What is Bitcoin Cash?
Bitcoin is a coin created on the blockchain. It is symbolized by BCH. It is currently one of the most well-known coins in the world. The maximum supply within BCH is limited to 21 million, as Bitcoin is split over the blockchain.
What are the Advantages of Bitcoin Cash?
First of all, it is among the most well-known and traded coins due to its name and infrastructure. Although the fact that Bitcoin is being traded on the blockchain was initially seen as an advantage for him, unfortunately, some of the problems that come with bitcoin have not been resolved.
The biggest difference between Bitcoin Cash and Bitcoin is that the transaction times for BCH are extremely short. In this way, the block capacity was increased and became 8MB.
How Is Bitcoin Cash Mining Done?
Despite being an extremely famous coin, it would not be wrong to count it among the coins that received the least attention when it comes to crypto mining. BCH mining is done less often, both in terms of hardware and innovations. To mine, you must have a wallet, just like in BTC, and start mining with ASIC devices.
Currently, it is possible to buy BCH using almost any exchange in the world. Likewise, it should be noted that the BCH trading chart always shows parallelism with BTC.
Generally, when we browse BCH comments, we come across positive and constructive sentences. In the long run, a rising chart is expected in BCH, as in other stablecoins. However, we should also underline this: Although greater increases are expected for the following periods, some inferences were made for the previous periods based on 2022. It should be noted that these inferences were not very successful, especially regarding Bitcoin Cash.
Although not investment advice, we would like to state that we think about Bitcoin Cash: BCH is a coin that has always moved with BTC. Although many new coins have been launched, it has a loyal investor base. For this reason, very serious decreases and losses do not seem possible for the medium-long term.