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Bitcoin Cash recently managed to celebrate its 4th birthday after being created on August 1, 2017, and whilst it has had a number of problems that it has needed to face during its lifespan, the cryptocurrency has managed to mature to new levels.
How was Bitcoin Cash Created?
Bitcoin Cash was created following a huge debate that had sent shockwaves throughout the entire cryptocurrency community back in 2017 because of disagreements between the builders and the Bitcoin influencers who were arguing about the best and right way in which they would be able to obtain blockchain scaling in the simplest of ways. There had been some who supported the idea that scaling on chains by raising the block dimension would be the best way, which then saw that concept be remodelled into Bitcoin Money.
Issues have since been solved
As mentioned, there have been a number of difficulties to have arisen from the project however it would seem that four years has helped to iron out any of the kinks and help to make Bitcoin Cash as mature as it can be for the time being. Indeed, throughout the four years that it has existed and been a viable alternative for many, it has been able to achieve what the creators had initially set out to accomplish, with users being able to have extra economic freedom when using the coin. This is pretty convenient and a huge benefit for many, especially those that like to use cryptocurrency when they gamble. Over the last few years, there has become a new type of bitcoin live casino that has provided players with the option to pay with virtual currencies such as Bitcoin, Ethereum and Bitcoin Cash.
Countries have benefited from Bitcoin Cash
However, it should be noted that individuals are not the only ones to have been able to benefit from the extra economic freedoms that the coin was initially designed to provide, with countries having also been able to take advantage. Venezuela and South Sudan, that are both incredibly stricken with poverty issues, as well as Argentina have each been able to benefit from the support of the cryptocurrency system which has been implemented. This is because of the Schnorr Signatures, which is an implementation of a token standard called SLP that gives attention to social parts of the spectrum.
Indeed, special teams have been set up in places such as Venezuela’s capital, Caracas, and other places such as Colombia where they have been able to help onboard retailers and customers whilst highlighting all of the benefits that using the cryptocurrency can provide them with, especially when they live in countries that suffer from inflationary and de-valued economies. As the virtual currency is isolated from that, these problems could be of the past for residents that have to suffer from these issues regularly.
Accepted by many vendors and on the biggest crypto exchanges
If any further evidence was ever required to highlight just how mature Bitcoin Cash has managed to become following its fourth anniversary, it would be easy to find it when looking at the viable payment methods being offered all around the world. It is one of the most profitable Bitcoin forks currently available within the entire market of cryptocurrency, as it is currently in many of the main exchanges that can be found around the globe, with Binance, Hobi, Upbit, Coinbase, Okex and PayPal all providing it, whilst it is also accepted by many vendors all around the world, as well.
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