My WhatToWrite subconscious mind keeps telling me to write immediately! I am thankful to @wrabbiter for a gesture of appreciation.
Since I am a BCH supporter, I’m going to write something about #BitcoinCash. There are so many terminologies in the #Cryptocurrency world, but, this writing is inclined to #BitcoinCash #BCH ecosystem-related information. I think understanding #BitcoinCash ecosystem is a key for someone to excellently participate in the promotion or spreading awareness and adoption of #BCH.
So, whatToWrite about #BitcoinCash? #BitcoinCash (BCH) ecosystem.
The #BitcoinCash ecosystem consists of merchants that are accepting BCH, exchange markets, wallet services, BCH miners, game and faucet sites, projects, and ‘else-sector’ that are using digital channels to interact or communicate, and trade.
Each of these components is crucial for the lifespan and the fulfillment of the promises and purposes of #BitcoinCash (BCH) reasons for existence. BCH is to serve as “digital cash” that is sound money of humanity on Earth, hopefully on Mars too when Elon Musk will stop playing with a ‘joke’ coin, and eventually bring this #BCH to the moon and Mars. It is sound money since BCH protocol ensures that there will never be more than 21 million coins in existence. #BitcoinCash (BCH) allows us to have full sovereign control over our own funds and send money anywhere on earth and possibly multi-planetary with very low transaction fees. There are still more, It offers more privacy and multilevel privacy and anonymity of transactions, permissionless, open network, empowers you to engage with your fellow human beings without intrusion. Also, it’s decentralized, voluntary, non-aggressive, and supports a token protocol that offers flexibility to adopters to create projects in the ecosystem. A very promising future ahead of us if indeed the utilization of this cryptocurrency will reach its maximum NOT as an INVESTMENT VEHICLE but a DIGITAL MONEY that freely moves. I know that everyone in the ecosystem is doing their best at the very least spreading awareness and adoption of #BitcoinCash (BCH) as part of the day-to-day transactions.
So, WhatToWrite else? Is there any chance that #BitcoinCash will become an Inactive Coin or will it die?
Sounds weird, an uninformed, and dumb question. But, as Scott Adams said, “If there are no stupid questions, then what kind of questions do stupid people ask? Do they get smart just in time to ask questions?”. In my case, there are no stupid questions only that questions coming from an uninformed individual. Going back to the question, yes there were inactive coins such as Coinye, BitConnect, KodakCoin, Petro, and OneCoin. Surely, each of these coins has its own battles and reasons for its demise in the crypto market.
On the contrary, the #BitcoinCash (BCH) ecosystem ensures that there will be NO SINGLE POINT OF FAILURE as pointed out by author Maheen Hernadez in her December 2020 article on “The Currencyanalytics.com” website. Basically, the idea is the needed participation and volunteerism of all interested individuals within the BCH ecosystem. This means that awareness campaigns and the adoption of individuals and merchants for daily business transactions are really desirable. In the ecosystem, one of the components is the services and that includes blogging and microblogging sites, and among others. These services implemented various models to attract users around the globe to join their campaign of increasing awareness and possible adoption of Bitcoin Cash (BCH) using other components in the ecosystem in single to multiple different platforms. Another service that gained so much traction over the past months until today is the bitcoincash.site that aims for promotion and adoption of BCH in various forms of participation. Our maximum and excellent participation in airdrops, microblogging sites, and other services that aim to promote #BitcoinCash contributed to the fulfillment of #BitcoinCash reasons for existence. Are these enough?
So, WhatToWrite else and else’s? Threats to #BitcoinCash (BCH).
Firstly, the case of #BitcoinCash (BCH) vs. all other existing cryptocurrencies. One of the threats to #BitcoinCash (BCH) is competition not just competition but FIERCE COMPETITION in the cryptocurrency market. I mean competition between #BitcoinCash (BCH) vs. all other existing cryptocurrencies. This will be expounded in the next series of articles.
Secondly, the increasing additions of new cryptocurrencies definitely want part of the pie, thereby a possibility of decreasing or slowing down the adopter's interest. This will be expounded in the next series of articles.
Thirdly, the disruption of transaction validation of the #BitcoinCash (BCH) transactions. This is a somewhat remote possibility, but, in one way or another disruption to BitcoinCash mining is detrimental to its growth. Disruption may be caused by an electricity power crisis or a possible intervention of the government in a specific country where there are considerable counts of functional BCH mining machines.
Lastly, there are still a lot of factors to be identified as potential reasons for A POINT OF FAILURE of BCH and its ecosystem. It probably to be covered by one of my next articles in this series.
So, WhatToWrite else to Write? Do we have to worry BCH adopters and supporters?
I think we don’t have to worry about a possible POINT OF FAILURE of our BCH. Instead, let’s worry about how we can in excellent ways present facts, quality posts, and quality blogs at our favorite blogging and microblogging sites, and other platforms that support Bitcoin Cash.
There is still more. There are multiple independent teams of developers around the Earth that provide software implementations. Also, BCH has multiple implementations that provide redundancy to ensure that the network retains a secure 100% uptime. Ooh, and if somebody with great ideas and willing to make proposals for changes of Bitcoin Cash (BCH) protocol that require coordination across development teams, bitcoincashresearch.org is a good venue for that. With that, I think #BitcoinCash (BCH) has NO POINT OF FAILURE and is SECURE.
Ohh again! What will be the title of this article? Since I'm going to write future articles related to this, I decided to make this a series with the title "Bitcoin Cash BCH Ecosystem 101: No Point Of Failure".
Ladies and gentlemen and all, this is the story of #WhatToWrite article 2.
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Hello Reader,Follower and Visitor,
A big big thank you for reading and commenting on my article. I’m glad to hear your thoughts and feedback.
