Bitcoin Cash, the true peer-to-peer electronic cash system

Since the emergence of the cryptocurrency market and the total domination of Bitcoin Core (BTC), which at the beginning in 2008 was advertised as a P2P electronic cash system, but over time there was a complete turnaround in its modus operandi, there was a need to find a currency that truly works for everyday transactions.

Bitcoin Core has already conquered the market with investors, individuals, business corporations and an infinite range of people around the world, but it is still not a daily use asset and its fees are high not matching what comes in the whitepaper becoming a purely speculative asset and not scalable to host many transactions in the block to give dynamism to the blockchain for daily usage and payments.

It was inevitable that the split from Bitcoin Core to a more realistic and daily currency could born, and here's where Bitcoin Cash emerge. As part of Bitcoin crew always wanted to keep the currency accessible for everyone and respect the Bitcoin whitepaper commandments, so in 2017 Bitcoin Cash has its independence and autonomy to continue to follow the path its creator Satoshi Nakamoto has always pursued, an inclusive currency with affordable fees that can be used for everyday purposes without prejudice of paying a lot for each transaction made on the blockchain.

And it's here where Bitcoin Cash is born!

Bitcoin Cash since it's 2017 has always maintained its status as one of the prominent currencies in the trading market occupying place as Top-currency in the capitalization ranking selling billions of dollars worth in the currency all across the world.

Beginnings Of Bitcoin Cash currency [resumed]

Bitcoin Cash was born from the discussion of scalability, where one party refused to adhere and the other imposed resistance so that the currency had more transaction capacity and a larger block to support more operations and could be used daily without prejudice to the user in paying highs fees also to confirm fast on chain.

During this period, prominent figures in Bitcoin Cash history were born, such as Roger Ver, who along with a significant part of supporters, the cause got its independence from Bitcoin Core on August 1, 2017. During this period the block size in the Bitcoin Cash blockchain increases by 1 Megabyte [wish is the block size of Bitcoin Core] to 8 MB and later to 32 Megabytes.

With the increased block size Bitcoin Cash is able to transact faster at a low cost and serving for everyday use.

Possible Uses Of the Bitcoin Cash currency

Bitcoin Cash as the name implies 'cash' can be used quickly, dynamically and decentralized for everyday purposes. Currently there are several merchants who accept the currency around the world and receive the currency in exchange for their products and services.

For them it is beneficial and fast, keeping its market value even more reliable as the value of Bitcoin Cash received by exchanging with their products could increase with time, and for the customer it is very convenient as he does not need to exchange Bitcoin Cash by Fiat to be able to use it to purchase goods or pay for services.

Therefore, both parties have a great advantage using the currency!

These advantages are ensured by a currency that by having a larger transaction storage block can confirm and host transactions faster and still charge extremely low fees, and make the currency work for daily peer-to-peer payments where merchants and users can transact directly without needing a third party involved.

Bitcoin Cash is also ready to be used in the DeFi ecosystem, where Smart Contracts can be issued on the new and innovative SmartBCH side-chain. Here users can also enjoy participating in decentralized finance and have guaranteed access to the various projects without having to pay high fees, such as those found on the Ethereum network.

Bitcoin Cash can also be used to issue NFTs, Non-fugible tokens, issued in SLP-simple ledger protocol, which are part of the Bitcoin Cash mainnet where the technology also allows the issuance of various tokens that can be used for various purposes.

In short, due to its nature, Bitcoin Cash can have countless uses, either in daily commerce or even in long investments, or it can be used in decentralized Finance using smartBCH or even the Simple Ledger protocol, all offered with low rates, transparency and Bitcoin Cash network security.

Summary,

Here we can ask: what does Bitcoin Cash have in store for us in the future?

Well, Bitcoin Cash has a very promising future, as not even a third of its capacity has been explored, but with the emergence of SmartBCH and the daily use of currency as a medium of exchange in the market, it opens up good prospects for it.

The projects behind the side-chain SmartBCH will give more visibility and usability of the main Bitcoin Cash network and make its adoption more effective.

In the commercial field, Bitcoin Cash can be used in several stores around the world and, payment providers in cryptocurrencies accept the currency in their transactions, cases of Bitpay, Gocrypto, Coinfy etc. In 2019, entrepreneur Roger Ver, announced that he has $200 million to finance certain projects that are willing to build their businesses/applications using Bitcoin Cash as their primary currency.

Therefore, the future of Bitcoin Cash is very interesting and with more and more people realizing that the currency works for daily peer-to-peer payments and can also be used in decentralized finance, its usability will be greater and with time more retailers will also come into action by increasing its diffusion in the world.

Bitcoin Cash is the currency that everyone wants to have to use in a world where transaction fees matter and are important in everyday use, the currency has the most favorable ones for the people.