Typically, Bitcoin Cash is criticized as a niche cryptocurrency with no adoption prospects and even as a"zombie chain." Seasoned analyst and investor explains why these narratives should at least be reconsidered in 2023.Bitcoin Cash , the largest and most popular fork of the first cryptocurrency Bitcoin , deserves to exceed it by market capitalization. This statement was made by Cyber Capital CIO Justin Bons in his recent Twitter thread.
BCH is way closer to what Bitcoin was supposed to become; with more functionality, capacity & integrityThe fact that Bitcoin Cash underperforms its"oldest brother" is a matter of politics to the analyst. As of July 2023, the market cap of Bitcoin Cash is less than 0.95% of that of its original version.
Therefore, BCH's massive adoption is simply not there. At the same time, the 14th largest cryptocurrency retains the original"Satoshi vision" and remains one of the most trending cryptos on the proof-of-work consensus mechanism.Bitcoin at its current state looks like a joke to Bons due to its block size limit and"dictatorial governance." To provide context, BCH's block size is 32 MB compared to 1 MB of Bitcoin .
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BTCTN - 🏆 531. / 51 Read more »
Source: BTCTN - 🏆 531. / 51 Read more »