Bitcoin cash managed to get a lot of support over the last year. It is now extremely wanted which led to an increase in Bitcoin Cash demand. This trend is headed for a great adoption of BCH and this year is expected to be the beginning of a successful story.
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Here are some of the reasons why that is.
1. Support
This cryptocurrency received a lot of support from various exchanges and wallet providers. The surprising thing is that the support it got was in such a short period of time and more importantly by who it got it. Popular exchanges such as Coinbase, Kraken, and Bittrex showed the greatest support. As far as wallet providers are concerned, we can also see some famous names such as Jaxx, Trezor, and Exodus. BCH acceptance is very comparable to any other successful cryptocurrency. Many merchants now accept bitcoin cash and some of the most popular is Microsoft. It is expected that bitcoin cash will do more than BTC in infrastructure.
2. Transaction Fees
Bitcoin cash fees are much cheaper than most, and they will probably stay this way. It only costs $0.20 cents per transaction. BCH fees remain the same as the block size upgraded to 32 MB, increasing the space for more cheap transactions.
3. As closest so Satoshi’s original
BCH developers are trying to get as close as they can to the Satoshi’s original whitepaper. This means that peer-to-peer system will remain as intended. Fees will remain low so literally, everyone in the world can afford to use the network.
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