Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forks => Bitcoin Forum => Bitcoin Cash Forum => Topic started by: Niko on September 21, 2018, 06:03:24 PM
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Bitcoin Cash
Simply put, Bitcoin can not - in its current state - handle a high throughput of transactions as well as its main rivals. In particular, it now comes nowhere near topping the speeds offered by Bitcoin Cash, which at maximum beats its closest rival - Dash - by approximately 168 transactions per second. On top of this, Bitcoin Cash also has the lowest transaction fees, meaning that it's the most usable cryptocurrency from a standpoint that focuses mostly on cost and speed. It's large for this reason that the coin has won many converters in the crypto community since forking from Bitcoin on Aug. 1, 2017.
"Bitcoin Cash is what I started working on in 2010," said one-time lead Bitcoin developer Gavin Andresen in a November tweet, "a store of value and means of exchange."
Devan Calabrez agrees that Bitcoin Cash has reason to be recommend as an alternative to Bitcoin and other treaties, particularly with respect to the purchase of cheaper products. "BCH seems to be evolving as a compliment to Bitcoin," he explains. Merchants appreciate the faster transaction times and low fees, which are also appealing to shoppers. This is particularly true for merchants that sell lower ticket items, where even small fees can increase the bottom line by a significant fraction. So, for all intents and purposes, two of the three weaknesses can be considered under under the current conditions. However, volatility is still a big concern, which is why most merchants immediately convert to another currency rather than hold BCH. "
Dash
And while Bitcoin Cash may seem like the best practical option to some, one of its closest rivals in terms of cost-effectiveness - Dash - informed Cointelegraph that it's gaining considerationable transaction among retailers
. "The Dash network is specifically designed for the payments use case," said Dash Core CEO Ryan Taylor. "It offers instant payments, which makes it viable at the point of sale. In addition, fees are very low, with a median transaction fee of about one-tenth of a cent. This combination makes Dash feasible for everyday consumer purchases. We also focus a lot of effort on making the network useful by funding business integrations, and today Dash is among the most accepted digital treaties. Merchant adoption is growing quickly. The number of listings on discoverdash.com - a website for merchants to register - has experienced 250 percent growth over the last six months, and Dash is now accepted at over 2,200 merchants globally. "
Taylor is realistic about Dash's - and crypto's - prospects of becoming a ubiquitous payment method, believing that this process will take "many years." Nonetheless, circumstances in certain economically pressured states reveal that the speed and ease offered by such courses as Dash make them ideal as new payment vectors.
“I think we can become ubiquitous within specific countries or regions, or within certain industries as a first step. That could happen very quickly, and we’re already seeing that happen in certain locations. Venezuela, which is currently experiencing hyperinflation, has over 800 merchants [reportedly more than all other cryptos combined], making it the highest density of Dash acceptance in the world. I would expect pockets like that to develop as a base from which we can continue to expand.”
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Now a new application dedicated to the Bitcoin Cash (BCH) network has launched called the Bitcoin Files Protocol (BFP). The open source BFP program was developed by the Simple Ledger Protocol (SLP) programmers James Cramer, Ryan X. Charles, Mark B. Lundeberg, Calin Culianu, Jonald Fyookball, and the BCH developer Unwriter. In a post written on the social media platform Yours.org, BCH developer James Cramer explains why he believes uploading files to BCH blockchain provides a great use case.
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Bitcoin Cash is a cryptocurrency. In mid-2017, a group of developers wanting to increase bitcoin's block size limit prepared a code change. The change, called a hard fork, took effect on 1 August 2017. As a result, the bitcoin ledger called the blockchain and the cryptocurrency split in two.
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I think that for growth potential you would stand a better chance with Ethereum than with Bitcoin Cash but in the interests of diversification and hedging risk I would always go for more than one coin so if you like both I would suggest buying both.
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This past Sunday BCH proponent and developer, Jonathan Silverblood, revealed a project he’s been working on called Cash-ID. The Cash-ID concept is an open protocol for online identification purposes that provides users with the ability to sign in to web pages using their bitcoin cash keys for login credentials.
https://news.bitcoin.com/meet-cash-id-the-open-protocol-that-uses-bitcoin-cash-keys-for-identity/
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Bitcoin Cash is a cryptocurrency.[4] In mid-2017, a group of developers wanting to increase bitcoin's block size limit prepared a code change. The change, called a hard fork, took effect on 1 August 2017. As a result, the bitcoin ledger called the blockchain and the cryptocurrency split in two. At the time of the fork anyone owning bitcoin was also in possession of the same number of Bitcoin Cash units.
