Represented by the currency and the currency in cash since the birth of digital currency, derived the money of various types, a variety of purposes, such as the currency is slowly as a layer of the transactions, the etheric lane in the direction of intelligent contracts continue to develop, Rayleigh wave currency reached cooperation with bank was used to cross-border payments, conversion, etc., and the currency cash position seems more and more broad.
As we all know, the development team of Bitcoin Cash has been committed to making BCH the best money in the world, which is also the significance of the emergence of BCH. To this end, its several independent development teams have kept the transaction of BCH at a fast and stable stage through technological changes such as expansion and upgrading. Although BCH still has a long way to go to achieve this vision, it has achieved good results, such as the support of bitPay, blockchain and other payment applications, enabling merchants to accept BCH payment to present a rapid growth situation.
So far, using BCH to pay for purchases is one of the more successful use cases of all cryptocurrencies. Until then, BCE was the best practical application. Once the BCH developers have solved the technical issues of transaction (how to achieve the lowest transaction fees and fastest transaction times while ensuring security), the remaining adoption issues are not technical but commercial. As a result, developers and the community are demanding more from BCH. They want BCH to combine all the advantages of digital currencies and become the cornerstone of a global distributed economy. In other words, BCH can do what all other digital currencies do. So, in the recent past, we’ve seen BCH supporters or BCH mining companies paying high prices (Coingeek has offered a $5 million reward, Coinex a $1 million reward) to seek solutions for BCH dye coins in the cryptocurrency community.
BCH has always been ahead of the industry in terms of technology advances thanks to multiple independent development teams, and in terms of practical applications BCH has also gradually expanded. AmWager.com, a live horse racing betting platform, announced that it will accept BCH as betting funds through BitPay. The company said that blockchain technology solves some of the problems of traditional banking systems in verifying and completing transactions quickly, especially BCH, which provides a fast settlement process and can reduce the risk of returning orders. And there is no need to “clean up” delays in capital availability during the transaction through traditional methods.
BCH supporters would be happy to see the figure of every industry can have BCH, then BCH can use their own hands to do everything, in the future, the purpose of the BCH will no longer pay BCH limited used for shopping, but can be tokens issued or is the use of smart contracts for the use of personal assets, prove, transfer, data sharing, cloud services, etc.