Review on Bitcoin Cash by Fabrizio Zampieri
Bitcoin Cash was launched in August 2017 from a Bitcoin's fork, and has since…
Bitcoin Cash was launched in August 2017 from a Bitcoin's fork, and has since become one of the product of the most after Bitcoin.
Bitcoin Cash differs from Bitcoin Classic in that it increases the block size from 1 MB to 8 MB. It also removes Segregated Witness (SegWit), a proposed code adjustment designed to free up block space by removing certain parts of the transaction.
For many people, Bitcoin Cash is the answer to all the problems of the original Bitcoin, continuing day after day to gain new followers.
Bitcoin Cash is a totally independent cryptocurrency, so its price does not derive from that of the original Bitcoin.
Pros
- - Block size increased from just 1 MB to as much as 8 MB (main difference compared to traditional Bitcoin). - High transactions number (the aim is that one day Bitcoin Cash can compete with the volume of trade of industry giants such as PayPal and Visa. - BCH was quickly adopted by investors, and after just 1 year Bitcoin Cash became the fourth cryptocurrency by market capitalization, behind Bitcoin, Ethereum and Ripple. - a Bitcoin Cash transaction is 99.56% cheaper than an equivalent transaction carried out on the original Bitcoin network. - Some months ago Roger Ver, Bitcoin.com's Ceo and one of the five founders of Bictoin Foundation, Bitcoin Cash's supporter, in a recent interview with Cointelegraph, described Bitcoin Cash as the "true Bitcoin", stating that in the near future the cryptocurrency will have a market capitalization, a volume of exchange and a larger user basin compared to the older brother. - Bitcoin Cash although still very young, has already proved to be an extremely strong cryptocurrency.
Cons
- - As for Bitcoin Cash fork, many critics are afraid that the computational power required to generate larger blocks will eliminate small miners from the grid, concentrating decision-making power in the hands of huge companies, the only ones who can afford cutting-edge equipment. - Because Bitcoin Cash is a relatively new cryptocurrency, it is not yet supported by every single exchange platform. However it is supported by the most important exchanges (Coinbase, Bittrex, Kraken, Cex.io, Poloniex, etc..) and also some instant change exchanges (Changelly, ShapeShift, LocalBitcoinCash).
