Why is Bitcoin Cash Valuable (Who Created Bitcoin Cash)?

Why is Bitcoin Cash valuable? Editor’s note: This article is from According to, authorized by Odaily Planet Daily for reprint.

Is Bitcoin Cash valuable? We can explain why Bitcoin Cash is valuable from the following aspects. 1. What is the combination of Bitcoin and blockchain like? Using cryptocurrencies in the traditional financial field as digital assets is a common practice. However, mainstream financial institutions are still unwilling to cooperate or develop solutions (such as Bitcoin trading platforms) with Bitcoin and other blockchain-based technologies, and the Bitcoin network itself is the same. Therefore, in some cases, funds are lost due to the lack of necessary third-party participation. What would happen if someone tried to take advantage of this opportunity to buy Bitcoin and sell it? Because Bitcoin has decentralized characteristics, people can easily use these concepts for purposes such as payment, thereby increasing its trustworthiness. For example, using bank transfers to obtain fiat currency is a typical payment method, similar to “remittances”. However, cross-border payments on the Bitcoin network require significant fees. 2. Why is Bitcoin Cash valuable? For those who already have a large amount of BTC, this method may not be suitable for their daily work or how sensitive they are to the investment environment, so they must consider how to keep it stable. 3. What are the benefits of Bitcoin Cash? First of all, Bitcoin is a highly secure and easy-to-use electronic token that allows users to easily exchange fiat currencies. At the same time, it provides a very effective means of storing value, allowing people to obtain anything other than just the US dollar. 4. What is Bitcoin Cash? According to research firm Chainalysis, the price of Bitcoin Cash is expected to double in the next five years, and this number is expected to more than double by 2025. 5. Do miners accept or support Bitcoin Cash? As more and more mining pools start to use Bitcoin as collateral, they are actively looking for alternative solutions. In addition, many people believe that Bitcoin Cash may be another choice in the future-although some exchanges may offer more such services. 6. Why is Bitcoin Cash valuable? In order to facilitate the understanding and verification of the advantages of Bitcoin Cash, let us first understand its basic principles:

1. When the price of Bitcoin rises, the speed of mining Bitcoin Cash will be faster;

2. When the manufacturer of mining machines decides to increase computing power, each machine will produce a new PoW consensus algorithm to ensure that it does not affect mining equipment;

3. Once mining difficulty becomes too high, the cost of available selected hardware will decrease significantly.

Who Created Bitcoin Cash

Who created Bitcoin Cash? Who was one of the first users after Bitcoin was born? According to data from coinmarketcap, as of the time of publication, the price of BTC is about $19,000, while the market value of Bitcoin Cash (BitCash) fluctuates around $1 billion.

It is reported that this new currency called “Lightning Network” (LightningNetwork) first appeared in May 2017. This hard currency was initially created by Satoshi Nakamoto, but later it was denied to be the real Bitcoin until early 2018, when it started circulating for a period of time. (BlockBeats)

At that time, there was such a voice in the Bitcoin community-Bitcoin supporters said, “We think it is a great progress.” They believe that the Lightning protocol will reduce transaction costs, speed up transactions, and provide resistance to ASIC chips. However, when these miners find themselves unable to mine, a situation like this will occur: “Do you think your money is lost?” If this is the first time people know what the Lightning Network is. Then many people now think it is a scam: someone told me that Bitmain is not the first to release Lightning payments; there is also a saying that Bitcoin Cash is just a tool. “So, if you buy BCH with Bitcoin, you are selling your own gold.”

From that time to the present 7 days, the entire blockchain industry has been striving to improve efficiency and security. As time goes by, more and more companies are starting to study how to get more companies involved to achieve this goal. At the end of 2017, members of the Bitcoin founding team announced the launch of the Lightning Network and promised to invest $10 million in developers. In the following years, many cryptocurrency exchanges have closed one after another. However, the market quickly changed. Just recently, Roger Ver, the founder of the Bitcoin Foundation, stated that he is considering helping Bitcoin solve its performance issues by increasing the hash rate.