8 Basic principles that make Bitcoin Cash a better form of money
Bitcoin Cash is a peer-to-peer electronic cash system, made with principles that make it accepted & adopted both, by individuals also companies as a means of payment in places where fiat has had problems such as inflation, restriction or even choice to use, as BCH can be used to make payments for everything that is important in life.
Here, I will list some principles that makes Bitcoin Cash an indispensable asset to use on daily basis:
Bitcoin Cash cannot be frozen or even closed by anyone, it's uncensorable;
Unlike centralized accounts where handling can be automated by a third party which has practically entire domain, giving only part of its use so that the customer thinks that has control of his account, Bitcoin Cash is in fact entirely controlled by the user. The user can at any time make use of Bitcoin Cash without fearing to be frozen or even denied access, which can lead to be blocked stating some violations on TOS by a third party!
People who use Bitcoin Cash have absolute control over their funds and use them to acquire goods and pay for services important for human experience at anytime, anywhere as its borderless.
Bitcoin Cash doesn't need know your customer (KYC) policies;
It's annoying when people need to follow bureaucracies that are intrusive to the individual's privacy, a fundamental right that makes people decide whether or not to give their personal data in order to use a service.
Bitcoin Cash makes that bureaucracy skipped as doesn't need to know your personal data in order to use, send or even receive payments using the cutrency.
Note that KYC is a third party service, totally uncomfortable when it demands to know people's all their Identity information in order to facilitate or allow a certain app, platform to give them right to enjoy it. This bureaucracy is embarrassing because many give up feeling that their privacy is being violated, which no longer happens when they use Bitcoin Cash as it is a decentralized money system where the user controls his wallet address just using their seed phrase.
Bitcoin Cash is secure;
Bitcoin Cash runs on Blockchain, a very secure system, its fully decentralized, And allows to be practically inviolable, as the validators are spread around the world being responsible for confirming transactions, not allowing each of them to be done twice, keeping the system the best invention in recent times in the technological world.
The cryptography is strong that it is practically inviolable, making the blockchain not only used for financial transactions but also being used to store information that is forever immutable. Its an open system that could be followed live.
The validators receive a reward in specific blocks and the system is fair for everyone who participates on its maintenance.
Bitcoin Cash is the beauty of peer-to-peer transactions;
While the modern world is centered on transactions carried out by banking instruments (credit cards, mobile money, bank cashier's etc) built to increase a modern 'money' slavery, this services cost a lot on commission fees.
Bitcoin Cash is focused on the decentralization of financial resources giving the individual ability to manage payments directly peer-to-peer.
The Bitcoin Cash system allows payments to be made directly between individuals without interference from third parties, ensuring increased security also a more pronounced review as they are permanent and irreversible.
Accepted at over 100,000 merchants around the world;
Bitcoin Cash is a currency with a lot of influence in the world and used as a means of payment in more than 100,000 merchants around the world. Merchants are increasingly accepting the currency, which can also be justified by the opportunity that many have to control and circumvent the commission fees charged by banking instruments and thus create a higher user-friendly ecosystem for every Bitcoin Cash user.
In recent times, news has been released taking Bitcoin Cash as a means of payment not only by merchants but also people who are willing to accept the currency to receive a salary, make investments and much more.
Goods and services can be purchased using the power of Bitcoin Cash without having to exchange it for Fiat money, the currency continue to pay for things that really matter in people's lives, one of those places where Bitcoin Cash has been gaining more and more adoption is in the Caribbean islands, Venezuela, third world countries where transaction fees really matter and it also serves as a bank for the unbanked in most of the world where people don't have access to banks.
It's a trusted currency;
Almost every exchange in the world has a trading pair that involves Bitcoin Cash moving large sums of millions of dollars worth in Bitcoin Cash.
Bitcoin Cash is traded on the largest planetary exchanges in the crypto universe as well as payment systems such as PayPal, Blockchain.com, or even the largest exchange in the world such as Binance, it has a highly reliable market and its usefulness is growing every day.
More and more exchanges and businesses will trust their customers with Bitcoin Cash usage.
Bitcoin Cash has no borders;
Imagine the trouble it takes for people who want to travel abroad to carry thousands of paper bills with them as part of their luggage, or even having to inform their bank agents that day x they will be traveling and any suspicious movement coming from abroad was totally justifiable while, can bypass these headaches and use Bitcoin Cash as it is borderless and can be used worldwide.
And not only that, Bitcoin Cash can be used to send values in remittance as it has no impediment and the rates are quite good compared to modern means. Bitcoin Cash has no borders and could in record time be sent and used right away for payments for goods and services.
Bitcoin Cash can mint own tokens,
Using SLP (Simple Ledger Protocol) technology, it's possible to quickly and securely create tokens on top of Bitcoin Cash as well as trade the same tokens on dedicated platforms such as memo.cash.
There are famous coins like USDT, FlexUSD and others that also exist on the Bitcoin Cash blockchain.
Easy as 1,2,3 to use BitcoinCash
Bitcoin Cash is quite easy to use and doesn't need a technique to do so, actually, anyone who could send a message can safely use Bitcoin Cash.
For its full use, the user only has to create a wallet and, most importantly, after creating it, back up the seed phrase so that even, for any rea lose access to the device or even lose the password, can continue to have the funds intact.
One of the user-friendly wallets to get started in the Bitcoin Cash world is Bitcoin.com, which, in addition to being simple of use, also offers a wide range of products that allow the to be connected to what is happening in the crypto space. Users could easily buy any cryptocurrency that the wallet allows, has a swap service integrated with sideshift.ai, real-time price charts and the latest,
Every user of the bitcoin.com wallet can now be rewarded by the Verse token, a currency created with the aim of offering rewards for those who actively participate in the Bitcoin.com ecosystem, Verse is not simply a token but also a crypto universe that makes up a decentralized exchange, cash backs, will also have a debit card i.e. better looking at the whitepaper to better understand what Bitcoin.com have prepared for their loyal users.
Therefore, using Bitcoin Cash is simple, practical and efficient and also has great advantages such as rewards (verse) reduced fees and fast transactions that do not need confirmation to use immediately, and those who are not in the Bitcoin Cash ecosystem are losing all fun it provides.
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Except for the growing list of small merchants accepting BCH worldwide, all other traits are typical of most cryptocurrencies.