Good day friends. Hope you are all doing well. I will be writing on BitcoinCash today and this is just my mere view on what i think is going to be the outcome of this wonderful crypto currency in the nearest future and after the pandemic.
BitcoinCash from what I have learnt so far on this platform is a peer-to-peer electronic crypto currency that was drafted out from the all known bitcoin. I also got to know that BitcoinCash was subsplitted into two, the BitcoinCash and the BitcoinSV. Many calls the BitcoinCash "the hard fork of bitcoin". I am still trying to understand what that really means but with what I have seen and heard, I think when they say its the hard fork of bitcoin, they actually mean the better and fast version of bitcoin.
Now why do i think the BitcoinCash has a brighter future even after the pandemic?
I say this because of what I have observed between the communities and efficiency of both the bitcoin and the BitcoinCash. Many people who has thousands of bitcoin dont spend or use these coins. They keep it in their wallets for days, weeks and even years without spending it. This should have a bad effect to bitcoin as a currency. It makes it more scarce and uneasy to spread round the world. From what i understand about currencies of any kind is that, "the more you use and spend a currency, the stronger it becomes in the market",Which isn't the case of bitcoin.
Whereas in the case of the BitcoinCash, the communities of the BitcoinCash are stronger and spreading wide the world on a daily basis. The BitcoinCash is faster in transactions and charges way lesser transaction fees than the bitcoin. The BitcoinCash is being adopted by many people round the world as the better version of the Bitcoin and millions of people today use the BitcoinCash for easy and faster transactions due to its cheaper fees.
Now with this two illustrations i have given, you would see that BitcoinCash seems to have more hope of survival than the bitcoin in the nearest future. I will like to urge all communities of the BitcoinCash to keep up the good work that they have started. The time of celebration and excitement is drawing closer and closer. Keep your hopes high. We are with you all.
Thank you all.
I think BCH has a bright future though i dont known much.. But i am interested to learn more.