Bitcoin gains market shares every day, breaking down barriers raised in the past by many economists who have always considered it a bubble, a scam. Today almost all of those characters have radically changed their minds and some of them have even started buying it, claiming that BTC is an excellent financial instrument, digital gold reserve against the possible fluctuations of the dollar. Bitcoin is therefore considered more stable than FIAT. But here comes the great enigma, Bitcoin is a financial instrument to be guarded lest the current system collapse at any moment.
The blockchain was born for a different reason and its application in human life can bring about a radical change in their habits, improving all the aspects in which it will be applied: economy, environment, health, research and development. Bitcoin Cash was born for an initially structural reason: the Bitcoin blockchain until 2017 was slow and expensive, conditions that would have avoided mass adoption, which is why an important update of the chain was necessary, generating an HF, a doubling of the chain itself.
Bitcoin has continued its path in recent years in the name of a revolution that probably never had the ability to sustain with its infrastructure and therefore ended up becoming a financial asset, I would not be surprised if in the coming months it was also listed on Wall Street or similar. The financial revolution had a change of hands in 2017 and Bitcoin Cash is the new pioneer of a change in payment systems. The concept of blockchain was born from the need for a system that would allow you to send money anywhere in the world without obstacles of time, cost and infrastructure. The basic means already existed in 2009 and today have been radically enhanced.
Bitcoin Cash allows you to send any amount of money, at any time and quickly and cheaply. If today I had to make an international transfer of 100 euros and use the bank, it would take at least 5 days before the amount is transferred to the other account. If it were important issues, it would be a huge problem. Bitcoin Cash allows me to send any amount in a short time and with a decidedly negligible fees compared to bank transfer. The simplicity of the concept will be the key to its success.
To date, it is necessary to focus on the adoption of this micropayment system by creating applications that use BCH, perhaps even creating a Bitcoin Cash credit card for payments on any circuit, for the more traditionalists. Technology advances thanks to research and I am sure that Bitcoin Cash will find its place in the current financial system and people will discover how profitable and simple it is. Also, last but not least, the coins are safe on our wallet and the private keys are only in our possession while the bank holds our money and if it fails, what happens to our money?
