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I JUST FOUND THE NEXT BITCOIN



Every thing you want to know in regards to the subsequent Bitcoin – Bitcoin Money.
► Rise up to a $250 in Digital Forex:
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► Get 2 FREE shares valued as much as $1850 (if you deposit $100):
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► Open A Roth IRA:
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Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103

WHAT IS BITCOIN CASH AND HOW IS IT DIFFERENT THAN BITCOIN?
Bitcoin and Bitcoin Money are similar in how they work, they each have the identical blockchain expertise, they each have 21 million cash that may ever exist, they’re virtually similar in each means however they characterize two completely different social experiments. As we speak Bitcoin BTC is the digital gold of the longer term. And Bitcoin Money is attempting to grow to be digital money of the web prefer it says within the unique white paper.

WHAT IS THE WHITE PAPER?
The white paper was revealed by Satoshi Nakomoto in 2009 the place he described what Bitcoin was and what it was meant to do. He titled it “Bitcoin: A Peer-To-Peer Digital Money System”.

THE BITCOIN PROBLEM:
As Bitcoin began to achieve reputation from individuals sharing their story about how they bought wealthy with Bitcoin, two issues began to occur.

1. Volatility. Bitcoin would go as much as $10, and fall again all the way down to a greenback, it will go to $100, and fall again all the way down to $10, then it will go from $100 to $1,000 again all the way down to a $100.

2. Bitcoin reached one thing known as “the scaling downside” which occurs to all issues in tech as soon as they grow to be widespread. How do you scale a expertise from 100 to individuals to 1,000,000 individuals, to a billion individuals? If Bitcoin is to compete with cost processors like Visa, it has to ensure it will possibly again it up. Sadly it will possibly’t.

THE SCALING PROBLEM:
Visa averages 1,700 transactions per second. Bitcoin handles about 4 per second. In an effort to carry Bitcoin to everybody on the earth as a usable foreign money, it must scale. Bitcoin had a elementary disagreement with itself about how one can repair this downside and in August of 2021, Bitcoin Money was born.

THE SCALING DEBATE:
How do you scale Bitcoin? Ought to we make the blockchain bigger? Or ought to we scale off the blockchain? There are execs and cons to each.

SCALING ON CHAIN:
Folks within the camp of Bitcoin Money (BCH) needed to extend the block dimension from 1MB to 8Megabytes (BITCOIN CASH POINTS TO HIMSELF). So as an alternative of 4 transactions per second, it will possibly do 32 transactions per second. This might enable extra transactions to be included within the block and thus make them cheaper. The roadmap contains frequently scaling the blocks as wanted.

SCALING OFF CHAIN:
Individuals who had been on the aspect of Bitcoin (BTC) needed to scale off chain with a second layer resolution known as the Lightning Community which theoretically permits tens of millions of transactions per second for nearly free.

THE DOWNSIDES:
Scaling on chain is easy and easy. Sadly it comes on the expense of decentralization. If Bitcoin succeeds as a foreign money, the blocks would grow to be so giant that solely rich people (companies) may afford to run a node. If companies are the one ones that may try this, they might be vulnerable to rules from the federal government.

Scaling off chain provides us nearly limitless efficiency – if it labored. The lightning community is already right here but it surely would not work at scale but. It nonetheless carries dangers. It is because scaling off the blockchain means creating a wholly new expertise that’s not the blockchain. Different dangers embrace privatization and/or recreating the fractional reserve banking system.

HOW DOES LIGHTNING WORK?
Lightning works by two individuals opening up a channel (paying on an chain charge), and depositing any quantity of Bitcoin right into a reserve pockets (ideally by means of a sensible contract). The customers are actually free to alternate IOUs that characterize the unique staked cash, however the unique cash will not be really moved till the channel is closed out and the transaction is settled on the blockchain. Consider it as Gold (layer 1), issuing FIAT to characterize that gold (layer 2), which we then transact with.

MY PERSONAL THOUGHTS
Watch and benefit from the video.

*None of that is meant to be construed as funding recommendation, it is for leisure functions solely. Hyperlinks above embrace affiliate fee or referrals. I am a part of an affiliate community and I obtain compensation from partnering web sites. The video is correct as of the posting date however will not be correct sooner or later.

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31 Comments

  1. Lightning Network can be easily used with BCH too.
    Would you rather get Cash out for free from your bank, or pay $3 ATM fee every time? It's really that simple.
    As for the scalability. Say a billion people are using BTC and they settle the IOU once a day, just like VISA.
    At 4/s, that'll take 7.9 years.
    At 32/s, that'll take 1 year.
    Cardano is actually 48 days.
    They all suck pretty bad ngl.

  2. Although each one varies in fundamentals, The idea behind BCH was to keep the basic mechanism of BTC, but lower fees & and faster transactions. This was l achieved by increasing the original block size, it was meant to be a simple technical solution, and BSV is the youngest of the three, as it was forked from Bitcoin Cash in 2018. BSV introduces features that are not found in the other two Bitcoin systems, such as an even greater block size for more speed, smart contracts, NFTS capabilities, and increased versatility overall. So in retrospect, essentially what I’m seeing is the same financial instruments as gold, cash $100, $50. That’s my theory on these networks will eventually be synchronized. Bch is already being accepted in Florida for gas, we’re also starting to see it being used widely on paying services like Venmo. Y’all – Pay attention to real time use-case and current adoptions, everything else is just talks and tweets. BCH is the next move.

  3. I went for the webull free stock promo following the link in the description box and within a minute got a fraudulent attempt to log I to my email in. NY, NY (not where I live). Is there a chance that link has been hacked???

  4. Extremely point by point video Well I will also say this here, Most people don't understand the concept of "buying the dip" buying the dip is all about buying digital assets when their prices are down and selling off when the price rises. Holding is great, although trading is far more profitable. I was able to grasp the knowledge of trading crypt0 assets early enough, but I was still limited due to my lack of technical understanding of how to analyze the digital market, all that changed when I encountered Rico Alan, I must confess it was easier to understand with the assistance of Rico that has made me over good altᴄoin.

  5. Nice work,I advise you all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can't tell if it's going bearish or bullish.While myself and others are tradn without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow.I was able to make 7bTC in just July from implementing trades with tips and info from Rico Alan

  6. I HAVE BEEN MAKING LOSSES TRADING MYSELF…I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

  7. <Stay calm, these consolidation periods are temporary.We do expect inflow from investors switching out of Gold ETFs into BTC and also crypto analyst Rico Alan has been doing a great job reviewing all chart trades and techniques on BTC which has enhance the growth of my portfolio. This is an opportunity to both new and old investors by learning and implementing his tips for trading.. ..

  8. Thanks for making this video that I finally understand how Options trading works. Option trading has really transform alot of people, making a live a luxury life and give my family the best

  9. Cryptocurrencies have gone mainstream this year as both retail and institutional investors continue to pour their money into the digital currency market. Apart from institutional investors, even countries have started to legalize the use of cryptocurrencies in their financial market. First El Salvador created history by making Bitcoin a legal tender and then Paraguay legalized the use of Bitcoin and Ethereum. However, as the crypto market goes mainstream the focus has expanded beyond trading of cryptocurrencies, and the mining industry has become one of the most lucrative choices in recent times.

  10. Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating…

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