Why Bitcoin Cash: A GIFic Overview
I have read so many articles about Bitcoin Cash which is the only cryptocurrency our parent platform read.cash adopted.
Some of these articles are very clear and to the point. I liked these informational articles. They promote the primary coin of read.cash. I love the creators to have fun and innovations to describe a cryptocurrency.
To some of the read.cash creators, Bitcoin Cash has almost become a default currency. They are almost ready to give up all other cryptocurrencies for Bitcoin Cash. It is something like unconditional love for your partner!
Today, I have discovered a site through a newfound friend at noise.cash. The site is called "whybitcoincash-dot-com." I am not writing the domain name as it should have been written. I have embedded the hyperlink instead.
It has helped me enjoy the embedded GIFs about "Why Bitcoin Cash" is fantastic and better than other cryptocurrencies.
"Why Bitcoin Cash" site is so cute
The domain name of the website is straightforward. It says about "why Bitcoin Cash" should be adopted. The name is very appropriate.
GIF Image 00: The zeroth capture, source: https://whybitcoincash.com/
As you scroll down, the site shows links to all the good traits of Bitcoin Cash with nice animated GIFs. I like GIFs, so my senses say, "It is an awesome site about Bitcoin Cash."
I don't (
almost never unless a client pays me to do a small software job
) use any proprietary software to run my computer devices except sometimes a smartphone (I use a smartphone very rarely!) that uses a quasi-proprietary operating system called Android - it uses the open-source Linux kernel. Still, Android is not a free and open-source software!
I ONLY use free (mostly open-source) and offline software to capture and create GIFs. I never ever used any proprietary software or any cloud base software!
I try to capture a GIFic overview of "Why Bitcoin Cash" and share it here with the Bitcoin Cash adopters and lovers!
Come and join the informational yet straightforward GIF party!
BCH is an imminent transformation
I start capturing GIFs from the "Why Bitcoin Cash" website
I use a couple of free and open-source software to grab videos, GIFs and convert them vice versa. The processes are pretty simple. To me, it is simpler and more fun than using proprietary software and third-party software applications in the cloud! Using cloud software is risky for the privacy of your image data!
Wait to see/read how I capture and convert images, videos, and GIFs in an upcoming articles in the writing community - "Linux and Open Source Software."
GIF Image 01: The 1st capture, source: https://whybitcoincash.com/
The cute website shows a brief informational animated GIF playing when we scroll down. It says that Bitcoin Cash (call it BCH now onwards) is "An imminent transformation" and "Cryptocurrencies stand to transform the way business and individuals exchange value."
What a brief and to-the-point description one can say about BCH innovation.
BCH is cheap, borderless, and fast
The second capture is a simple truth about the purpose of a cryptocurrency.
What should a cryptocurrency deliver to the people?
Why would people adopt a cryptocurrency?
BCH answers these two questions simplistically.
GIF Image 02: The 2nd capture, source: https://whybitcoincash.com/
The website gives more information when we scroll further.
When we scroll down more, we see a text - "As demand for fast, borderless, cheap transaction grows, so does the value of the currency powering it."
What else can cryptocurrency offer for the mass?
Why are people excited about BCH?
The top investors of cryptocurrencies are the influencers of the cryptocurrency domain. Some of them guide, help and advise/direct the next innovative moves in the cryptocurrency projects.
The top crypto influencers didn't automatically get their positions. They took risks and invested. Some are co-founders of some cryptocurrency projects. Some of them are knowledgeable and possess expertise in the computing and technology domains.
GIF Image 03: The 3rd capture, source: https://whybitcoincash.com/
The cute website displays quick screenshots of short messages/Tweets of many cryptocurrency investors and founders/developers.
I don't call any name here. You can see it yourself from the website.
What are the actual values of BCH and Bitcoin or BTC?
Who knows, maybe the real Satoshi Nakamoto (if they are a single person) also is a part of the innovation in the cryptocurrency domain. If Satoshi were to write a comparison between Bitcoin and Bitcoin Cash, they would have written the same as shown on the referred website.
