read.cash Log in
@tianapickett more from that month

My Preferred Bitcoin Cash

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.

3 comments

Log in to join in Reading is open to everyone. Replying needs an account.