Review on Bitcoin Cash by gregori cordova
BCH is making progress that its predecessor bitcoin has yet to make
BCH is synonymous with one of the most successful Hard Forks in recent years, which has managed to implement some improvements compared to its previous partner, Bitcoin, which at the end of 2017 were the same cryptocurrency. This separation occurred, because they could not reach an agreement in the community, due to many irregularities and slowness in scalability that could easily be updated. Despite this hard fork, the new BCH cryptocurrency has certain similarities with its predecessor, but other considerable improvements, such as much faster transactions, without the need for many confirmations, something that in Bitcoin lasts too long, and also the costs of transactions is another advance that they have made, since they are much cheaper compared to the popular high commissions that occur when sending and receiving bitcoins.
Behind the project there are a series of experts in the area and a community committed to offering increasingly user-friendly services, that is why there are constant updates and according to their website, they want to convert the cryptocurrency into real money in a future not so far away.
Pros
- They offer some new improvements compared to bitcoin.
- They offer low transaction costs, even 39% cheaper than bitcoin.
- Transactions and scalability is faster with this crypto.
- Its supported for many of the mains exchanges and wallets in the market
Cons
- Transactions, don’t need a lot of confirmations, but it could be risky, because it could be manipulated
- Rewards for miners is not so tentative compared to bitcoin, in fact they are really low.
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Comments (1)
August 13, 2020
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Do you really believe that ??? You know BCH in general is far behind compared to other cryptocurrencies ... if I'm honest it's one of my favorites but I think it needs more development, it seems to be very stagnant and dependent on its community.
