#BCHDay has been one trending hashtag in the cryptocurrency world today, the importance of Bitcoin cash has made it's relevance known and used by many.
Today BCH is being celebrated cause today(August 1st 2020) marks it's 3rd year it came into existence since it's hard fork in 2017.
August 1 2020, Bitcoin cash 3rd Independence Day
It would be inappropriate to celebrate without knowing the history of how BCH came into place.
History of how BCH came into existence
BCH came into existence as a result of Bitcoin having issues with block size and scalability back then in 2017, several solution we're offered to help Bitcoin curb this issues, one of the most talked about one was SegWit2x. It suggested that data should be stored in files outside the blockchain. Another solution was introduced by Bitcoin unlimited the limit of 1 Mb per a BTC block should be taken off.
A former Facebook engineer Amaury suggested suggested its better leaving the old bitcoin structure without the SegWit2x and also increasing the block size to 8Mb, part of the Community agreed to this idea and supported the hardfork which created a Bitcoin cash chain.
@RogerVer has been one of the great force holding BCH for he was part of the first investor of BCH, he believed in the Vision of BCH, Roger ver also called Bitcoin Jesus said Bitcoin Cash suits better than the Satoshi Nakamoto’s vision of decentralized digital money(Bitcoin).
Why celebrate BCH?
BCH have proved to stand out amongst many crypto currency, BCH was introduced in 2017 and its been 3years and still counting it have proven to wax stronger despite the ups and downs of the crypto currency
Is BCH indeed the savior of peer-to-peer transactions?
I'll say YES, and I believe BCH is living the BITCOIN dream in which they fail to achieve, I mean with faster transaction lower transaction fee, the adoption of BCH has been made possible by a lot of BCH investors pumping in resources into a lots of BCH platform so to get lots of people aware of the world wonder Crypto currency (BCH).
Happy 3rd year independence day
Happy BCH independence day to everyone. Good to know about Bch history. Thanks for sharing this to everyone my friend.