Bitcoin Cash was born on August 1, 2017 via the Bitcoin network, then given the ticker BCH. Initially, BCH appeared via a fork on the Bitcoin network, as a result of debate within the community who wanted to scale Bitcoin. The question is, is buying BCH a good choice?
As an illustration, the Bitcoin block size is 1 MB which allows around 250,000 transactions per day. Meanwhile, Bitcoin Cash has a larger size, which is 8 MB, so that about 2 million transactions can be processed every day.
In a short time, Bitcoin Cash has become the favorite of many investors and speculators. Just look at it when it was not too long from its launch, the value even reached more than Rp. 60 million, before finally dropping to around Rp. 20 million when this article was published. If we take a deeper look, there are several reasons why Bitcoin Cash or BCH is worth buying.
Buy bitcoin cash or BCH? Why not!
1. Infrastructure
Never before has a cryptocurrency gathered support as fast as BCH in such a short period of time. In its first nine months, Bitcoin Cash has been accepted by so many exchangers and wallet providers.
In an instant, some of the top exchangers such as Bitstamp, Coinbase, Kraken, Bithumb, GDAX, Binance, Poloniex, and Bittrex immediately accepted BCH. While the wallet providers that accept it include Edge, Bread, Jaxx, Copay, Exodus, Ledger, Trezor, Stash, and Mobi. Isn't that amazing?
2. Community
Many BTC supporters were involved in BCH hard forks before August 2017. They are of the view that a new system is needed to upgrade the previous protocol. This difference of opinion has prompted some developers to look for new alternatives, and some have even been banned on the bitcoin reddit forum for talking about the upgrade.
After a successful hard fork, the BCH community is getting excited about making this cryptocurrency work according to their expectations, namely reducing high transaction fees and cutting down time.
3. Cheap transaction fees
That's the reality!
It's easiest if we just compare, the rules of the game are seen on April 20, 2018. The BTC brokerage fee is USD 0.199 per transaction, looks cheap right? But it turns out that it is very different when compared to BCH which is only USD 0.0028. Moreover, it is likely that the fees from BCH will always be cheap with the block upgrade to 32 MB.
4. Features
The use of cryptocurrencies, of course, still raises big question marks from a security standpoint. Therefore, BCH developers are focused on creating transactions instantaneously while remaining safe for the community. Thus, people become convinced to use BCH.
In addition, upgrading the BCH network also makes it possible to use smart contract and tokenization features on the network.
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