Bitcoin Cash (BCH) Ecosystem: Upgrade and Adoption

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Avatar for Yndnope
2 years ago

More than three weeks ago, I started writing an article for the theme “Bitcoin Cash (BCH) Ecosystem”. My first article  “Bitcoin Cash (BCH) Ecosystem 101: No Point Of Failure” didn't gain significant traction that made me decide to pause writing articles for this theme. Until one week ago, I resumed writing for this theme and were able to write three (3) follow up articles, Bitcoin Cash (BCH) Ecosystem: Top  Articles for Bitcoin Cash, Bitcoin Cash (BCH) Ecosystem: Top Articles for *Bitcoin Cash Wallet*, and Bitcoin Cash (BCH) Ecosystem: May 15 Upgrade - A No Point of Failure. My goal here is to reemphasize all aspects of the BCH ecosystem, including facts, challenges, opportunities, campaigns, adoption, and everything else. I believe that every now and then, there are many stories that surround this trend and are worthy to be shared with all readers.

The Bitcoin Cash Update was Successfully Implemented

The upgrade of Bitcoin Cash happens every six (6) months that the latest was on May 15, and was successful. The news.bitcoin.com posted after the successful implementation of upgrades and announced that the network is working well. For more information kindly visit the article in this link https://news.bitcoin.com/bitcoin-cash-upgrades-successfully-network-works-as-intended/.

Bitcoin Cash Adoption in Argentina

Cryptocurrency news outlets and blogging and microblogging platforms such as news.bitcoin.com, https://forum.getpimp.org/, https://www.reddit.com/, coinbench.com,  and read.cash recently highlighted news on Argentina Launches a Flipstarter to Increase Bitcoin Cash Adoption. Bitcoin Cash Argentina, a non-profit whose mission is to encourage the usage of Bitcoin Cash, has launched a fundraising initiative to collect funds to demonstrate the cryptocurrency's use cases in Argentina and increase its acceptance. This campaign has been funded by BCH people with an amount of 52 BCH as of this writing. These initiatives based on their report are gaining traction in that part of the world, and hopefully, this will be successful, as many businesses and users adopted BCH payment and wanted to see themselves found in the map who accepts BCH in their transactions. 

My Thoughts Sketch

In my own reaction to my last article about this theme, I mentioned that maybe this May 15 update would cause another disagreement that will result in an inevitable fork or division of Bitcoin Cash. Good thing, it was not mentioned during the update. Just the same, my position is that though regular updates are beneficial to keep the BCH network and ecosystem efficient and stable, any proposal updates that I believe should be shared and voted on by the BCH community before being implemented. But I think this can be addressed by the new proposal as introduced in the latest updates on the incorporation of CHIPs.

On the other hand, Bitcoin Cash Adoption in Argentina is very laudable. It helps secure the demand for BCH through awareness and adoption. It is worthy to emulate the same initiative in other parts of the world. 

With the above developments,  I would say that the Bitcoin Cash Ecosystem has NO POINT OF FAILURE.

Thank you!

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Avatar for Yndnope
2 years ago

Comments

Part of this article is just poor rewording of this source: https://news.bitcoin.com/bitcoin-cash-upgrades-successfully-network-works-as-intended/

I'm sure the same is in all the previous posts. Copy-paste, paraphrase, takes just a few minutes about things you don't understand and provide no link to your source.

Obvious intent to cheat since you paraphrase content of others to present it as your own.

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