Happy Belated Birthday BCH
Yesterday was a special day, the birthday of Bitcoin Cash, lol. Happy belated birthday BCH, dear. Lmao holding the majority of the portfolio in Bitcoin Cash and don't remembering its date of birth, that's not good at all which means I have been not researching properly. But now, I will remember the date 1st August, it's the date when officially Bitcoin Cash split from Bitcoin on the year of 2017. And in those 5 years, it has done a lot of progress and has made a great impact on the ground level.
Understanding Bitcoin Cash
First, let us understand that every cryptocurrency is made for a different purpose and their utility is different from one another which we newbies and midbies many times ignore and don't try to understand which is our fault. If a product doesn't hold any utility then it can't survive in the world for longer times like which is the case for Memecoins.
And unlike any other coins, Bitcoin Cash's main purpose and utility are to be used as a P2P service, not like any store of value and that's why people shouldn't expect and compare Bitcoin Cash with the price of Bitcoin as Bitcoin currently follows the policy of Store Of Value like gold, silver.
Bitcoin Cash wants people and merchants to use it as a currency as it has everything supporting the best P2P electronic cash system and to be used as an alternative to failing fiat currencies and the centralized banking system.
And is doing a great job in connecting merchants and people from all over the world. You can see the live proof on the website map.bitcoin.com. Even I was surprised to see this many companies and shops accepting Bitcoin Cash in my country. It's greater in numbers than Bitcoin and ETHEREUM merchant adoption combined as they don't support the P2P module even though they claim. The simple reason and visible reason is gas fees.
The Impact Bitcoin Cash Has Made On Cryptocurrency
Through the dot cash platforms named read cash and noisecash it has created an open non censored platform for Crypto enthusiasts as well as other enthusiasts who can write and share whatever they want with the opportunity of getting some rewards in Bitcoin Cash. These communities have attracted a lot of new people to the crypto space and in these platforms mostly the working and genuine knowledge is shared. And I must say I have learned a lot about Cryptocurrencies from these two platforms only.
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Final Thoughts
Despite the negativities of fake influencing in the crypto space and trying to silence Bitcoin Cash for no reason. I must say for a 5-year-old crypto coin with actual utility and upgrades over time done in it. It has done great in its merchant adoption section. People who know about Bitcoin Cash are a lot smarter technically because now they approach any new coin with value and utility first. It has created a woken crypto community through the dot platforms.
I wish Bitcoin Cash and it's developers more success. And remember it's been 5 year's only Bitcoin Cash split from BCH and is fighting against the censorship from BTC maximalist and other crypto communities.
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I hope BCH will be here for a century!