You might care to know how Bitcoincash (BCH) started. A little background information would make you appreciate our very own cryptocurrency which is the Bitcoincash.

A little Background Information

Before a transaction is confirmed it has to be added to block. Bitcoin with a maximum block of 1mb couldn’t deal with large volume of transaction, so it took time for transactions to be successful.

This delay in transaction made Bitcoin miners prioritize transactions and favored transaction with higher gas fee which made transactions on the bitcoin block chain expensive.

Because of this situation, Bitcoincash was created August 1, 2017. A hard fork of BTC with a larger block size that can accommodate transactions size up to 32mb

So why are you not using BCH?

The goal of Satoshi Nakamoto was to provide a currency that could be used for daily living and not a currency to be used as a store of value. We all agree that Bitcoin has failed in regards to that aspect and has derailed in the path Satoshi Nakamoto wanted it to walk in

Bitcoincash as the name implies, “cash” just like our fiat, Bitcoincash is diligently focused on the aim of Nakamoto, with high transaction rate and ridiculously low transaction fees!

Well, you need to explain to me why you are not using BCH if you aren’t using it yet

What do you need that you won’t find on the BCH network?

It’s sad that I don’t see lots of YouTube videos supporting Bitcoincash, well maybe I would start mine.

Fast Transactions?

You want to make payments for anything within minutes?
Try Bitcoincash.

Imagine having to wait like for an hour before your payment can be confirmed.
This is a major reason why BCH was hard forked from BTC.
There are lots of vendors around the world that already accepts Bitcoincash as a mode of payment.

Well, they won’t have agreed if it took years for the vendors to receive payment for the services they offer

Low transaction fees?

Oh you want to send very little amount of money or you want to send enormous amount of money and you are critically thinking of the best place to carry out your transaction with minimal fees?

You have been searching the wrong place over and over again!

Bitcoincash perform transactions for a cents of dollar (0.001), even banks won’t give you this kind of a deal.
Below is a picture of average transaction fee of Bitcoincash.

You need a place to keep your money?

Bitcoincash with a limited amount of coin (21 million BCH) available should be where you should look at to save your money.

The good news is that you are most likely to get profit because as more people are adopting the currency the value of the currency you own increases.

Just like how a seed grows without significant input of human watch your money grow when you plant it in the BCH networks.

There is also an added advantage, you are off the radar of the banks and the government when you save your money on our own very cryptocurrency, the BITCOINCASH.

Conclusion

There are lots and lots of services offered by the BCH network that I even do not know of. There is the NFTs, sBCH and many more. You can get more information from their website Bitcoincash.org, join telegram or discord community and keep on exploring the capabilities of the BCH network

Thanks for reading 🙂

cover photo from Binance academy academy.binance.com/en/articles/what-is-bitcoin-cash-bch.amp

All the images used in this article were gotten from the free images on canva.com except when stated otherwise.