GIF Image 04: The 4th capture, source: https://whybitcoincash.com/
The fourth capture could have been a static screenshot because it speaks a solid truth about Bitcoin Cash.
Bitcoin Cash is similar to Bitcoin in delivering a digital equivalence of cash, but with slight adjustments, which I call technological innovation.
Bitcoin is staying as a digital equivalence of gold.
Indirectly, it is saying that the actual value of any cryptocurrency could and should have been linked to a physical object that people considered valuable since time immemorial.
BCH tries to satisfy the fundamental value proposition of Satoshi Nakamoto
What was the original value proposition of Satoshi Nakamoto in the white paper?
BCH tries to deliver only the original value proposition of BTC by Satoshi Nakamoto.
GIF Image 05: The 5th capture, source: https://whybitcoincash.com/
There is no ambiguity of purpose and end product. All cryptocurrencies should/must try to satisfy the primary purpose and value proposition.
What is the difference between BCH and BTC?
The question peeked up on the cute website with a clear answer.
GIF Image 06: The 6th capture, source: https://whybitcoincash.com/
The difference between BCH and BTC brings the question, "How fast is it?"
It is the fundamental question any cryptocurrency must face from the users.
How much time does your coin take to process each transaction?
All cryptocurrencies have to compete with each other for the time required to complete a single transaction.
The actual comparison of BCH and BTC says it all
How many transactions can your cryptocurrency complete per second?
We have made the question a little bit simpler.
GIF Image 07: The 7th capture, source: https://whybitcoincash.com/
The GIF image above speaks everything about the transactional truth of the two Bitcoins - the original BTC and the hard forked BCH.
BCH can complete over 100 transactions per second.
BTC can complete about 3 to 7 transactions per second.
It clears the transactional power of BCH compared to BTC.
How much does a transaction of BCH and BTC cost?
The final question comes to the cost of each transaction. In general, the transaction fees of cryptocurrencies are a genuine concern.
GIF Image 08: The 8th capture, source: https://whybitcoincash.com/
The above GIF shows the comparison of fees per transaction for BCH and BTC.
BCH requires a nominal fee of $0.01 per transaction.
BTC requires a hefty fee of $5 to $50 per transaction.
Therefore, it is clear like broad daylight that BCH outperforms BTC in terms of a single transaction fee. BTC beats BTC in the most vital issue of utilizing resources for completing crypto transactions.
Bringing it altogether
Bitcoin is the first real-world use case of a cryptocurrency.
Bitcoin Cash is a hard fork of Bitcoin that makes an essential innovation in the block size.
Bitcoin Cash can complete over 100 transactions per second.
Bitcoin can complete approximately 3 to 7 transactions per second.
The fee per transaction for Bitcoin Cash is as low as $0.01.
The fee per transaction for Bitcoin is as high as $5 to $50.
Bitcoin Cash beats Bitcoin in scalability.
Postscript
I practice STEM - Science, Technology, Engineering, Mathematics. I develop solutions for password and cybersecurity relevant to the blockchain and cryptocurrency.
I consider a cryptocurrency as one financial instrument.
No cryptocurrency is more or less than that.
I invest enough time in earning new technical skills relevant to cryptography.
Watch out for my articles on safeguarding the private keys of crypto wallets.
Follow the writing community - "Linux and Open Source Software" for insightful articles on GNU/Linux, free and open-source software.
Cheers!
Lead Image: I created the animation with my texts and a screenshot of a part of the BCH Logo download page https://bitcoinbch.com/resources/logos. Sources of all other images are mentioned below the respective images. All animations are created with open-source software.
Disclaimer: All texts are mine and original. Any similarity and resemblance to any other content are purely accidental. The article is not advice for life, career, business, or investment. Do your research before adopting any options.
Unite and Empower Humanity.
I am also on noise.cash ... click the link if you are there.
January 27, 2022.
ufff having bitcoin cash in Venezuela has been one of the best experiences I've had and that's why I'm totally grateful for receiving bch on this platform