Digital currency valuation has always been inseparable from human nature, common sense and necessity. Human nature and common sense from no longer speak, just need is a very delicate topic.
“Consumers don’t know what they want,” Jobs once said. Even though this sentence is very willful and paranoid, Apple will still make efforts to fit the market in user experience, such as large screen, status bar and so on. Perhaps its development is a lesson for BCH.
BCH is an iconic name in the digital currency world, and the idea behind its growing path is a desire for real Bitcoin. As Cryptovest recently reported, Lee said: As far as BTC and BCH are concerned, they are both Bitcoin. Specifically, I think in many ways Bitcoin Cash is closer to the true philosophy of Satoshi Nakamoto’s white paper.
In order to achieve this in our vision, BCH chose the big block line, to ensure that in the face of a larger volume, remained lower transaction costs and network unobstructed, this has been verified in recent pressure test BCH block chain processed more than 2.1 million transactions in within 24 hours, the average transaction costs rather than increase, It actually dropped slightly from $0.002 to $0.0017.
The second is smart contracts. The most popular project recently is the Wormhole (WHC) project. The official website of the wormhole was just launched a few days ago. In addition, users can also get first-hand official information about the wormhole project through the Blog section, which is all written by the wormhole development team. The wormhole project seeks a way for the tokenization development of BCH and lays a solid foundation for the ecological construction based on BCH blockchain.
However, there is no denying that even though BCH has strong technical advantages in trading and smart contracts, it is still not used in real life. BCH has achieved apple’s version of technological innovation and capriciousness, so it still needs to learn from Apple’s efforts to fit the market in the creation of rigid needs.
At present, there are two kinds of digital currency needs. One is that countries with high inflation rate need to use a currency that keeps its value and does not inflate. Digital currency can be a better choice. On the other hand, there are transactions with high confidentiality requirements, which are of course very niche. In everyday life, rigid needs are nowhere to be found.
So how does BCH, committed to creating the best money in the world, create demand?
First, relying on smart contracts, facing traditional enterprises and merchants, to create a new era of online chain. The Internet has innovated our dimensions of time and space, and BCH’s smart contracts are likely to expand them even further. In the future, everything in the world and even the universe, as well as individual thoughts and opinions, can be encoded to create a digital world based on BCH blockchain. Everything will be orderly, fair and even unimaginable.
Just like Apple, BCH also needs to constantly face the market and demand more customer groups, so as to transform the usage demand into rigid demand, and constantly change its development mode according to user experience.
In fact, to create such a huge digital world, the network choice is not BCH. The POW mechanism used by BCH is more secure, while the block size is scalable, ensuring the potential for large-scale applications. Currently, hundreds of tokens have been issued on the BCH main network through the Wormhole system.
Second, improve the technology to create more conditions for users to use BCH. Apart from smart contracts, BCH’s biggest strength is trading. At present, BCH can be used in only a handful of fields, daily use is not up to, how to form a rigid demand?
Fortunately, BCH’s supporters are pushing in this direction. According to News.Bitcoin, the BCH-based social media blogging platform Yours.org has announced that it has completed the addition of a new paid rewards plugin, Money Button, which allows users to send user-specified BCH rewards to authors when they read valuable content.
Ryan X Charles, the founder of Yours.org, also has ideas for using Money Button in more areas, such as social networking and gaming.
Of course, Money Button is free for small publishers and app platforms to ensure greater access to BCH, while larger publishers and platforms will charge a monthly fee based on traffic or percentage of transactions.
Under the general trend of everything on the chain, BCH continues to expand its application scope with its advantages, which is bound to gain more users’ support. In the future, it is not impossible to become a global demand.