What is BCH? What is BTC? What is Matic Coin?
With the rising fame of Bitcoin Cash (BCH), the world of investors has become more inclined to buy and popularize Bitcoin Cash. The total supply of BCH is, just like Bitcoin’s supply, — 21 million coins. The circulating supply of Bitcoin Cash is estimated as 91% of the maximum supply, whereas, with Bitcoin, it makes 90%.
The new coin was an answer to Bitcoin’s blockchain slow pace of transaction processing.
Bitcoin Cash thus is capable of faster transactions running on the blockchain and allowing the reduction of transaction fees.
What else is special about Bitcoin Cash?
- Easy peer-to-peer payment between users
- Transaction settlement takes place nearly instantly with no regard for the physical location of its participants
- Potential for making micro-transactions for everyday user needs
- While Bitcoin doesn’t support smart contracts, BCH runs them to enable more complicated functions and achieve better privacy.
As you can see from the features, Bitcoin Cash and Bitcoin are quite different and only share the name. Coins also choose different visions of the directions for moving on: for example, Bitcoin Cash was initially created with 8MB block size but has eagerly expanded it by 4x. It also introduces newer hard forks and other novelties to let this currency be available for cash-like use.
So, Is Bitcoin Cash (BCH) the New Bitcoin?
Truth be told, Bitcoin Cash holds more opportunities and is more scalable than Bitcoin in terms of functions. Bitcoin Cash, in other words, supports everything that Bitcoin lacks. Despite this, the two coins can co-exist peacefully, and Bitcoin will never be replaced by any altcoin and here is why.
Bitcoin is already a trusted brand and the father of all other digital coins. It has its own well-formed group of admirers, who are ready to invest in it alone. So, the conclusion is that BCH won’t replace Bitcoin but will just remain a nice alternative.
How to Swap Bitcoin Cash for Bitcoin?
If you already have some altcoins and are chasing the old and good Bitcoin, it makes sense to check out a few reliable platforms for exchange. There are many good tools like LetsExchange.io that let you convert BCH to BTC.
and back, as well as 370 crypto tokens more.
At LetsExchange.io, you will also enjoy:
- Best fixed and floating exchange rates
- Improved security
- Live price tracking tools
- Time-efficient use with no registration
- All 370 coins and tokens are validated
- Automatic exchanges and no places for errors
The service is non-custodial, so you are the only one who manages your assets.
What coins are available for purchase at the platform? All the most used cryptocurrencies, including Ethereum, Bitcoin, Litecoin, Dash, Ripple, Monero, Cardano, Polygon, Dogecoin, Zcash, and a number of others.
Check out how to perform MATIC exchange here with the help of LetsExchange and track its price to choose the right moment for exchange.
The simplified exchange scheme includes several steps.
Step 1. Find the exchange widget on the website.
Step 2. In the ‘You Send’ field, select MATIC coin and indicate the amount.
Step 3. In the ‘You Get’ field, choose the coin you want to purchase.
Step 4. Type the receiving wallet address and click ‘Let’s Exchange’.
Step 5. Send the exchanged crypto to the stated deposit address.
That’s all! Funds will arrive in your wallet automatically. After that, you can download a receipt and continue trading.
