In a constantly changing world, cryptocurrencies have caught everyone's attention, and Bitcoin Cash (BCH) is one of the most discussed. Since his debut, BCH has presented as an alternative to Bitcoin, with the purpose of addressing the problems of use and performance. In this article, we will analyze in detail what is BCH, how it has evolved and what the future can reserve.
1. What is BCH?
Bitcoin Cash is a cryptocurrency that was created in 2017 to improve the limitations of the original bitcoin. The scalability was a major problem, because the number of users trading with Bitcoin has increased constantly.
For example, in 2017, the Bitcoin network could manage about 3 to 7 transactions per second , and the transaction costs increased, reaching a maximum of $ 60 per transaction. By introducing larger blocks, up to 32 MB , BCH allows the processing of up to 116 transactions per second , which significantly improves speed and reduces trading costs.
Thus, BCH is a viable solution for traders who want a quick and cheap cryptocurrency for daily payments.
2 Where can I buy BCH in Romania Instant?
If you are looking for a place to buy BCH quickly in Romania, the Abarai is an excellent option. Here you can buy or sell BCH instant, using different payment methods, such as bank cards (credit/debit) or transfers.
swap function , which allows you to quickly change other cryptocurrencies in BCH or vice versa. This is a convenient method to manage your cryptocurrency portfolio without complications.
3. When did BCH appear and who is the creator BCH?
BCH was launched on August 1, 2017 , as a result of a Bitcoin network fork. This Fork was led by a group of developers who wanted to solve the scalability problems of Bitcoin. Although BCH retains many original Bitcoin features, its changes are specific to use as a payment instrument. Its creators include known names in the cryptocurrency community, such as Roger Ver and Jihan Wu .
About Roger Ver there are numerous appearances in the public space, also nicknamed "Bitcoin Jessus" he is accused by the US Department of Justice (United States Department) of having a tax evasion of almost 50m of USD. The accusations that are brought can be found on the official website of the American department or with a simple click here .
Jihan Wu is a Chinese entrepreneur and investor known for his significant contributions in the cryptocurrency and blockchain industry. He is also a co-founder of Bitmain Technologies , one of the largest hardware manufacturers to mining cryptocurrencies in the world.
4. The price of BCH in recent years
The BCH price was extremely volatile. After launch, he reached a challenging maximum of $ 4,000 in December 2017. Then, in 2018, he suffered a drastic decrease, lowering below $ 100 at times.
Starting with 2023 , the price has stabilized between $ 200 and $ 800 . This volatility attracts both experienced investors and new enthusiasts. For example, in July 2023, the price BCH increased by 20% in just two weeks, stimulates discussions about its growth potential.
5. Perspectives bch
The future BCH is closely linked to its large -scale adoption and the innovations in the Blockchain technology. Competition with other cryptocurrencies, such as Litecoin and Ethereum , and how it manages to develop are essential factors. For example, partnership strategies with traders could lead to greater use of BCH in daily payments. The developers also continue to work on technical improvements, which could bring a competitive advantage.
6. What Wallet to use for BCH?
Each user must choose a Wallet that fits his needs. Some popular options include:
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Electron Cash: A Wallet easy to use, perfect for new users.
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Bitcoin.com Wallet: allows to store more cryptocurrencies, being extremely versatile.
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Ledger Nano S: A hardware wallet that offers a high level of security.
Choosing an appropriate Wallet will protect your funds and ensure a better use experience.
However, we recommend that you go through the information on the official Bitcoin Cash website for a thorough information of this topic. The information on the Wallet can be found here .
7. Key aspects to be remembered
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Scalability: BCH improves speed and transaction costs, making it a viable alternative.
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Flexibility in payment: Abarai makes the purchase and exchange of bch accessible and fast.
The future bch
Bitcoin Cash is more than just an alternative. It is a cryptocurrency that solves concrete problems, providing effective solutions for users around the world. Whether you are an investor or a mere enthusiast, the potentcial bch cannot be ignored. Make sure you remain informed and carefully analyze your options before investing. Very important! Do not invest more than you can lose, make a serious research and do not let you influenced by influencers or "people of the crypto industry" who promise huge profits!
