BitcoinCash (BCH) --- #27 --- [$109.83]
{crypto rank & price from CoinMarketCap on 6/9/23}
Bitcoin Cash (BCH) is a peer-to-peer electronic cash system, that aims to become sound global money with fast payments, micro fees, privacy & larger block size. As a permissionless, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties.
Bitcoin Cash was created as an alternative to Bitcoin (BTC), (the 1st & most valuable cryptocurrency). In 2017, BCH developers modified the BTC code, releasing their software version & a full-fledged competitive product, which split Bitcoin into two blockchains: Bitcoin (BTC) & Bitcoin Cash (BCH). Bitcoin Cash is a result of a hard fork in the blockchain due to differences in the community over Bitcoin scaling & the SegWit upgrade. Moreover, another hard fork, which divided Bitcoin Cash into two parts, Bitcoin ABC & Bitcoin SV, took place in the fall of 2018. [The scaling debate involved two sides: small block supporters opposed increasing block size as it could lead to blockchain centralization & vulnerability by making it harder to host full nodes. Large block supporters, however, advocated for a faster solution, concerned that rising transaction fees could hinder growth].
How BCH Differs from BTC:
Bitcoin Cash was considered by some supporters to be the legitimate continuation of Satoshi Nakamoto’s vision of Bitcoin as a peer-to-peer electronic cash. All Bitcoin holders at the time of the fork (block 478,558) automatically became owners of Bitcoin Cash.
From a technical perspective, Bitcoin Cash is similar to the Bitcoin algorithm. Namely: both projects have a hard cap of 21 million coins & also use Proof-of-Work (PoW) consensus framework & nodes to verify transactions.
Unlike Bitcoin (BTC), Bitcoin Cash (BCH) aims to scale to meet the demands of a global payment system. At the time of the split, the Bitcoin Cash block size was increased from 1MB to 8MB. An increased block size means Bitcoin Cash can now handle significantly more transactions per second (TPS) while keeping fees extremely low, solving the issues of payment delays & high fees experienced by some users on the Bitcoin BTC network.
As of 2023, Bitcoin Cash has a block size of 32MB, compared to Bitcoin’s block size of 1MB.
Crypto Micro-Earning Sites to Earn BitcoinCash (BCH) Crypto:
1) Dutchy:
https://autofaucet.dutchycorp.space/?r=CarCar1001
SITE DESCRIPTION: This site offers the most crypto options by far to claim from, more than any other site I've found! There are over 60 different kinds of crypto to claim, (and Dutchy occasionally adds new tokens so make sure to check from time to time). Claim by either running AutoFaucet or by trading/swapping the Dutchy Tokens u earned by completing offers or won in 1 of the handful of daily/weekly/monthly contests & giveaways!
This site also doubles as a Micro-Wallet & Exchange, where you can purchase crypto or trade small amts. of coins, (this is how I found this site the most useful, as I describe how a few paragraphs below).
WAYS TO EARN: You earn by rolling the faucet every 30min., viewing PTC ads, taking surveys, completing shortlinks, or completing other offers available to earn. There are also multiple contests & giveaways to get coins for free such as, random coin rains every hr., daily/weekly/monthly contests for things, & occasionally other random/promotional opportunities to earn!
I've found that the quickest way to earn from this site is by completing surveys & taking advantage of any promotional claiming boosts offered for the week. Claiming from the coin of the month faucet every 30min. is also a good way to stock up on a coin quickly.
2) FaucetPay:
https://faucetpay.io/?r=203536
SITE DESCRIPTION: FaucetPay is a Microwallet site that gives u the opportunity to earn small amounts of various crypto tokens by completing simple tasks offered on their website (such as viewing 7 - 60sec. ads, taking surveys), or u can earn crypto by visiting the list of faucet sites that payout to FaucetPay for the coins they support. Along with being a Microwallet, they also offer the an Exchange service called "Coin Swap", that allows you to trade between the crypto tokens supported on site. They also offer the service of "Leverage Trading", & "FEY Staking".
WAYS TO EARN: View PTC ads, taking surveys, completing other tasks on offer wall, & visiting the faucet list of each coin supported on the site to claim crypto coins from faucet sites.
3) AllCoins:
https://allcoins.pw/?ref=351380
SITE DESCRIPTION & HOW to EARN: This site pays out well & offers a few heigh quality crypto projects to choose from that aren't offered on many other claim sites. You can claim from faucet every 6mins. & also can complete offers/surveys, mine coins, and gamble to earn even more coins.
4) CoinFaucet:
https://coinfaucet.net/?ref=4d546b354e446332
Site Description & How to Earn:
This micro-earning faucet offers 40 different cryptocurrencies to claim from, (witch is a significant amount compared to most crypto faucets). You can claim crypto from this faucet once every hr.
You can also earn BTC from this micro-earning site by surfing 60sec. ads, or by searching ads through their site.
This site also offers the option to exchange between the 40 different cryptocurrencies offered.
I found these sites to be an interesting resource tool for beginners interested in learning about crypto/Altcoin projects, & using Blockchain addresses/crypto wallets, & understand the volatile crypto market. I used these sites to gain hands-on experience managing crypto & to help me learn what investment strategies I prefer & earn me the most with my investment style.
Another useful tool I found is CoinMarketCap. You can use this site to create a portfolio of all your crypto assets & track you profits/losses n trades.
CoinMarketCap:
https://coinmarketcap.com/invite?ref=SIGYL2BX
{I hope you guys will find these sites just as helpful as I, to offer you a useful resource tool to help further ur self-education regarding the new & quickly growing Cryptocurrency technology!}
