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The next global electronic channel system must be BCH!
One year on, Bitcoin Cash (BCH) is gaining acceptance in the mainstream market. Whether it’s payment processing services like BitPay or Dish Network’s adoption of it as a payment option, BCH has been taking advantage of its ability to expand its applications.
So what’s the real reason BCH is the only true Bitcoin and the only functional cryptocurrency in the world?
NChain Chief Scientist Dr. Craig Wright answered the question: “BCH is the next global electronic channel system.”
CSW recently took to Twitter to explain his view that BCH would take over the world economy, tweeting: “Sorry. You missed your chance to stop BCH, which will be the next global electronic gateway system. It has everything it needs right now to revolutionize a $1.5 trillion a year market, and in three years, you’ll see.” Then, how BCH will take over the world economy, the author will do in-depth research on the recent good news.
Fivebucks.com, victory for micropayments!
After months of hard work, Fivebucks.com, a $5 marketplace for freelancers around the world, recently launched. And all the payment behavior of this platform is carried out by BCH. The platform completely eliminates global geographic restrictions, allowing users from anywhere on earth with an Internet connection to start work with a click. Fivebucks.com is arguably the only truly global marketplace for freelance services.
Fivebucks.com was inspired by BCH charity EatbCH, as it demonstrates how BCH can transcend the reach and efficiency of traditional payment infrastructure. Inspired by the Fivebucks.com developers’ new ideas for the freelancer market, BCH has once again become an online medium for businesses and freelancers around the world, where anyone with an Internet connection can get paid directly, no matter where they are from.
Cross-border payments are not BCH’s only advantage. Fivebucks.com chose BCH because of its friendliness towards micropayments. BCH solves the transaction problems existing in BCE through technical means such as block expansion, which can be used for daily small transactions without the problem of high commission fee or long transaction waiting time.
Speaking at this year’s Coindesk 2018 Consensus conference, Balaji Srinivasan, CTO of Coinbase, said giants like Microsoft are taking a close look at the digital currency industry. The first wave is digital gold, the second wave is smart contracts, and I think the third wave will be micropayments. It can be said that BCH micropayment has won the first opportunity for its future development.
A guessing app, a secure smart contract
In an interview with CoinGeek on August 13, Global Poker CCO Jonas Odman, known as the godfather of poker’s entertainment model, praised BCH as “the new Neteller for online poker players.” Neteller is an electronic money transfer service used by merchants such as foreign exchange trading companies and social networking companies.
As the first real application of cryptocurrencies, the gaming industry has achieved unprecedented results and has made blockchain gaming shine throughout the World Cup.
Jonas Odman believes that even though ETH has a first-mover advantage in smart contracts and tokenization, with BCH smart contracts coming online, Ethereum cannot scale or operate as a cryptocurrency and security issues are emerging. Meanwhile, BCH has already made its first “atomic bet” on blockchain, which is why many gaming platforms have turned to BCH.
Meanwhile, Global Poker is integrating BCH through BitPay. It is believed that more applications and tokens will be developed based on BCH in the future to build a more complete ecological empire of BCH.
Payments and smart contracts are BCH’s most important development direction, although BCH does much more than that.
While BCH has experienced a lot of user support over the years, there are still some obstacles to its growth, and CSW lists these as size limits and lock-in agreements.
Fortunately, the BCH community is already working to remove these barriers. Last May’s network upgrade increased the block limit of Bitcoin BCH to a maximum of 32MB, as well as re-enabling some OP_Codes. Now, according to CSW’s proposal, the BCH block cap could rise to as much as 36GB in the near future.
The next global electronic channel system must be BCH, I believe that with the efforts of more and more technical personnel, BCH will become the consensus of all people!