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Reasons to Buy Bitcoin Cash (BCH)

• It has a fixed supply of 21 million coins.
• Bitcoin Cash is a P2P cryptocurrency with faster payments and low transaction fees.
• It has a maximum block size of 32MB.
• It can record up to 15000 transactions per block
• Bitcoin Cash has the capability to record up to 200 transactions per second.

Bitcoin Cash is the result of a fork in Bitcoin that happened in August 2017, which is why there are a lot of technical similarities between the two.

It was created to serve as a medium between digital cash and as an investment piece. Bitcoin Cash can accommodate larger blocks enabling it with a higher number of transactions. Compared to Bitcoin, Bitcoin Cash registered almost 15 times more transactions in a single block. The mining procedures were identical for a long time but were revised for Bitcoin Cash to make it easier to generate this cryptocurrency.

Things to consider before buying Bitcoin Cash (BCH)

• Bitcoin Cash has a shorter wait time and low transaction fees that make it a lucrative buy.
• It works on the Proof-of-Work consensus algorithm.
• No ‘Replace-by-fee’ allows for more secure transactions.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.