Why Bitcoin Cash will be Global Currency

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Avatar for TheEmpress
2 years ago

Tens of thousands of daily users

Bitcoin Cash isn't the crypto that sits on an exchange wallet and never gets touched. You can actually use it, daily. Yes, you can even *gasp* buy stuff with it. Like a few domains I bought the other day, I paid for them in Bitcoin Cash. There are tens of thousands of businesses and individuals that accept BCH for their goods, resources and services. Many people also earn BCH daily and get rewarded in it for their content on various social platforms.

As such BCH has something very few other crypto currencies have - tens of thousands of active daily users.

Ultimate Scalability

Whereas most large crypto projects that are really well known have to include second layer options in order to be scalable BCH already is naturally able to handle larger volumes of transactions than others.

The Development team is always ahead of what's needed, the innovation comes before the necessity for said feature. As such BCH can probably handle thousands and thousands of transactions per second - whereas others can only do a handful of them without 2nd layer solutions. We've seen several times where the network could handle more transactions than usual.

Because BCH can process more transactions than other Cryptos this means there is ultimate scalability on demand. As the users of Bitcoin Cash grow, the network can keep up. Those who remember all those penny microtransactions from Noise in the first few months? What about the whole craze that occurred when SLP tokens and NFT's took over the blockchain and then SmartBCH tossed more transactions on top of the network as people used bridges to swap BCH and SmartBCH back and forth. The Bitcoin Cash blockchain was able to handle ALL of it; quickly and efficiently.

This shows us that even without extra innovation, Bitcoin Cash has Ultimate Scalability on demand. The network can handle the growth to millions of users.

Constant Innovation

The constant improvement and innovation in the BCH space is second to none. We now have BCH powered social communities, tipping tools, gig websites, token ecosystems, NFT's, and now even DeFi and SmartContracts. As there are several prominent and capable development teams active in the Bitcoin Cash community there is a constant stream of awesome tools and great resources for the users. We have access to wallets, dividend tools, bridges, decentralized exchanges, NFT Marketplaces; local meet up groups, fundraising platforms; DeFi Farms and so much more! Due to the innovation the community has made it a habit to always pay attention to new projects and resources, as these come around almost every week.

You can get Bitcoin Cash almost anywhere

There are many cutting edge coins and tokens, but few that are as readily available for earning or purchase as Bitcoin Cash. There's no exchange that doesn't offer BCH, there is no place you cannot get rewarded with it. It's insane but you can get it in more places than even Dogecoin or Ethereum as there are whole social platforms and gig market places that only use BCH! I can't think any social platforms that use Bitcoin or Ethereum; yet Bitcoin Cash is used on many of them!

Enormous amount of Adoption

There is a large emphasis on Adoption and real world use of Bitcoin Cash. This is especially true in places like Venezuela, Nigeria, etc. Places where most other Cryptos can't reach as the fees are too high or they're not able to reach the people there as people there can't get those coins. Bitcoin Cash gets into those communities and is adopted by people and merchants alike in those countries. Whole groups are dedicated to spreading awareness and helping foster adoption of BCH across the world.

Since BCH isn't just a crypto focused on hype and market speculation it is already more valuable than most other coins on the market. Each person that adopts the use of Bitcoin Cash as currency makes it more valuable.

Bitcoin Cash is young, it forked only 4 years ago.

This means there hasn't been a lot of hype on the news about it, nor has there been a decade worth of time to grow into the market place. When other well known Cryptos were less than 4 years old, they were barely over 100$ worth, BCH has been multiple times that much before. While the fork is only 4 years old, the community has been around and active as long as Bitcoin itself. Some of the people who develop for BCH have been in Crypto since 2009 and 2010.

Due to both of those factors in a decade BCH will be worth multiple amounts of this, especially with the constant innovation and huge drive for adoption. Since Bitcoin Cash improves upon the original peer to peer Currency invented by Satoshi, it will thrive and surpass all others in the market place.

Using BCH is simple, like an Email.

Just like email Bitcoin Cash is so simple to use. There is no real technological barrier as everything is pretty easy to understand. Through the many BCH powered platforms there are methods to send money to anyone for any reason you wish; these platforms make it easy to do so in seconds. Find a profile, click a button and viola, the BCH is sent. There are no complicated gas fees to calculate, it's less like a banking transaction and more like sending an email.

You can Earn Interest on BCH

This is a game changer. Through Nexo and some other DeFi services you can actually earn interest while HODLing Bitcoin Cash. The rates go anywhere from 4.5 % to 6 % with absolutely no risk on centralized platforms and even higher when you get into Liquidity pools and DeFi powered by SmartBCH. Quite a few tokens give dividends to holders. Doing your research and paying attention can give quite some yields over time, sometimes it's even enough to catapult you straight into the 1BCH club!

There are at least a dozen more reasons of why Bitcoin Cash will rule the world. The ones given in my article are just a few things that each alone would boost the value of BCH, but together they're going to bring us straight to the moon.

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2 years ago

Comments

I'm slowly trying some potential ways to grow my BCH. Thanks to noise and read for they are such a great help with that.

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2 years ago

I'm doing the same. To me Noise.Cash is a life saver as the community there (and here) really helped solidify my knowledge of BCH and that helped me grow my initial holdings more than just the visible rewards from my posts. Once I learned more I started exploring the ecosystem and I'm gradually getting into more complex stuff which helps my earnings diversify and increase.

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2 years ago