Lumi wallet adds Bitcoin cash. Now you can hold your BCH in a reliable and secure wallet.
The excitement associated with bitcoin cash has just started to gain momentum. Let’s see what bitcoin cash is and why it is becoming more and more popular.
According to Investopedia, “Bitcoin cash is a cryptocurrency created in August 2017, arising from a fork of Bitcoin Classic.” Is it the same as Bitcoin (BTC) then?
“Bitcoin Cash allows for around two million transactions to be processed”
Lots of BTC and BCH holders feel that there is very little difference between the two coins. However, the main difference between them is that BCH protocols allow for more transactions per second which translates to faster payments and lower fees. To start from the creation of BCH, it is necessary to mention that it appeared as the result of long debates from BTC holders. It’s worth mentioning that BTC and BCH both have lots of advantages and it is impossible to outline the winner between them. BCH was created to scale Bitcoin to more users. How is it possible? The simplest solution is to increase the Max Blocksize Limit parameters of the Bitcoin codebase. Simply put, just imagine the limit of Bitcoin’s block size allows for about 250,000 transactions per day, Bitcoin Cash allows for around two million transactions to be processed per day.
“Generally speaking, BCH was created to essentially be Bitcoin, except with easy to conduct transactions.”
Now let’s move to the perspective of Bitcoin Cash. Actually, we already may consider BCH as a pretty perspective coin according to what is written above. As we see, BCH can grow and increase the size of its blocks, allowing for more transactions to be processed. This point makes Bitcoin Cash rather popular, motivating more and more people to invest in it. For now the price rate of BCH is lower than BTC, however it can become a perspective coin as well. Generally speaking, BCH was created to essentially be Bitcoin, and they are basically the same, except for the easy to conduct transactions. The growth of BCH may even improve the whole crypto market as Brian Kelly, from Cointelegraph states.
If you are going to buy BCH you must already have asked yourself where will you hold it? Some wallets already support Bitcoin cash. For example, Lumi wallet is launching with BCH. Lumi will help your business be secure, anonymous, and productive. How? Their services allow you to:
✓ hold different coins and tokens in one place
✓ conduct transactions in just a few clicks
✓ exchange crypto to crypto right within the wallet
You can create a new wallet or import it from another app. Lumi is available for iOS, Android, and has its own web interface. Soon iOS users will be able to add BCH to their wallets. Feel free to contact us at [email protected], follow us on Twitter, Reddit, Medium, and read our Blog.