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Earlier this week news.Bitcoin.com received an email from an e-commerce shop owner who was having lots of issues dealing with traditional payment providers. Many of the problems stemmed from him not having a formal address and having bank accounts in different countries. However, the owner of store Bohemianbeachstyle.com quickly found out about Coinbase Commerce and how easy it is to accept the frictionless digital asset bitcoin cash and other cryptocurrencies. https://news.bitcoin.com/frictionless-commerce-a-story-of-how-easy-it-is-to-start-accepting-bitcoin-cash/ that's awesome addoption for bitcoin cash to be used as payment system in real life.
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Crypto exchange Coinex will pay out long-term dividends, interest, in bitcoin cash (BCH) for coinex token (CET) holders, according to its website announcement. “If your CET holdings are on Coinex, we’ll calculate the dividends into BCH and allocate directly to your accounts,” the company explained. https://news.bitcoin.com/china-based-crypto-exchange-coinex-pays-interest-in-bch/
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I also think the same thing is where the government makes bitcoin money but in my opinion it is too risky for many crimes that arise due to economic pressure. I think bitcoin is enough to become a digital asset
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On Sept. 13, a new application called the Money Button launched, giving content creators the ability to embed bitcoin cash (BCH) payment buttons into websites. Not long after the release, a developer named Ekliptor published Cashtippr, a plugin that integrates the Money Button into WordPress-themed websites, so content creators can earn BCH tips. https://news.bitcoin.com/cashtippr-plugin-allows-money-button-integration-with-wordpress-sites/
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Bitcoin cash is really a good token to invest that is the reason why i am keeping this kind of token in my wallet so i can earn big profit once it is listed in good exchange market.
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Bitcoin Cash is a cryptocurrency. In mid-2017, a group of developers wanting to increase bitcoin's block size limit prepared a code change. The change, called a hard fork, took effect on 1 August 2017. As a result, the bitcoin ledger called the blockchain and the cryptocurrency split in two.
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Bitcoin Cash trades on digital currency exchanges including Bitstamp, Coinbase, Gemini, Kraken, and ShapeShift using the Bitcoin Cash name and the BCH ticker symbol for the cryptocurrency. A few other exchanges use the BCC ticker symbol, though BCC is commonly used for Bitconnect. On 26 March 2018, OKEx removed all Bitcoin Cash trading pairs except for BCH/BTC, BCH/ETH and BCH/USDT due to "inadequate liquidity". As of May 2018, daily transaction numbers for Bitcoin Cash are about one-tenth of those of bitcoin.
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currently in coinmarketcup bitcoin cash ranks third after etherium, bitcoin cash is the second blockhain version of bitcoin, so it's very good to be made an investment
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The Deep Link Payment Protocol
Yenom developers Shun Usami, Taiki Uchida and Aoi Serikawa have proposed a new wallet scheme for the global Bitcoin Cash network. The proposal called the Deep Link Payment Protocol (DLPP) is a deep link scheme system tethered to a wallet application with a callback URL. The concept is similar to the BIP21 (URI scheme), a URI formula that allows users to pay for products by simply clicking a link. In essence, the deep link scheme proposed by the Yenom programmers offers a communications equivalent between the wallet and other applications. I don't know it is good or bad for bitcoin cash BCH let's discuss about it on here. Thank you very much
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Since its inception up to July 2017, bitcoin users had maintained a common set of rules for the cryptocurrency. Eventually, a group of bitcoin activists,investors, entrepreneurs, developers and largely China based miners were unhappy with bitcoin's proposed SegWit improvement plans meant to increase capacity and pushed forward alternative plans for a split which created Bitcoin Cash. The proposed split included a plan to increase the number of transactions its ledger can process by increasing the block size limit to eight megabytes.
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Some believe. that this Bicoin cash will help solve the scaling problem in General. and others say that the hard fork creates unnecessary confusion and damages the reputation of bitcoin because of the division of the community.