The emergence of Bitcoin Cash (BCH) marked a pivotal moment in the history of blockchain technology—a direct response to the long-standing debate over Bitcoin’s scalability. Born from a hard fork in 2017, BCH has steadily carved out its identity as more than just a fork, but as a bold reimagining of what digital money should be: fast, affordable, and globally accessible.
While controversy still surrounds its legitimacy among some purists, the progress made by the Bitcoin Cash ecosystem in just a few years is undeniable. From infrastructure development to real-world adoption, BCH has evolved into a robust platform with growing community momentum and technical innovation.
The Foundation of a New Financial Paradigm
At the heart of the Bitcoin Cash movement lies a fundamental belief: Bitcoin was meant to be used as electronic cash, not just a store of value. This vision led to the creation of the Bitcoin Cash Fund, a nonprofit initiative dedicated to channeling donations into projects that expand BCH’s usability and reach. With an ambitious goal of serving one billion users within five years, the foundation underscores the long-term commitment behind the network.
Technical improvements are ongoing. Developers are refining address formats for better usability, fixing transaction malleability issues, and optimizing node synchronization for faster network performance—all critical upgrades that enhance security and user experience.
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Real-World Adoption: From Niche to Mainstream
Contrary to early perceptions that labeled cryptocurrencies primarily as tools for speculative trading or darknet transactions, Bitcoin Cash has begun making inroads into legitimate commerce. Notably, major platforms have embraced BCH:
- Blockchain.com, one of the most widely used wallet services, now supports Bitcoin Cash.
- BitPay, the world’s leading crypto payment processor, has integrated BCH, enabling merchants worldwide to accept it seamlessly.
- Even Coinbase, the largest U.S.-based digital asset exchange, added BCH trading pairs—marking a significant endorsement from mainstream finance.
Additionally, Europe’s veteran exchange Bitstamp launched BCH trading, further solidifying institutional confidence. These developments signal that Bitcoin Cash is no longer on the fringes—it’s becoming part of the global financial infrastructure.
CoinEx: A Bold Bet on BCH’s Future
One of the most striking endorsements came with the launch of CoinEx, the first cryptocurrency exchange to use Bitcoin Cash as its base trading currency. Founded by Yang Haipo—also co-founder of ViaBTC—the platform represents a strategic shift toward building an ecosystem centered around BCH.
When asked why he chose to create a new brand instead of expanding under ViaBTC, Yang explained:
"We’re targeting a global market. Our vision extends beyond fiat on-ramps; we’re building a pure crypto-native exchange focused on efficiency, security, and innovation."
This rebranding wasn't just symbolic—it reflected a deeper philosophical shift. CoinEx operates on the belief that the future of finance lies in peer-to-peer digital asset exchange, unbound by traditional banking systems.
Why Bitcoin Cash as Base Currency?
For Yang Haipo, the decision was both technical and ideological:
“Bitcoin Cash is the better Bitcoin. It fulfills the original promise of Satoshi Nakamoto’s whitepaper—low fees, fast confirmations, and real-world usability.”
He pointed out that legacy Bitcoin (BTC) has become prohibitively expensive for everyday transactions, with fees sometimes exceeding $100 and confirmation times stretching to hours. In contrast, BCH enables micropayments at fractions of a cent, making it ideal for daily use like remittances, cross-border payments, or even retail purchases.
Addressing Volatility and Building Stability
Critics often cite price volatility as a barrier to BCH becoming a true medium of exchange. Yang acknowledges this challenge but remains optimistic:
“BCH is still in its concept phase. Like all emerging assets—from early internet stocks to foreign currencies—volatility decreases as adoption grows.”
He draws parallels with foreign exchange markets, where high liquidity eventually tempers wild swings. As more users and institutions adopt BCH, he believes it will follow a similar path toward stability.
To mitigate short-term risks, CoinEx plans to introduce futures contracts and OTC (over-the-counter) trading, allowing users to hedge against price fluctuations—essential tools for any serious financial ecosystem.
