Bitcoin Cash

What is Bitcoin Cash (BCH)?

Bitcoin Cash, as its name probably suggests, has a direct link to traditional Bitcoin in the form of being a direct response to the lack of speed associated with Bitcoin transactions. Bitcoin Cash has been developed entirely for the purpose of increasing the speed of Bitcoin transactions, and it was even developed by Bitcoin miners themselves. This makes it an especially unique cryptocurrency in the sense that it is essentially a ‘spin-off’ version of a more established cryptocurrency. There are definitely some great and unique features of Bitcoin Cash that warrant it as a potentially good investment opportunity.

bitcoin-cash
Bitcoin Cash
$632.63-0.09% 24H
bitcoin-cash
Bitcoin Cash
£459.83-0.09% 24H
bitcoin-cash
Bitcoin Cash
€543.31-0.09% 24H
bitcoin-cash
Bitcoin Cash
₹47,443.36-0.09% 24H
  • bitcoin-cash
  • Bitcoin Cash
    (BCH)
  • Price
    $632.63
  • Market Cap
    $11.96 B

What is Unique About Bitcoin Cash (BCH)?

Faster Transaction Time

Bitcoin Cash has been designed for the precise purpose of increasing the transaction speed of cryptocurrency transactions, so it has the great advantage of being a very quickly processed currency that has reduced transaction times when compared with Bitcoin. It is not the fastest cryptocurrency though, although it is still much faster than most other cryptocurrencies. The superior speed of transaction makes it a much more desirable alternative to many other cryptocurrencies with slower transaction times.

Superior Scalability

One of the biggest issues associated with Bitcoin has been its scalability problem. Bitcoin Cash has been designed to also specifically tackle this particular issue by having a much higher maximum block size. Bitcoin cash has a block size of up to 32 MB while regular Bitcoin has a block size of only 1 MB. The benefit of higher block sizes, i.e. superior scalability, is that it further contributes to superior speed and efficiency with respect to transactions.

Thus, it can be seen that Bitcoin Cash is essentially just a much faster version of Bitcoin with all other features and aspects between the two cryptocurrencies being the same apart from the fact that Bitcoin is much faster and has better scalability.

Why Should I Invest in Bitcoin Cash (BCH)?

Bitcoin Cash is not nearly as well-known as regular Bitcoin, but it remains a great investment for a number of reasons. Despite technically being its own currency, Bitcoin cash is closely linked to Bitcoin itself which gives it very strong branding that furthers its appeal to consumers, making it more marketable.

Additionally, the superior speed and scalability of Bitcoin Cash are the two primary reasons why this cryptocurrency has been gaining popularity in recent times. Both superior transaction speed and better scalability are much-demanded features that have real-world benefits which attract consumers and merchants towards them, and it is quite likely that Bitcoin Cash will continue to remain one of the most popular cryptocurrencies in the world in the near future.

Due to its strategic branding, superior transaction speed, and scalability, Bitcoin Cash is one of the best performing cryptocurrencies in the world, and it is likely to experience very strong growth in the future. So, it can be a great investment since its expected that its value will only continue to rise in the future, as long as the cryptocurrency market itself remains stable that is.

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