Join 76,553 users and earn money for participation
read.cash is a platform where you could earn money (total earned by users so far: $ 547,399.10).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
Hello, As of yesterday, I signed up for this system. Since I am a bit of a crypto enthusiast, I will try to share with you the reasons why I generally prefer bitcoin cash in this article. Personally, I try to ensure that my content educates the reader - according to their abilities - for the words and concepts of this amazing world of cryptocurrencies. In this context, I invite you to read my article.
Why have various investors preferred BCH to Bitcoin (BTC) lately?
Let's start with the basics:
Transaction fees. High bitcoin transaction fees do not represent an option to reduce transaction costs for online payments, which negatively impacts a large portion of the market.
On the other hand - and this is important if we take into account the large audience of BTC users - in terms of the common user dealing with small amounts of satoshi - I'm talking about Juan del Pueblo looking for extra money via taps. or low resources, etc. due to low deposits - many of these small amounts are not available (i.e. they are not mobile because transaction fees are higher than what you want to transfer). I think this leaves a negative impression on Bitcoin.
To the above, let's add the backlog of bitcoin transactions currently on the blockchain network. There is a rule that does not fail in this sense; The higher the backlog, the higher the estimated fee to confirm your transaction and skip the queue. Results: Incoming transactions are delayed for hours or even days to be confirmed in a block. For this reason, sometimes days pass before we see satoshi credited to our wallets (unless, for example, we pay high fees for deposits in less than 4 hours).
In this regard, it is clear that BCH works with better benefits. They can send and receive fast and best of all for low fees (about $0.019). BCH works ideally for microtransactions as opposed to BTC, whose current average transaction fee is around $24. As I mentioned earlier, it's important to note that these rates are constantly changing depending on how busy the network is.
Results: Speed, reliability, low fees, simplicity, stability and security make BCH stand out. It is only a matter of time before this cryptoactive is fully consolidated as an alternative project to other altcoins we know. In fact, some people are wondering if Bitcoin Cash can dethrone Bitcoin. I don't know how far Bitcoin Cash can go in your expectations, but I can assure you; If BCH is an optimized version of the leading Bitcoin, they can compete to replace it, no matter how complex your goals may seem.
I hope my article was useful and informative for you. Hope to meet you in my next post.