Bitcoin Cash ... a Coin with a Long Way to go

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Avatar for martinezdamp
4 years ago

The world of cryptocurrencies excites me a lot, given the concepts and the various initiatives that exist and that are manifested at every moment, it is very difficult to separate and get involved by a single idea. Logically, the biggest and main project to cling to in this world is Bitcoin (BTC), regardless of the reasons, it will always be a key reference in this change that we want to live.

Next we find other aspirations for growth in the alt's, DeFi's, currencies, but in itself, I cannot find a good project that maximizes and increases the position of cryptography in the financial ecosystem, beyond its wide use. I am not a maximalist, nor am I someone who discards a good project in which the potential of technology can be harnessed for the benefit of many communities.

There would be a considerable amount of arguments, but you will not see me criticize and discredit a coin that shows and adds indications of improvements and benefits within all this debt madness to which we are subjected.

This description is very close to the situation that is happening with Bitcoin Cash (BCH). With the last halving of BTC in May, the BCH hash has registered a progressive fall of more than 40%. As if this were not enough, many wonder if the use of BCH is necessary since its use would be highly criticized and there would be no difference other than its greater processing in the number of transactions.

If to this is added the abandonment of the miners of this network to other more profitable ones, things are not advantageous for BCH and it gives reasons for the maximalists to continue sinking more nonsensical criticism of initiatives that only meet the level of functionality in cryptos like BCH.

Personally, BCH has a lot to give and is far from being the center of ridicule of the maximalists. Its transaction speed remains unquestioned and with initiatives underway such as integrating the mixing protocol, the momentum of this currency will be precise and of great surprise to many.

It is currently in the sixth position of the coinmarketcap under a price of $ 220.88, and at the time of this writing it is presented with an increase of + 0.62%. Even with these data, BCH has not left its users badly, they have a good percentage of profits, much in spite of the results of these last months and the accumulated annual.

BCH has not stopped showing that it has a lot of potential to continue being a reference as a currency of exchange, despite its own halving, I do not stop supporting any project that has a space in this cryptographic world. For me, this writing was important and in my opinion, fair, to have BCH in a good place, regardless of whether they are lovers of BTC or alt's, it is still a piece of the cryptographic line and is part of the change that already we live.

This article is written with its own content and you can also find it on my Publish0x blog under the following link.

https://www.publish0x.com/cryptographic-alchemy/bitcoin-cash-a-coin-with-a-long-way-to-go-xllkvln

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Avatar for martinezdamp
4 years ago

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