Review on Bitcoin Cash by Robiul Islam
The best money in the world..
Bitcoin Cash is a project with rather big ambitions, ultimate goal of which is to push the original Bitcoin from the first place. It’s apparent that Bitcoin Cash has still not gained full acceptance by large parts of the cryptocurrency community. It still sits firmly in second place to its older brother in terms of both price and usage.
BCH comparison with Bitcoin: The major popularizer of the new coin is Roger Ver. He is completely famous person in crypto world. He was one of the first cryptocurrency investors. Due to grown attention to this industry, he became acquainted as Bitcoin Jesus. But later, Ver decided to actively promote the hard fork (a branch) of the first cryptocurrency the Bitcoin Cash.
Bitcoin Cash has the benefit of being the first major split that has garnered confession. Most forks after it didn’t receive nearly enough attention from the community or the media.
With beneath rivalry inside its founding team and accelerated Bitcoin development for scalability solutions, I’m not sure if there’s an actual use case for BCH other than price speculation.
Updated 5 years ago
Rating has not been changed
The release of bchd 0.14.3 brings with it a long awaited feature, a public API, which makes bchd one of the top indexing blockchain servers in the Bitcoin Cash ecosystem.
Best cryptocurrency great community, steadily increasing adoption, great real use case as money for the world.
If you really think BCH will recover its past value against BTC! You fully deserve what happens next.
Pros
- You will be able to exchange funds from virtually anybody in the world. You do not need to transfer the money through a bank account or another merchant. This means that you do not have to spend any amount on fees.
- It is focused on becoming the best form of digital cash possible.
- Transaction times are faster than Bitcoin.
- Transaction fees are cheaper than Bitcoin.
- You can transfer BCH without having to provide personal information which can make it safer compared to other payment methods. This means that you do not have to worry about your identity getting stolen.
- Bitcoin Cash is focusing on merchant adoption.
Cons
- It is highly centralised. This poses a danger that key actors will not operate in the best interests of the BCH community.
- The price may fluctuate wildly. The price may be on its all-time high today but tomorrow is going to be a different story. You need to time exactly when you are going to sell to be sure about what you are going to get.
