and fast transactions which have become the reason why Bitcoin money has become the best money in the world. world now.
You can already consider BCH to be unlimited money and good value globally, because transferring or paying with BCH is easy through these online transactions. Not just internationally, sometimes in your area there are merchants who accept BCH as a payment method.
You can see all the details about the BCH bt procedure on this site bitcoincash.org
Why is Bitcoin Cash a better successor?
BCH has extremely low transaction fees designed to process their business at profitable rates for the client.
BCH is quick and easy to trade without delay. mainly, the transaction is confirmed from one minute to one hour only. while other currencies confirm the transaction from a few hours to a day.
Merchants would prefer BCH over other payment methods because the transactional feed are very low
Traders also get free advertising when partnering with BCH as BCH is an international currency and well known around the world in several communities operating in the space of cryptocurrency industry.
As an individual, you can send money around the world quickly, cheaply, and easily anytime, anywhere, as long as you have internet and a phone.