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Jalilabad
3 Level
64 Review
45 Karma

Review on Bitcoin Cash by Huseyn Akberov

Revainrating 4 out of 5

My thoughts and some facts about Bitcoin Cash

img 1 attached to Bitcoin Cash review by Huseyn Akberov

Bitcoin Cash is known as digital money among users in an internet environment. Bitcoin Cash, which is sold without a central bank, does not need intermediary organizations either.

Bitcoin Cash is seen as a continuation of the virtual money system between users in Bitcoin. Bitcoin has the opportunity to develop and grow block

chain technology used in Bitcoin, which entered the digital currency market on August 1, 2017. Since entering the market, Bitcoin owners have also acquired Bitcoin Cash. But all transactions between Bitcoin and Bitcoin Cash are separate.

Why Bitcoin Cash was created

The Bitcoin code applies a limit of 1 MB per block, as well as a limit of 3 operations per second. Technically, it is very simple to increase this limit, but it has failed to create a common ground on the brink of years of negotiation. In 2017, the restrictions slammed into an invisible wall. There was an increase in operating payments, so reliability for Bitcoin was shattered. Many users were forced to wait several days to continue their operations. Bitcoin entered a period of stagnation. Many investors have closed operations with Bitcoin, and their share of the cryptocurrency market has fallen from 95% to 40%. Bitcoin Cash was designed to save it from these difficult times, make Bitcoin as popular as it used to be and lift these trade restrictions. With Bitcoin Cash entering the market, the two virtual currencies contributed to a rapid growth.

How much does Bitcoin Cash cost?

On August 1, 2017, the market was reduced to $1733. Shortly thereafter, it rose to $465. Following this rapid increase, investors began selling bitcoin Cash on hand as they made gains, resulting in the price losing as much as $300 in value.

Bitcoin Cash operates for $1856 on 17.01.2018. The daily operating volume is about $1 billion and has a market value of more than $43 billion.How to Buy Cryptocurrency Bitcoin Cash Coin?

To buy cryptocurrency Bitcoin Cash, you must first subscribe to a scarm sites. There are sites that provide cryptocurrency exchange, both based in our country and centered abroad. You need to sign up for these sites. Photos of your credentials may be requested by the site when you sign up. After you have done all these transactions, you must open your membership and deposit first. For this, you can use one of the remitted or EFT options.

If you have another cryptocurrency wallet, it is possible to send directly from here. After submitting, we click on bitcoin cash cryptocurrency. There is the al button just below. We come here and choose the market. We add how much Bitcoin cash we need to get from the market. After adding it, we wait a while by clicking the get button directly. When it comes to success, it means the purchase is complete.



img 2 attached to Bitcoin Cash review by Huseyn Akberov
img 3 attached to Bitcoin Cash review by Huseyn Akberov



Pros
  • it is popular
Cons
  • its name is not unique, this is a branding fault in my opinion
  • slow website

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