Vince Dioquino

BitPrime brings Bitcoin Cash to New Zealand

Ranking among the largest and most easily-accessible cryptocurrency exchanges in the Pacific, BitPrime has recently brought greater accessibility to fast, low-cost micropayments via Bitcoin Cash (BCH) to New Zealand. With an easy-to-understand interface, the exchange promises to “take the hassle out of buying and selling bitcoin.”

In a post, BitPrime said they have opted to integrate with Bitcoin Cash because it brings digital money to the world, “fulfilling the original vision of Satoshi Nakamoto” of a cryptocurrency designed as a “peer-to-peer electronic cash”. With this kind of practical technology, BitPrime believes that “users, merchants, and payment gateways are empowered with low fees and reliable confirmations.”

Poised to take over the crypto world with its practical utility, Bitcoin Cash opens the cryptocurrency space to unlimited growth, global adoption, permission-less innovation, and decentralized development. With the advent of new security features such as replay protection via signature hash, improved hardware wallet defenses, as well as the elimination of quadratic hashing issues.

New developments in cryptographic software for Bitcoin Cash now allows miners to migrate from the legacy Bitcoin, or SegWit1x (BTC) chain through responsive Proof-of-Work difficulty adjustment algorithms. This provides more stability for the Bitcoin Cash network, what with new inroads such as proposed block size increases being made with the prominent cryptocurrency’s technical aspects.

Perhaps what’s peculiar with Bitcoin Cash is that it differs from most cryptocurrencies with the way it is used. For crypto enthusiasts in New Zealand, Bitcoin Cash presents a practical way to make payments online sans the hassle and gatekeeping that corporate entities such as Blockstream aim to surround ordinary users with.

Currently undergoing decentralized development, Bitcoin Cash is resistant to political and social attacks such as those exemplified by the aforementioned corporation. With the BCH network, development is committed without a single “core” group or project claiming hierarchy over others. Coordination across development teams is done with consensus and open communication. Fear, uncertainty, and doubt are ineffective strategies when it comes to undermining a network built with a passionate community.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.