On May 15, 2021, Bitcoin Cash (BCH) Network was upgraded. The upgrade bought forth two improvements to the BCH network. The ability to chain unconfirmed transactions to your heart’s content, and the ability to use multiple op_returns in a transaction. BCH is having a good year because BCH is getting smart contracts. Time to pay attention.
Hopefully, when smart contracts arrive, it will be widely adopted, which will be a plus that will greatly help the adoption of BCH. A slew of features are directed toward improving the overall experience of users. This upgrade marks a new upgrade schedule which will permits developers to spend more time in testing new features.
There are a lot of things that make BCH a great coin. The community claim is the real Bitcoin like Satoshi wants and works as a means of payment worldwide. It’s decentralized, fast, and it transfers costs close to nothing. Now, there are smart contracts and smart BCH as well.
BCH ecosystem is thriving. Being a decentralized network, there are several voluntarily funded projects. Bitcoin Cash (BCH) in Argentina is believed to be a powerful motor for LatAm and other countries in the world. Team Ryver has onboarded several merchants and users from Venezuela to Asia. BCH had a new potential contractor on board who will be willing to accept Bitcoin Cash from Caracas, Venezuela (the Bolivarian Republic of). Their preferred language is Spanish. They are interested in Merchant Onboarding, Media: Other, Event Leader.
Different Languages, Time Zones, and Cultures, but same P2P Digital Cash (BCH). It just looks like neither Language Barrier nor Internet Censorship can stop BCH adoption.
Another new BCH merchant in North Queensland! The owner of Harold St Minimart was amazed by the ease at which she could start accepting Bitcoin in her business.
Meanwhile, Grayscale expressed that Bitcoin Cash seeks to improve some issues with Bitcoin’s scale and speed. You can gain exposure to BCH through Grayscale Bitcoin Cash Trust. No buying, storing, or safekeeping required.
For clarity, Grayscale Bitcoin Cash Trust shares are eligible to be held in certain IRA, ROTH IRA, and other brokerage and investor accounts.
Also, Grayscale Bitcoin Cash Trust provides a secure structure to gain exposure to BCH. Eligible shares are quoted on the OTCQX®, the top marketplace operated by OTC Markets, under the Alternative Reporting Standards. Investors can buy and sell shares through most traditional brokerage accounts at prices dictated by the market.
