Published 5 years ago on June 08, 2018
âSignificantly, if miners choose to accept some transactions with zero mining fee, this further encourages more Bitcoin Cash transaction usage. If free transactions are possible, miners will have freedom to set more fee level ranges, from zero to small amounts. Users will have more choice about how much (if anything) they wish to pay for sending a BCH transaction, depending on the speed they want. This fosters a healthy competitive fee marketplace among miners, which will keep fees low for users and support BCH growth.âImplications of these updates are simple. This will encourage more people to invest their involvement within Bitcoin Cash, through its new transparency and of course through a reduction in costs associated with low value transactions, a problem that is certainly hampering Bitcoin Cashâs strive for adoption. In turn, this will encourage new investment, new mining levels, increased trading volumes and of course, more people holding the currency for the long term. Overall, this really does promise to not only drive Bitcoin Cash closer to the mainstream, but it will no doubt in turn, force the value of Bitcoin Cash upwards, if only through the organic nature of the crypto markets. As it stands, we have no official release dates for these changes, but we do expect the changes to be made fairly soon. The results of this wonât be clear straight away, but in good time, we should expect to see, at the very least, a huge surge in the mainstream population and adoptability of Bitcoin Cash.