How BCH can bring great future
Bitcoin cash is playing best in the world of cryptocurrency since it has been developed for the first time in 2017. According to recent research, it has 5th rank out of all cryptocurrencies. It was introduced to boost the value of Bitcoin. It was 1MB size of the regular block of Bitcoin. So, there was a limited amount of transaction and lower transaction fees. But the Bitcoin cash had 32MB size for each block when it was introduced the first time. This heavy size stable block also boosts the limit of transaction.
Bitcoin cash is a popular fork of Bitcoin that gets a prominent place in the technology of cryptocurrency. It has shaken up the community of cryptocurrency. Though it is the fact that it cannot challenge the ancestor Bitcoin, it has many advantages that can bring better future of our lives like;
How can BCH bring a great future?
It is decentralized:
The network of Bitcoin cash is decentralized. It does not require any typical banking system or other authorities to work. BCH users do not require a permission certificate to transfer or receive their payments from a second party. There is dealing only between the first party (the user) and the second party (person associated with the first party). No political attack works on the performance of BCH.
It is scalable:
BCH is highly scalable. The customer service team is always working behind the stage to bring more positive and beneficial modifications. Its scalability indicates that it has a great future.
High-efficiency rate:
Bitcoin cash has 32 MB size for one regular block that more incredible many times than ancestor Bitcoin. This vast size has increased the performance rate of BCH. BCH can do huge transactions in a single time that makes it more attractive to users to use this coin.
Low cost for the transaction:
BCH records significant transactions quickly and charges a meager cost compared to its block size and Bitcoin. It has increased its scalability and performance rate but decreases the time of validation and transaction fees. For example, if a user is making a transaction of 236 bytes, then BCH will cost only 0.001 dollars or 0.008 dollars as a transaction fee.
Easily acquire:
It is effortless to get Bitcoin cash’s currency. It is easily available to everyone interested in investment. Its easy availability and simple investment methods have increased the potential of investment in the market of cryptocurrency. It is also popularized by many crypto experts that makes it trustworthy for investment. Roger Ver is one of those experts of Bitcoin who admits the validity of Bitcoin cash.
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I would say your article goes right to the point when it comes to the capabilities of Bitcoin Cash, but BCH is more than just money, now it is becoming a programmable money too, and with tokens and smart contracts the usage and utility of BCH will increase as well and those users will bring their financial resources from other networks to BCH network. After all if Bitcoin and Ethereum transaction are too expensive and the users decided to move to BCH they will bring their money to our network as well as their ideas and projects. And that's the reason BCH has been attack in the past because they fear users leaving for a better network. And in my opinion there is no better network than the real Bitcoin itself and now that network is Bitcoin BCH in my opinion.