BitcoinCash on its inception in August 2017,is a cryptocurrency created to tackle the shortcomings of its predecessor Bitcoin;As a result of the fact that Bitcoin blockchain experience scalability issue because it could not handle the increased number of transactions as Bitcoin became an investment vehicle rather than a peer to peer decentralized currency used for daily transactions,as proposed by its creator "Satoshi Nakamoto". Bitcoin confirmation time and fees for transaction on its blockchain experienced a surge due to it low 1MB block size,many transactions queued up waiting for Confirmation, because it's blocks could not handle the increase in the magnitude of transactions.
BitcoinCash proposed a remedy to the situation by increasing the size of blocks to between 8MB and 32MB,thereby increasing the amount of processing per block within a shorter period of time. Therefore transaction on BitcoinCash are processed faster with low cost on transaction fees and it is also one of the fastest growing Cryptocurrency, and mining BitcoinCash is much more profitable compared to its predecessor because BitcoinCash revised it's EDA (Emergency Difficulty Adjustment) algorithm to make it easier for miners to generate the Cryptocurrency!
Bitcoincash is really breaking barriers and conquering more grounds...it has achieved more than any crypto currency has ever acheived in 3 years, The fast confirmation,The moderate transaction fee,The Market value,The Level of adoption, it has connected a lot of people around the World... Am looking forward to seeing Bitcoincash as a means of payment on most Forex Broker Platforms (FXTM, FBS, IQ Options,Olymp Trade...Etc) and Popular E-commerce website(Ebay, Amazon,Alibaba...Etc) and Other Merchant Website...
My most Sincere appreciation goes to the entire Read.cash Team and also Special thanks to all Donors/Sponsor of this Amazing Initiative...The Future is indeed bright for BitcoinCash!🤗
