2022 Bitcoin Cash will be accepted by most governments

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2 years ago

There are many advantages of cryptocurrencies such as bitcoins in our daily life. Bitcoin is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks). It was first proposed in 2008 by Satoshi Nakamoto, a software developer who believed the world needed a decentralized currency.

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[blockquote]The history of currencies is the history of war.

Bitcoin Cash was born out of frustration with Bitcoin Core's (BTC) growth and development decisions. BCH's fork was spurred, in no small part, by the community's desire for a block size increase. At present, the Bitcoin blockchain can only support up to seven transactions per second and has an average transaction confirmation time of 10 minutes.

By 2022 am predicting that Bitcoin Cash will be accepted by most governments and become a global economic zone. As the world has moved away from the gold standard, wars have been fought over trifles and fools. Double-digit inflation is a dirty secret of every government.

Wall Street is taking its cut before our retirement funds see a penny of return. The Federal Reserve and its central banking counterparts are run by a small group of men and women protected from market forces and political retribution. Bitcoin has the potential to be an instrument that could give power back to the people.

Peer to peer electronic currencies - 2022 Bitcoin Cash which a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks) will be become stronger and accepted by governments and individuals.

Peer to peer electronic currencies are growing in acceptance among Governments and individuals. These coins allow for secure payment of goods and services without the need for banks. The ability to exchange content via decentralized and open networks can help individuals regain their privacy.

Peer-to-peer electronic currencies have the potential to support a new global economy. However, volatility and scalability have dissuaded companies from adopting them. In response, 2022 bitcoin cash will offer payment platforms that are competitive with credit card and peer-to-peer transactions. By reducing transaction fees, bitcoin cash will be able to support remote workers, micropayments and other Internet applications that require minimal transaction fees.

The introduction of stable currency is vital for the growth of cryptographic currencies and monetary systems. Stable currencies like bitcoin cash can act as hedges against the volatility of global currencies.

Peer to peer electronic currencies are gaining popularity at a very rapid pace. They are the newest global digital currency that allow transactions anywhere in the world with minimal transaction fees (no middle man involved).

Peer to peer electronic currencies allow worldwide payments. They are stored online, and their security is entrusted to military-grade cryptography. They are estimated to increase in value compared to traditional government issued fiat money. But in order for them to become widely accepted by governments and individuals alike, they must meet three basic requirements: they must be used globally, they must be considered safe, and they must have an available market.

The first requirement is being fulfilled as of 2017 when more than a dozen of companies started accepting payments in bitcoins (for instance Dell and Microsoft).

The second requirement is being fulfilled by securing the network with additional servers that make it more difficult for malicious users to manipulate their blockchain.

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Comments

Bitcoin cash is not a stable coin, please correct the information.

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2 years ago

It's what we are all waiting for. It must be accepted by many countries as a means of payment. It is a token of the people and a token made for the youths.

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