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Summary

Bitcoin Cash is presented as the evolution of Bitcoin, aiming to fulfill the original vision of peer-to-peer electronic cash with its scalability and user-focused features.

Abstract

The article discusses Bitcoin Cash as a significant upgrade to the original Bitcoin network, emphasizing its ability to handle fast, low-cost transactions and microtransactions. It criticizes the current state of Bitcoin, suggesting that it has deviated from its initial purpose due to the blocksize debate and its focus on being a store of value rather than a medium of exchange. Bitcoin Cash is portrayed as adhering to Satoshi Nakamoto's vision, with a strong community focus on global adoption and user experience. The article argues that true cryptocurrency success will come from user adoption rather than speculation or institutional investment, and it positions Bitcoin Cash as the cryptocurrency that works for everyday transactions.

Opinions

  • The author believes that Bitcoin Cash is the true continuation of Bitcoin's original vision as outlined in Satoshi Nakamoto's whitepaper.
  • The article suggests that the success of a cryptocurrency is determined by its actual use and adoption by users, not merely by market speculation.
  • It is asserted that Bitcoin Cash provides a better alternative to fiat currency and Bitcoin, due to its scalability and low transaction fees, which are essential for global adoption.
  • The author implies that the influx of new investors is leading to a realization that Bitcoin Cash offers more utility than Bitcoin, which is seen as having limitations due to its small block size and Replace-by-Fee (RBF) policy.
  • There is a criticism of trading platforms like Coinbase and Binance for holding the majority of cryptocurrency assets, which is seen as contrary to the decentralized ethos of cryptocurrencies.
  • The article posits that Bitcoin Cash's technology and infrastructure are poised to challenge traditional payment networks like Visa and Mastercard.
  • The author expresses confidence in the talent within the Bitcoin Cash community and its commitment to providing a user-friendly cryptocurrency experience.

A New Bitcoin Is Rising: Bitcoin Cash

Bitcoin Cash Is The Logical Upgrade Of Bitcoin And P2P Cash

Cover Photo by Mysticsartdesign on Pixabay

As competition between blockchain payment network intensifies, the users will decide and pick the winners, while investors follow. The market tries to predict and select the winners today, but we should bear in mind that nothing is constant, especially in the field of technology and finance.

Bitcoin was rallying in the adoption race between 2010–2015, but the outcome of a lengthy “blocksize debate” crippled Bitcoin’s chances of succeeding as a means of exchange.

The Bitcoin Cash brand was announced in 2017, as Bitcoin Cash upgraded the Bitcoin network aiming to reverse the stagnation process of Bitcoin and recreate the original vision of P2P Electronic Cash.

Bitcoin Cash stands as a currency for the world.

As cryptocurrencies are on the rise again, Bitcoin Cash is the “new” Bitcoin, the Bitcoin that follows the logic and direction its founder set with the whitepaper. A scalable network of payments, aiming to achieve global adoption as digital cash.

Users Will Define Success

Photo: by tunnelmotions on Pixabay

Bitcoin Cash today offers everything a modern cryptocurrency user is looking for.

  • Permissionless Fast transactions (practically instant)
  • Low Fees (virtually zero)
  • Microtransactions
  • Decentralization
  • User-oriented approach
  • Scalability

Speculation drives this market currently, and not actual adoption. This will change as adoption increases on two fronts: Merchant adoption and financial platforms.

From the one hundred million newcomers in crypto between 2020–2021, not even 1% use cryptocurrencies properly.

Coinbase, Binance, Robinhood, Revolut, e-Toro, and other trading platforms prevail in the preferences of the newcomers in crypto. Custodians held most of the billions that entered cryptocurrency and they lately collapse one after another.

Meanwhile, institutions, funds, and wealthy individuals also invested massively in crypto through regulated financial institutions and banks.

When examining crypto adoption, though, we discover Bitcoin Cash following a different trend. Users prevail since Bitcoin Cash focuses on P2P adoption of sound digital money instead of a superficial speculative asset.

Bitcoin and crypto education is missing on purpose. As new investors discover the BTC’s lack of utility, they immediately move to other cryptocurrencies.

It takes a long process of researching crypto in-depth to realize Bitcoin evolved into the advanced Bitcoin Cash network.

A New Bitcoin

Bitcoin Cash begins with the Bitcoin genesis block. BCH is the new Bitcoin, rising from the ashes of the failed BTC experiment of store of value.

Crypto will experience another wave of mass adoption, but this time it will not be the institutional investors, corporations, or governments.

These organizations will follow the actual adoption of cryptocurrency and that will be the users.

Bitcoin Cash is laying the foundations and infrastructure to achieve its purpose of global adoption.

Bitcoin Cash offers the best alternative to fiat. It is sound money, not controlled by anyone, with one distinctive difference from BTC.

Bitcoin Cash scales and is capable of achieving global adoption while BTC isn’t.

Bitcoin Cash is the Bitcoin that works.

There are use cases for cryptocurrencies besides mere speculation. Speculation is only temporary with an expiration date.

Bitcoin Cash has solved the scalability flaws in Bitcoin, following the suggestions of its founder and offers one of the best working digital currency options available.

In Conclusion

Photo: by PatoLenin on Pixabay

Bitcoin Cash fulfills the future Satoshi and the early Bitcoin adopters envisioned.

Bitcoin Cash is a modern version of Bitcoin, having removed previous restrictions (RBF, small blocks) and bravely looking into the future.

Bitcoin was created to challenge the centralized payment networks (Visa, Mastercard, Paypal). Bitcoin Cash is the Bitcoin that achieves this today.

What makes Bitcoin Cash different is the incredible talent of the bright people that comprise this community and strive to provide the best user experience.

Transactions with Bitcoin Cash are executed in milliseconds and cost a fraction of a penny. Developers produce, and perfect user-friendly platforms and interfaces, all for the end-user convenience.

Bitcoin Cash makes an impact with its rising userbase.

Also Read:

Platforms:

● read.cash ● noise.cash ● noise.app ● Medium ● Hive ● Steemit ●Vocal ● Minds ● Publish0x ● Twitter ● CashRain

Also visit my second Medium profile: Ex Cathedra and delve into the unknown!

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Originally published at https://read.cash.

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Cryptocurrency
Bitcoincash
Blockchain
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