Hello again guys, I made this post for everyone out there who are just like me who want to better understand Bitcoin Cash and why they are offering Bigger Blocksize solutions instead of just using the upcoming Segwit and Lightning Network (Sidechain solutions).
Here are some links that have helped me get a better understanding of Bitcoin Cash I hope these help you guys too:
A compelling article about Bigger Blocksizes from a business-owner using bitcoin:
https://keepingstock.net/an-open-letter-to-bitcoin-miners-c260467e1f0
A video by Roger Ver, one of the biggest pioneer investors in Bitcoin:
The Bitcoin Cash website showing their proposals, solutions and the exchanges supporting them.
https://www.bitcoincash.org/
Charts about Bitcoin Cash blocks and mining profitability vs legacy chain mining
https://cash.coin.dance/blocks
Personally, I believe Bitcoin Cash has a real possibilty of overtaking the Bitcoin legacy chain for many technical reasons.
But I feel these are the most important reasons to watch out for:
- CHEAPER transaction fees and FASTER confirmation times due to bigger Blocksize limits.
- Majority of Bitcoin users already have Bitcoin Cash (unless they already sold them) and are ready to use it when adoption increases driving volume and price.
- Bitcoin mining hardware can switch to Bitcoin-cash at any time slowing down the Bitcoin legacy chain creating a feedback mechanism for even more users to switch to Bitcoin-cash.
This has been my personal opinion. I could be right or I could be wrong. Only time will tell.
I hope this post helped you out guys!