Welcome Steemit Friends - I have been gone awhile because of an injury to my back and while I was in too much pain to write, I was able to watch the token market every so often and do a lot of research on Bitcoin Cash! # _Blockchain Processing Perfectly_ Many untruths about the Bitcoin Cash are being published in an attempt to kill it. Let's take a look at this chart!  First of all, as could be expected, initially mining was slow because the difficulty was the same as Bitcoin but that has changed. We see that the blocks are coming every couple of minutes ranging between every minute and five minutes. There was an adjustment over the weekend of downward difficulty and since then - Bitcoin Cash has taken off in processing power and reduced cost. # _Bitcoin Core - Proposed This Change!_ SegWit and SegWit2x are running. It is thought they will collide and fork into two different coins. Meanwhile Bitcoin Cash has the changes the miners wanted and the decentralization everyone else wants plus a block size without any witness data that is 8 (EIGHT!) Megabytes. A block size four time larger than SegWit2X and eight times larger than SegWit without witness data - a very larger portion of the new blocks that will come forth! This is a vast improvement in both scalability for Bitcoin and yet retains all of the features. We can see that the Blockchain explorer is functioning perfectly and that creating tools, apps, and merchant interfaces for Bitcoin Cash is easy for any Bitcoin Core developer. # _Let's remove one of the lies about Bitcoin Cash right now!_ We see that there are 6 new blocks and processed in just a few minutes - not hours!  While it has been said that it would take forever for the difficulty to continue to drop over a period of years, the fact is every couple of days, Bitcoin Cash will drop in difficulty at this rate until it is so easy to mine that at its current price of about $550 and it's fees of $50 a block compared to 1.5 BTC for Bitcoin it is quickly becoming a force to be reconciled with as a means of internet secure token transaction. # _Promises Delivered!_ Bitcoin Core developers have delivered! Bitcoin Cash has the stability, scalability because of the large block size, and all the features of Bitcoin with the decentralization, and the ability to track the transactions of the token! 1) Stability - the Bitcoin is proved and so is the Bitcoin Cash 2) Scalability - 8 megabytes is much better that 1 or two megabytes for scalability 3) Decentralization is maintained where as with Segwit and especially Segwit2x, decentralization is left in question if not handed to the control of the very big companies. 4) All the features of Bitcoin are kept in place that has made it reliable. # _Transaction Speed and Processing Speed Increase!_ Both the speed, cost of transactions, that is mining have increased and the profitability is soaring while the costs have dropped immeasurably. Did you know that it was predicted that in order for Bitcoin to run worldwide that all of the electricity produced on the planet would be dedicated to powering the mining or transaction processing of the secure internet transaction tokens by the year 2040. That dire prediction with the release of Bitcoin Cash just flew out the window and are completely false! It is now obvious that as an increase in scalability is needed, the block size can be increased and all of a sudden -WHAM! Speed and cost are drastically lowered. Bitcoin Core Developers have stepped in to make a winner and in theory the use of Bitcoin can now handle much more than eight times the number of transactions without raising electricity usage and computing power! Bravo! Bravo! Bravo!  The Black Box represents the fees - do you see that? The fees for a 13 BCH or BCC Reward are between 16 cents and $18.65 compared to the $6,000 fees of Bitcoin (BTC). That is cheap! That is so inexpensive and remember it will go down, down, down, down! The Red Box is the size of the block and nowhere is the the block approaching anywhere near eight megabytes! There is so much room for expansion that it is absurd as to how much room Bitcoin Cash has to scale before any block size would need to be increased. There is so much capability left it is daunting as to just how room there is for more transactions to be quickly processed that it could be said a mistake has been made in the switch to SegWit and SegWit2x. Those two forks could have done this and Bitcoin would be at a $100,000 right now instead of at a Bubble as some say. Is Bitcoin at a Bubble? I do not think so, I do believe that the Bitcoin Core Developers have just shown who is boss and knows what they are doing and it is a hands down argument. # _Adoption by Merchants - Purchase with Fiat - Bitcoin Cash Moons to Alpha Centauri!