Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
Cryptocurrency Bitcoin Cash (BCH): overview, advantages, rate and purchase of BCH
Bitcoin Cash appeared as an offshoot of the main Bitcoin cryptocurrency on August 1, 2017.
There are two cryptocurrency designations: BCC and BCH. As soon as the new coin appeared on the exchange, it began to grow actively and many traders managed to make good money on it.
The idea to create Bitcoin Cash arose due to statements about an outdated version – Bitcoin. Transactions have become slow and fees have become high. A Bitcoin block took up only 1 MB, and a whopping 8 MB was allocated for the new Bitcoin Cash chain.
To buy Bitcoin Cash, you need to purchase regular Bitcoins, then you need to transfer them to Bitcoin Cash on the Bittrex exchange.
The official BCH website contains a list of all exchanges that work with Bitcoin Cash.
The BCC exchange rate directly depends on the dollar. In the future, significant fluctuations in the exchange rate are expected for the cryptocurrency, because not all crypto exchanges provide access to BCC, which means that demand in the market will grow.
Today, Bitcoin Cash is a fairly promising coin for investment, but still, beginners should not forget about the 30% rule for high-risk assets.
Advantages of Bitcoin Cash:
- Transaction speed due to the large block size;
- Protection against popular attacks (replay and destruction);
- Network complexity will grow much faster;
- New generation transactions with security improvements.
