The creation of Bitcoincash and other altcoins started with a thought and later became a project.
Do you see Bitcoin as a replacement, or another version of Bitcoin?
Is Bitcoincash here to stay or just for a while?Checking Bitcoin during its launch and a few years later, low processing fees were listed among its white paper, but all of these are no longer working. Bitcoincash might just end up just like Bitcoin since Bitcoin started well but ended up becoming a digital gold for maximalists.
Meet the digital electronic cash that supports low processing fees: Bitcoincash.
Bitcoincash finally became a reality in early August after the launch of its test net and after its white paper was published. Bitcoincash might be the hard fork of Bitcoin, but it is also the hidden legend that Satoshi wrote about.
During the crypto market dip, Bitcoincash still stands on its feet and supports low processing fees, but in reality, the quantity used to transact is higher than that of when Bitcoincash was between $600- $700. The dip made the transaction quantity about 3, and the transaction fee is still equal to 0 and not up to 1 cent.
The listing of Bitcoincash on many exchange wallets (custodian wallets) spoiled the true potential and the opportunities listed in the white paper. The exchange wallets support a large number of fees for the transactions of Bitcoincash to non-custodian wallets. To transfer about $4 in binance requires about $0.30. Non-custodian wallets support low fees, and the white paper is most likely only applicable to non custodian wallets and not all exchange wallets.
Bitcoincash scaling blocks and supports fast transactions, and thanks to many exchange wallets, Bitcoincash has about three types of transaction types. The transaction depends on whether the users want to save their money or be patient users. Bitcoincash supports the fastest network, fast network, and economy network and only finds these features in a few non-custodian wallets.
The fastest network is less than 1 cent or equal to 1 cent.
The fastest network is about twice the fee of the fastest network.
The economy network is about 3 times the speed of the fast network.
Projects do not only support the growth of users but also help to maximize the users.
Many Bitcoincash projects claim to help in the growth of Bitcoincash and its network, but the value of many projects in the Bitcoincash ecosystem is not doing anything better for the Bitcoincash price. The price can't be determined by the number of projects or even the number of users, but it is natural.
Flipstater campaigns might be the savior of Bitcoincash, but they also have a dark side. Many claim to create projects to support the people in different communities and assist others, and even list a lot of shortcomings in their flipstater campaign, but end up doing none. Some even list or take pictures of uncompleted projects to gain the interest of many, but the project ends up becoming a scam because the person or those behind the project might just take the money for their own selfish gain.
The theory is that the more active users a coin has, the more bullish the coin becomes or the more it rises in price. This theory doesn't apply to BitcoinCash.
Many cryptocurrencies are expected to face halved block rewards by next year, and this may later end up in scarcity if the demand for the coin is stable. The halving of block rewards will continue for a few years until the pool is depleted and miners must concentrate on mining from transaction fees.When the transaction fee gets too high, the transaction rate would decrease and the miners would be left to mine a small amount by the end.
In summary,
Clarity and faithfulness are two of the factors that promote projects, but the fact that few people start their flipstater campaigns mainly because of the desire to acquire money and also to affect users and investors in Bitcoincash projects
The halving might also occur in Bitcoincash in the next few months, and the market might end up becoming bullish again. All cryptocurrencies might stand on their feet again and all investors would smile again.
Bitcoincash is durable and has low maintenance. You can just switch to any type of economical transaction network depending on how the users want to save and manage their assets. The fastest networks are those who are able to afford it, and if a yearly transaction fee is estimated depending on the network used by a user or by comparison, there would be a slight difference between the amount spent on different networks.
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