Why buy Bitcoin Cash (BCH)
You might decide to buy Bitcoin Cash (BCH) because it combines the scarcity of gold (max. 21 million coins available) with the expendability of a cryptocurrency that has very low transaction fees, suitable for micro-payments. BCH is also used as an incentive for content creators and dapps users, and is currently among the top 20 cryptocurrencies in the entire crypto market.
Another reason you might buy it is what led former Facebook engineer Amaury Séchet to conceive it: to create a version of Bitcoin that was more scalable and therefore better suited to process small transactions.
What it is and how it came about
Bitcoin Cash was born from a hard fork of Bitcoin, with the aim of optimising the scalability of its blockchain and effectively becoming a payment system on a global scale. Although this goal remains difficult to achieve, it has become the epicentre of several very interesting blockchain projects. For instance, Simple Ledger Protocol allows its developers to create their own tokens on the Bitcoin Cash blockchain, while SmartBCH allows Ethereum DApps to be distributed on the BCH network with the advantage of lower fees.
The developers created this hard-fork following a discussion on the future of Bitcoin. While most of the team wanted the crypto to remain just an object of speculation, others wanted to turn it into a fully-fledged money exchange system.
In short, you might want to buy BCH because it was Bitcoin’s first hard-fork and the only one to be successful. Eight years after its launch, it remains stable among the 20 most capitalised cryptocurrencies.
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