(MENAFN- Hmedium.com) If it is said that the most outstanding asset in 2020, then it is non-cryptocurrency.
This is the largest year of global currency over-issuance. A huge amount of currency has flowed into the market, making investors generally worried about inflation and their trust in "hard currency" has declined. Against this background, the growth of various cryptocurrencies in the cryptocurrency market leads all kinds of assets. As the first cryptocurrency in the cryptocurrency market, the price of Bitcoin has also repeatedly hit new highs, leading to the continued high enthusiasm of the cryptocurrency market.
In March 2021, Tesla CEO Elon Musk developed a tweet and clearly stated that he is a Bitcoin (BTC) supporter. At the same time, his Tesla Motors supports Bitcoin purchases, a well-known Singapore media person Gao Qijun's Twitter official development article promotes virtual currency, and Desmond, a well-known financial media person in straits times, promotes Bitcoin classic, the supplementary currency of Bitcoin.
Desmond wrote: "I am optimistic about the blockchain technology and the cryptocurrency market in recent years. The digitization of assets is bound to be the trend of future social structural changes. However, from the current situation, Bitcoin is not suitable for the task of payment. It took too much time and transaction fees. According to data, the transaction fees of Bitcoin recently reached 48 US dollars per transaction, which is unacceptable."
Later, Desmond said that it is more appropriate to look for a cryptocurrency that is more suitable for daily payments than Bitcoin. It may be more appropriate to consider from the direction of fork; for in-depth data analysis of various hard fork currencies of Bitcoin, he believes that Bitcoin is a new hard fork Bitcoin. Classic BGH may be able to more perfectly complement Bitcoin's functions and serve as a means of payment in the future.
According to the editor, Bitcoin Classic BGH is a peer-to-peer electronic cash system. It inherits all the ledgers since the creation of the Bitcoin block. After the successful fork of the block height of 630,000, it opened its own independent development path, Bitcoin Classic BGH There are 210 million in total, which can bear more users and is more suitable for daily payment.
In response to the question of "what judges that Bitcoin Classic BGH can better undertake the payment task", the editor believes that there are the following reasons:
1、Fast and convenient; Bitcoin Classic BGH supports 0 confirmation to the account in seconds. This function is suitable for wide application in small payments. The confirmation time for a block of large transfers is about 10 minutes.
2、Low handling fee; as a global peer-to-peer electronic cash system, Bitcoin Classic BGH can not only circulate without barriers on a global scale, but also the handling fee consumed by transfers is as low as $0.01.
3、Stronger performance; unlike Bitcoin, Bitcoin Classic BGH has expanded the block size, expanding the block size of BGH to 32MB, which can carry a higher transaction volume.
4、Simple and easy to use; as a peer-to-peer electronic cash system, Bitcoin Classic BGH is very convenient to use. BGH transfers can be quickly and easily transferred from one address to another through a light wallet.
5、Strong security; Bitcoin Classic BGH adopts a proof-of-work mechanism (POW) and uses the SHA256 algorithm. The current computing power of the entire network reaches 148PH/S, which can protect the ledger from being tampered with.
6、Safe and reliable; Bitcoin Classic BGH is both a payment system and a proven means of storing value.
Compared with Bitcoin, Bitcoin Classic BGH also has the defect of fixed supply, which may cause deflation in circulation, but this also helps Bitcoin Classic BGH become a means to resist the flood of liquidity; compared to physical objects such as gold Assets, Bitcoin Classic BGH in digital form is easy to carry and transfer, and there is almost no storage cost, and the privacy is also very strong. Compared with payment methods such as paper money, Bitcoin Classic BGH is more convenient because it can be circulated on a global scale and cannot be forged or tampered with. It is a safe and reliable transaction method.
This is why gold is gradually introducing the field of payment circulation, while the payment range of cryptocurrencies such as Bitcoin and Bitcoin Classic BGH is still expanding. Judging from the flow of funds, major investment institutions around the world have gradually transferred their asset allocation in the gold field to the cryptocurrency field!
Based on comprehensive judgment, the future potential of Bitcoin Classic BGH is immeasurable. It has a great opportunity to supplement Bitcoin's functional deficiencies. In less than two years since its birth, the computing power has risen to 148PH/S. It can be judged that Bitcoin Classic BGH The community ecology is well built, with a solid fan base around the world, and there is a lot of room for appreciation in the future.
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