Bitcoin Cash or what we all know as BCH was introduced to me way way back long ago. When I joined read.cash I got curious since I never used this type of crypto currency ever since.
Cryptocurrencies are like an alien to me. I don't understand them fully how it started, or who started it except for the famous Nakamoto Satoshi for Bitcoin. But for the other Cryptocurrencies, never had time to read all of it including bitcoin cash.
Not until I started in this platform. I tried reading and found out that BCH has been developed (for my own understanding) as a segregation crypto from BTC. A so called hard fork was initiated by developers to be able to create another type of cryptocurency that has its own blockchain. As far as I can understand, since BTC is growing fast, the processing slowed down in the blockchain and so Bitcoin Cash is created.
As observed and compared to other cryptocurrencies like etherium, ripple and and bitcoin, these tend to have higher transaction fees and takes a longer time to process. It takes more confirmations from the blockchain compared to bch.
This is my last transaction with etherium. The network fee took almost half of the amount plus there's a so called gas fee. It almost ate all my money.
Shown above is my latest transaction with BCH which only has one confirmation and less network fee. You will not even feel the deduction.
With regards to transferring money, I feel like Bitcoin Cash is more convenient and so I've got the hint of using this crypto in other transaction in the future.
good article