Bitcoin vs. Bitcoin Cash: A Philosophical Divide
Is Bitcoin Cash really Bitcoin?
According to Yang Haipo, yes—if you define Bitcoin by its function rather than its name.
“If we go back to the whitepaper, Bitcoin was designed as peer-to-peer electronic cash. BTC today fails that definition. It's become digital gold—valuable but impractical for daily use.”
In his view, BCH represents an upgrade, much like Ethereum Classic (ETC) preserves the original Ethereum chain after the DAO hack. The naming dispute isn’t technical—it’s political.
“Who decides what ‘Bitcoin’ means? Core developers? Miners? The market? History shows us that network effects matter most. In 1–3 years, I believe BCH will surpass BTC in value and usage.”
Community Power: Decentralization in Action
One key distinction Yang emphasizes is governance. While BTC development is largely influenced by centralized entities like Blockstream and the Core team, BCH’s ecosystem is more decentralized and open.
Multiple independent development teams—including Bitcoin ABC—collaborate while maintaining protocol compatibility. There's no single point of control.
“The real experts—the early builders and cryptographers—are largely supporting BCH,” Yang notes, citing figures like Roger Ver, Gavin Andresen, and even Vitalik Buterin’s past endorsements.
This inclusive model fosters innovation and resilience, aligning closer with crypto’s original ethos of decentralization.
Forks vs. True Innovation
With numerous “forkcoins” appearing—such as SBTC, BCX, BTG—Yang draws a sharp line:
“Bitcoin Cash emerged from genuine community conflict over scalability. Most other forks are copy-paste projects with no real community or purpose—just hype driven by exchanges and influencers.”
True value comes from organic adoption and utility, not artificial scarcity or celebrity endorsements.
Beyond Coffee Purchases: A Global Currency Vision
While “buying coffee with Bitcoin” has become a meme, Yang sees a broader mission:
“We’re building a global settlement layer. Imagine sending money across borders instantly, without banks or fees—like email for money.”
For the 1.7 billion unbanked people worldwide, BCH offers financial inclusion through nothing more than internet access.
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Market Maturity: Beyond the Hype Cycle
Despite concerns about bubbles, Yang argues that 2025 marks a turning point:
“This isn’t 2014. We’re past speculation. Real applications—smart contracts, DeFi, cross-border payments—are driving growth.”
Traditional investors are entering the space, exchanges report massive user growth, and regulatory frameworks are emerging—signs of maturation.
Frequently Asked Questions
Q: Is Bitcoin Cash just another altcoin?
A: No. Unlike most altcoins created from scratch, Bitcoin Cash originated from a hard fork of Bitcoin itself. It shares Bitcoin’s history up to August 1, 2017, and maintains core cryptographic principles while improving scalability.
Q: Can Bitcoin Cash handle large-scale adoption?
A: Yes. With larger block sizes (up to 32MB), BCH can process significantly more transactions per second than BTC, reducing congestion and keeping fees low even during peak usage.
Q: Why do some people reject Bitcoin Cash?
A: Much of the resistance stems from ideological loyalty to BTC’s brand and resistance to change. Some believe small blocks enhance security—a claim debated within the community.
Q: Does using BCH require technical expertise?
A: Not at all. Modern wallets make sending and receiving BCH as simple as scanning a QR code. User-friendly interfaces are rapidly improving accessibility.
Q: Will Bitcoin Cash replace Bitcoin?
A: While coexistence is likely in the short term, proponents believe BCH’s superior usability will drive long-term dominance as practical needs outweigh branding inertia.
Q: How does CoinEx benefit from using BCH as base currency?
A: By aligning with BCH early, CoinEx positions itself as a pioneer in the next generation of crypto-native finance. If BCH achieves widespread adoption, CoinEx stands to gain immense network value and user loyalty.
The journey of Bitcoin Cash is far from over. What began as a controversial split has matured into a full-fledged vision for digital money—one rooted in accessibility, utility, and decentralization.
As global financial systems evolve, Bitcoin Cash continues to prove that innovation thrives not in stagnation, but in bold rethinking.
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