Since the emergence of the cryptocurrency market and the total domination of Bitcoin (BTC), which at the beginning in 2008 was advertised as a P2P electronic cash system, but over time experienced a complete turnaround in its modus operandi, there was a need to find a currency that truly works for everyday transactions.

Bitcoin (BTC) has already conquered the market with investors, individuals, business corporations, and an infinite range of people around the world, but it is still not a daily-to-use asset and its fees are high, not matching what comes in the whitepaper, becoming a purely speculative asset and not scalable to host many transactions in the block to give dynamism to the blockchain for daily usage and payments.

It was inevitable that the split from Bitcoin (BTC) to a more realistic and daily currency could be born, and here's where Bitcoin Cash emerges. As part of the Bitcoin crew always wanting to keep the currency accessible for everyone and respect the Bitcoin whitepaper 'commandments', in 2017 Bitcoin Cash gained its independence and autonomy to continue to follow the path its creator Satoshi Nakamoto had always pursued — an inclusive currency with affordable fees that can be used for everyday purposes without the prejudice of paying a lot for each transaction made on the blockchain.

And it's here where Bitcoin Cash is born!

Bitcoin Cash since 2017 has always maintained its status as one of the prominent currencies in the trading market, occupying a place as a top currency in the capitalization ranking, also serving merchants, selling billions of dollars worth in the currency all across the world.

Beginnings Of Bitcoin Cash currency (resumed)

Bitcoin Cash was born from the discussion of scalability, where one side refused to adhere and the other imposed resistance so that the currency had more transaction capacity and a larger block to support more movements and could be used daily without prejudice to the user in paying high fees and also to confirm fast on-chain.

Was during this period, that prominent figures were born in Bitcoin Cash, such as Roger Ver, who along with a significant part of supporters, got the cause its independence from Bitcoin Core on August 1, 2017. During this period, the block size in the Bitcoin Cash blockchain increased from 1 Megabyte [which is the block size of Bitcoin Core] to 8 MB and later to 32 Megabytes.

With the increased block size, Bitcoin Cash is able to transact faster at a low cost and serve for everyday use.

Uses Of the Bitcoin Cash

Bitcoin Cash, as the name implies 'cash,' can be used quickly, dynamically, and decentralized for everyday purposes. Currently, there are several merchants who accept the currency around the world and receive it in exchange for their products and services.

For them, it is beneficial and fast, keeping its market value even more reliable, as the value of Bitcoin Cash received by exchanging with their products could increase with time, and for the customer it is very convenient as he does not need to exchange Bitcoin Cash for fiat to be able to use it to purchase goods or pay for services.

Therefore, both parties have a great advantage using the currency!

These advantages are ensured by a currency that, by having a larger transaction storage block, can confirm and host transactions faster and still charge extremely low fees, making the currency work for daily peer-to-peer payments where merchants and users can transact directly without needing a third party involved.

Bitcoin Cash is also ready to be used in the DeFi ecosystem, where Smart Contracts can be issued on the new and innovative CASHTOKENs. Here users can also enjoy participating in decentralized finance and have guaranteed access to various projects without having to pay high fees, such as those found on the Ethereum network.

Bitcoin Cash can also be used to issue tokens and NFTs, issued in CASHTOKENs — the BCH DeFi Protocol — which are part of the Bitcoin Cash mainnet where the technology also allows the issuance of various products that can be used for various purposes.

In short, due to its nature, Bitcoin Cash can have countless uses, either in daily commerce or even in long investments, or it can be used in decentralized finance using CASHTOKENs, all offered with low rates, transparency, and Bitcoin Cash network security.

Summary,

Here we can ask: what does Bitcoin Cash have in store for us in the future?

Well, Bitcoin Cash has a very promising future, as not even a third of its capacity has been explored. But with the emergence of CASHTOKENs and the daily use of the currency as a medium of exchange in the market, it opens up good prospects for it.

The projects behind CASHTOKENs will give more visibility and usability to the main Bitcoin Cash network and make its adoption more effective.

In the commercial field, Bitcoin Cash can be used in several stores around the world, and payment providers in cryptocurrencies accept the currency in their transactions, cases of Bitpay, Gocrypto, Coinify, etc. In 2019, Roger Ver announced that he had $200 million to finance certain projects that were willing to build their businesses/applications using Bitcoin Cash as their primary currency. Unfortunately, I don't know how this fund ended, and with Roger facing issues that could take him to jail and facing up to 109 years, it's unclear what happened to this BCH fund.

Therefore, the future of Bitcoin Cash is very interesting, and with more and more people realizing that the currency works for daily peer-to-peer payments and can also be used in decentralized finance, its usability will be greater. And with time, more retailers will also come into action by increasing its diffusion in the world.

Bitcoin Cash is the currency that everyone wants to have to use in a world where transaction fees matter and are important in everyday use. The currency has the most favorable ones for the people.

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