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Bitcoin Cash 3rd Anniversary

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Written by Β Β 178
3 months ago

Yes. 12 days left and #BitcoinCash is celebrating its 3rd year anniversary!

Let's take a look at some of the achievement #BitcoinCash made.

Increased Block Size

What is amazing about #BitcoinCash is that its creation was already a plus for its future. It was forked from Bitcoin in 2017 because of the developers wanted to increase the block size from 1mb. While the bitcoin network is stock to this, the Block Size limit for Bitcoin Cash was increased to 32 MB, which not only boosts the verification process of the transaction on the network but also strengthens the Blockchain through heated network activities carried out by miners. This upgrade helps Bitcoin Cash process and handle more transaction than Bitcoin.

Simple Ledger Protocol

This is another major achievement of Bitcoin Cash. And it is built on Bitcoin Cash Blockchain.

It was created to be one of the network's most efficient and reliable tokens. The token was created using the ElectronCash wallet can be traded without any intermediate party. The SLP is designed to limit cost as every single transaction performed cost little to no fees. The SLP embodies the network's goal to create a feasible digital currency that wees out the typical limitation of others.

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CashFusion

This is one of Bitcoin Cash top projects. CashFusion is a privacy tool created to enhance privacy and security on the Bitcoin Cash network. The project raised $100,000 in funds from its security fundraising goal. Though the project still has many loopholes to catch and fix, CashFusion helps to take Bitcoin Cash to the next level.

Price Performance

In terms of price performance, the cryptocurrency with the market capitalization of $ 4.28 billion as of now, is the fifth-largest cryptocurrency compared to its counterparts. With Grayscale Investment announcing that the Bitcoin Cash has been approved for public trading by the Financial Industry Regulatory Authority (FINRA), this could be beneficial for its price value.

Thank you for reading!

"Bitcoin Cash just use it" - Cain

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Written by Β Β 178
3 months ago
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Comments

Interesting article dear. #BCH is one of the best cryptocurrency. I use it the most because of it's low. Very low transaction fees. #BCH is just luck of users. Once it demand goes high it will fly to the moon. πŸŒ•

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