Bitcoin Cash (BCH) is a rather controversial fork of Bitcoin (BTC) with a market cap of $17.2 Billion and currently ranked as the fourth largest coin by market cap. When it first came into existence, some believed that this could actually be a better version of Bitcoin (BTC). It did appear to be a lot faster and cheaper than Bitcoin (BTC) in the beginning and still is. However, once Bitcoin (BTC) solves all of these issues with the help of Lightning Network or similar future upgrades, what will be the fate of Bitcoin Cash (BCH)?
Bitcoin Cash is still popular among many investors as a ‘spendable’ version of Bitcoin. This means that it makes sense to order a $50 pizza with Bitcoin Cash but with Bitcoin you will end up paying a lot more in fees. So, it is not worth it to pay in Bitcoin (BTC) which is true. Currently, due to low volume and transactions, the fees are much lower for Bitcoin (BTC) but when the network was operating full throttle around $20,000, the fees were incredibly higher. This is because miners prefer to mine higher value transactions first which reduces demand for smaller value transaction blocks resulting in higher fees. Bitcoin Cash (BCH) is currently doing a good job at alleviating that problem but the question remains, “How long will Bitcoin Cash (BCH) have this edge?”
Read further: cryptodaily.co.uk/20...eally-have-a-future/
Bitcoin Cash is still popular among many investors as a ‘spendable’ version of Bitcoin. This means that it makes sense to order a $50 pizza with Bitcoin Cash but with Bitcoin you will end up paying a lot more in fees. So, it is not worth it to pay in Bitcoin (BTC) which is true. Currently, due to low volume and transactions, the fees are much lower for Bitcoin (BTC) but when the network was operating full throttle around $20,000, the fees were incredibly higher. This is because miners prefer to mine higher value transactions first which reduces demand for smaller value transaction blocks resulting in higher fees. Bitcoin Cash (BCH) is currently doing a good job at alleviating that problem but the question remains, “How long will Bitcoin Cash (BCH) have this edge?”
Read further: cryptodaily.co.uk/20...eally-have-a-future/