_ Added after post- Bitcoin Cash can be bought from [FreeWallet.org with a Credit or Debit Card](https://freewallet.org) Article Sources: [What Do Core Think of Bitcoin Cash? - Bitcoin News - Eli Efram](https://news.bitcoin.com/core-think-bitcoin-cash/) [Bitcoin Cash Mining Difficulty Drops Significantly – Speeding Up The Chain](https://news.bitcoin.com/bitcoin-cash-mining-difficulty-drops-significantly-speeding-up-the-chain/) [Bitcoin Cash Flips Mining Profitability](https://news.bitcoin.com/bitcoin-cash-flips-mining-profitability-which-may-entice-more-miners/) [Bitcoin Cash Thrives During Its First Two Weeks of Life](https://news.bitcoin.com/bitcoin-cash-thrives-during-its-first-two-weeks-of-life/) Images Sources: @jeff-kubitz Related Article: [Bitcoin (BTC) vs BitcoinCash (BCH or XCH) Stats](https://steemit.com/bitcoin/@jeff-kubitz/bitcoin-btc-vs-bitcoincash-bch-or-xch-stats) Thanks all my Steemit friends and voters: Thanks for the awards and recognition @steemitboard: <p><center><a href="http://steemitboard.com/@jeff-kubitz" rel="noopener"><img src="https://steemitimages.com/0x0/https://steemitimages.com/125x100/http://steemitboard.com/@jeff-kubitz/level.png"></a></center></p> <p><center> <center><a href="http://steemitboard.com/@jeff-kubitz" rel="noopener"><img src="https://steemitimages.com/DQmaVNQoQMPAdJWLxQegGqm9UM1gLf9muLJHALkNumoFEwD/image.png"></a><a href="http://steemitboard.com/@jeff-kubitz" rel="noopener"><img src="https://steemitimages.com/DQmb5jguN7zbKmYofQC9Rz7kNcbWgQYtfc5dMSqNWktUuQE/image.png"></a><a href="http://steemitboard.com/@jeff-kubitz" rel="noopener"><img src="https://steemitimages.com/DQmcVijWCVcGCkUKCZuXhiXChLpbnwRvAB7P6AYPU7m2z8S/votes.png"></a><a href="http://steemitboard.com/@jeff-kubitz" rel="noopener"><img src="https://steemitimages.com/DQmcU22p5JQL2VVn74YhJp6qvXR48UYtao2t4mrQ8oCwQcQ/image.png"></a><a href="http://steemitboard.com/@jeff-kubitz" rel="noopener"><img src="https://steemitimages.com/DQmNwnqsrtrvvF4mEi7KphoZ6m6KNDWk7NZtYmcpWGqiuYC/image.png"></a><a href="http://steemitboard.com/@jeff-kubitz" rel="noopener"><img src="https://steemitimages.com/DQmRpXfctLuyJ788U9oZ1m7hTTH6jZPHLSRTcNNBFms7iqA/image.png"></a> </center> <p> If you like this post don't forget to <img src="https://steemitimages.com/0x0/https://s22.postimg.org/n01rpphmp/pointing_fingers.gif"><strong> Upvote</strong> or<strong> Resteem</strong> </p> <p>[My Facebook Home Page:](https://www.facebook.com/jeffkubitz.5) </p>
author | jeff-kubitz |
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permlink | bitcoin-cash-the-truth-blocks-processing-perfectly |
category | bitcoin |
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created | 2017-08-21 14:59:48 |
last_update | 2017-08-21 19:47:54 |
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root_title | "Bitcoin Cash - The Truth! Blocks Processing Perfectly!" |
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
jlufer | 0 | 84,041,177,258 | 30% | ||
jeff-kubitz | 0 | 119,894,452,852 | 100% | ||
abh12345 | 0 | 5,547,943,838 | 14% | ||
everittdmickey | 0 | 175,171,368,314 | 48% | ||
kannthoginn | 0 | 177,752,007 | 100% | ||
sunscape | 0 | 22,428,735,344 | 20% | ||
adventureevryday | 0 | 59,288,243,424 | 100% | ||
crowdfundedwhale | 0 | 47,727,542,709 | 12% | ||
johnathanhenry | 0 | 348,515,933 | 100% | ||
mallorcaman | 0 | 402,853,956,126 | 100% | ||
ward01 | 0 | 1,218,458,399 | 100% | ||
pertiqoues | 0 | 2,514,394,653 | 100% | ||
sadam | 0 | 283,064,542 | 100% | ||
jupiterd | 0 | 531,380,265 | 100% | ||
moke611 | 0 | 527,279,206 | 100% | ||
nikanet | 0 | 521,814,189 | 100% | ||
hotnes | 0 | 532,257,345 | 100% | ||
esllversi | 0 | 525,234,494 | 100% | ||
pointan | 0 | 506,297,579 | 100% | ||
animestar | 0 | 532,532,407 | 100% | ||
dannyden | 0 | 531,798,386 | 100% | ||
munazir | 0 | 1,798,305,781 | 100% | ||
nilollay | 0 | 614,175,311 | 100% | ||
palki98 | 0 | 611,692,915 | 100% | ||
peteru1 | 0 | 619,520,000 | 100% | ||
ashfia | 0 | 483,827,604 | 100% | ||
xealeavr | 0 | 563,763,200 | 100% | ||
gubins | 0 | 610,227,200 | 100% | ||
santenichi | 0 | 610,227,200 | 100% | ||
voenkosh | 0 | 613,324,800 | 100% | ||
majorti | 0 | 610,674,439 | 100% | ||
ladykambulov | 0 | 613,365,655 | 100% | ||
yaroslabanushkin | 0 | 610,267,846 | 100% | ||
fylibe | 0 | 610,308,492 | 100% | ||
xuzeni | 0 | 613,324,800 | 100% | ||
nedoxlebov | 0 | 613,529,109 | 100% | ||
free999enigma | 0 | 52,706,402 | 5% | ||
esayan | 0 | 610,837,214 | 100% | ||
leichenvera | 0 | 1,144,013,351 | 100% | ||
soulle | 0 | 1,125,830,558 | 100% | ||
shantet | 0 | 1,149,778,404 | 100% | ||
balalayka | 0 | 1,150,185,935 | 100% | ||
loguv | 0 | 1,120,012,813 | 100% | ||
wanareis | 0 | 1,009,749,576 | 100% |
BCH is sure taking its spot in the crypto space, we will see what the future holds
author | youngjerv |
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permlink | re-jeff-kubitz-bitcoin-cash-the-truth-blocks-processing-perfectly-20170823t154049283z |
category | bitcoin |
json_metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
created | 2017-08-23 15:40:57 |
last_update | 2017-08-23 15:40:57 |
depth | 1 |
children | 0 |
last_payout | 2017-08-30 15:40:57 |
cashout_time | 1969-12-31 23:59:59 |
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root_title | "Bitcoin Cash - The Truth! Blocks Processing Perfectly!" |
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