P2p Money and an All-Inclusive DeFi ecosystem in Bitcoin Cash
Nowadays the cryptocurrency market is so big and constantly growing that it is practically impossible not to connect with it. Those still on the outside are definitely missing out on one of the greatest technologies invented by man in the 21st century.
But of course not all of them truly work as digital money, as most of them continue to charge absurd transaction fees, which in a way contribute to their poor adherence and diffusion. It is therefore necessary to understand once and for all that the use and adoption of cryptocurrencies largely depends on the acceptance that they are indispensable for human development, and this also requires that transaction fees be low or equitable to what people are already used to pay in the traditional world.
Bitcoin Cash plays a leading role in the adoption of cryptocurrencies for everyday use
Unlike many cryptocurrencies, Bitcoin Cash is poised to play an important role in massive use by increasing adoption by people who are willing to use it actively and on a daily basis.
Bitcoin Cash allows anyone in any part of the globe to use cryptocurrency to make payments, send money to family members, make banal purchases of products necessary for human experience without having to think twice, after all, what the network is going to charge will be too little for the transaction to be confirmed on the blockchain.
Cryptocurrencies to succeed and have greater acceptance have to be considered necessary and for that to happen they should not charge absurd values just in fees, which can scare away potential users.
Many cryptocurrencies time and time again end up being passed over by users because in fact they do not work in real life as they are incompatible with what reality offers.
Bitcoin Cash definitely works in everyday life and allows anyone who has it in their cryptographic wallet to use it without much effort, after all is digital Cash that allows everyone to connect financially without having to pay a lot just in transaction fees anytime and anywhere in the world without interruptions every day of the year.
And not only!
Bitcoin Cash Has Decentralized Finance (DeFi) Accessible to Everyone
The world is sometimes cruel to men where legal financial means are like a machine for the expropriation of their assets, that is, anyone for example, who wants a loan from the bank must necessarily apply with them. This obligation ends up costing men dearly and they end up paying dearly for this loan and if they do not, their reputation is tarnished, ending up on the blacklist of these institutions, sending the applicant to despair.
In the crypto world, this obligation ends up being relegated to the background and the loan applicant only has to have collateral crypto to enjoy infinite benefits with decentralized finance, the well-known DeFi.
But DeFi is not always inclusive much because of the execution fees that various blockchain networks charge, which are even much more than what banks charge, making it practically impossible to take advantage of them actively. This no longer happens with Bitcoin Cash!
Bitcoin Cash has a world of decentralized finance accessible to everyone with SmartBCH!
SmartBCH was implemented to demystify this great imperfection that the world has and with that to make the majority have an active, direct and fast participation in the world of decentralized finance, paying a little for it.
It is true that the protocol is still under development but a lot is already being done and the participation of people in it is constantly evolving. For example, decentralized lending services do not yet exist (with Mistswap DEX developing the same) but users and investors can already bet on other areas such as trading SEP-20 tokens, buying and selling NFTs, Farming and LPs stake and much more.
Summary,
Bitcoin Cash is not just a mere currency but a strong community in the crypto world. It has projects with fundamentals aimed at the people where they can enjoy a real world where the differences between the traditional and the technological (cryptocurrencies) do not have much difference in movement rates.
Not being in the world of Bitcoin Cash is the same as losing a lot of money in transactions while you could be saving the same for the future and thereby maximizing the profits that come from this movement of values.
It's useless to think that fees don't matter when it comes to the crypto world, because that's a complete lie, fees do matter and allow that the lower they are, the greater the number of people joining and using it massively and actively . If people can use it in everyday life and with it acquire goods and services, anyone in the world might want to use Bitcoin Cash.
Those who are not yet in Bitcoin Cash do not know what they are missing and with the introduction of smart contracts with SmartBCH, the currency is going far and this year it is imperative that the crypto world give it more credit because if you leave it aside you will surely lose!
Bitcoin Cash works.
Find me on noise.cash
I am not familiar with this, but I am starting to learn new things on the crypto world. I am happy that I read this article it could add up my experience to learn this information. I have been reading information about this but I can understand fully I hope I could understand it soon