The original Bitcoin is obviously the king when it comes to Cryptos. With a current market cap of $147,993,965,848 it continues to stand in 1st place due to mass adoption. With Bitcoin being the go to crypto, there has been some issues with this. Just like any other tech, the first player in a specific tech usually has the highest expectations. The reason for this is because in order to stay in first you have to be efficient in everything you do because there is always different tech chasing you. With Bitcoin being the go to crypto it has encountered many problems that are worth noting. With growing transactions, Bitcoin has had trouble keeping up with this. It has resulted in longer transaction times and higher costs. When people first got into Bitcoin is was extremely cheap to do transactions. Now that everybody wants to use it, miners have been put to the test forcing rising prices to meet expectations.
This is where Bitcoin Cash comes in.
Bitcoin Cash is a fork of Bitcoin meaning it is a split in a sense. The first fork occurred in August 2017 causing the creation of Bitcoin Cash. Bitcoin Cash has a bigger block size coming in @ 8mb compared to original Bitcoin 1mb. This bigger block allows for more transactions to be entered into 1 block before the info is encrypted into the blockchain. What this means is that Bitcoin Cash can essentially process more transactions at once resulting in enhanced efficiency for confirmations.
The one major problem we see with Bitcoin Cash comes in the form of mining. With the increased block sizes, this makes the mining process more difficult. The miners with the best equipment can potentially dominate, pushing the smaller guys out of the market. Many argue that with this process in play, it can push bigger corporations on top because they have more resources available to make them profitable than the smaller guys. IF corporations are able to take control with the mining process, it makes the process less decentralized, and is definitely something to worry about when looking @ Bitcoin Cash.
With Bitcoin cash having around the same circulating supply as Bitcoin original, it does create opportunity in our opinion. With Cash trading @ only $1,246 compared to Bitcoin $8,780, we think there is solid growth in play for Bitcoin cash and we see it as undervalued at this point. As the demand/transactions continue to grow with Bitcoin, we can see the price of Bitcoin Cash going up due to the fact they are simply able to create lower costs and faster transaction speeds (what people invested in Bitcoin for in the first place). What we are trying to say is that if Bitcoin Cash does everything Bitcoin original used to do, we do not see why it cannot continue to grow in our opinion.
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