Hi there Fellas,
Today I’m gonna talk about advantages of Bitcoin Cash. Why Bitcoin is the best? Would it gonna be the next Big Daddy?
Small Introduction OF BCH:
First, let me introduce to you lil bit history of Bitcoin Cash.
It was created in 2017. It was fork of Bitcoin. In July, 2017 some members of BTC community wanted to treat BTC as a Digital investment. All members couldn’t agree on this point. So, they created Bitcoin cash. History is much more, but I am not here to talk about history. Let’s Talk about Future of Bitcoin Cash.
Plus Points OF BCH:
Let's come to the point.
Like Bitcoin, Bitcoin Cash is a cryptocurrency with its own blockchain. It works just like a digital currency and new BCH (Bitcoin Cash) is created through Bitcoin Cash mining. It was created in 2017, making it much younger than Bitcoin.
Bitcoin Cash has cheaper transfer fees (around $0.20 per transaction), so making transactions in BCH will save you more money than using BTC. A BTC transaction can cost around $1 USD per transaction, although it previously went up to around $25 per transaction!
BCH has faster transfer times. So, you don’t have to wait the 10 minutes it takes to verify a Bitcoin transaction!
BCH can handle more transactions per second. This means that more people can use BCH at the same time than they can with BTC.
The main advantage of Bitcoin Cash is that it is cheaper and faster to use as I have mentioned before. This is because it is more scalable.
Its development team is quick to implement solutions that make the blockchain more scalable. Which gives it great future potential for adoption and use.
It is also cheaper to move around between exchanges. Whenever its price surges, it is a great trading asset against Bitcoin and a solid investment to hedge against Bitcoin, should Bitcoin lose its market dominance one day.
One disadvantage of Bitcoin, not Bitcoin Cash is that the core development team of Bitcoin is not united as good as other crypto teams. They appear to be divided as a group and lacking clear leadership.
Conclusion:
All these changes are due to the fact that a Bitcoin Cash block (in the blockchain) is eight times bigger than a Bitcoin block. This makes BCH faster, cheaper and more scalable than Bitcoin. Bitcoin cash is becoming more and more adopted by the day because of this.
And there are giant investors and two of them are here @MarcDeMesel @TheRandomRewarder and have brilliant idea for BCH to overcome on other cryptos to give people money (yeah you can say tips) in Bitcoin Cash.
My suggestion:
I would recommend you to buy BCH instead of buying BTC. Because BCH is cheaper and faster. Although its value is down but its gonna be next Big Daddy.
Plagiariasm. Unique: 12.46%
https://www.bitdegree.org/crypto/tutorials/bitcoin-cash-vs-bitcoin