BCH transactions
When the bitcoin cash (BCH) hard fork was created, it was meant to be a continuation of the original bitcoin (BTC) blockchain rather than an entirely new cryptocurrency. At the time of writing, a few hours have passed since the hard fork and it is not yet clear if it is possible to send BCH coins to BTC addresses or vice versa. We do know, however, that there are corresponding BCH and BTC addresses and that these coins are tradeable on crypto exchanges such as Kraken and Coinbase.
In the last hour, the Bitcoin Cash chain has processed 600+ transactions! BCH is the only coin that has consistently remained above its pre-fork transaction volume since October 20th. Bitcoin Cash is scaling the best out of any coin.
We've all heard how Bitcoin Cash is bigger blocks and low fees. We've told you it's the most secure chain (as secure as BTC was in 2012) against a 51% attack thanks to ASIC resistance, and we even told you how to store your funds safely.
On 1 August 2017 Bitcoin Cash (BCH) was born. We were surprised how fast this cryptocurrency got more followers and how quickly he became an alternative to Bitcoin. Since the beginning, our analytics team has been tracking all transactions of Bitcoin Cash in the blockchain. What did we find? It can be useful for you.
With the aid of p2p bch transactions had been made easier. The p2p transactions hold a great significance for the Bitcoin Cash. The P2P network is helpful in facilitating speedy transactions without the involvement of any intermediary. It helps to save huge money in the form of transaction fees. The p2p network helps to make instant settlements at almost negligible transaction fee compared to the traditional mode of transaction.
A significant rise in BCH trade is observed with an increase in the number of BCH merchants. The crypto currency is commanding a high trade volume and with a larger number of BCH merchants selling their products and services with BCH, the BCH volumes are expected to rise further. A huge advantage of Bitcoin Cash over its rival is the fact that it is a chain supported by exchanges and miners, which should help the investors reap benefits in long run.
The investors who invest or venture into this crypto currency asset at present should see it as an investment for long term, rather than for short term. They should have a clear cut idea about the market shifts and have invested after proper research on the same.
To my wonderful and extreme subscribers, inspiring readers, commentator, upvoters and also my generous sponsors . Thank you all so much for been there, from the bottom of my heart I say thank you. Adereign cares.
