Bitcoin Cash (BCH): Get Updated on what it is and how to Earn it for free.

Just as people use search engines very often to find ‘how to make money online’, from time past till now, finding ways to earn cryptocurrency income online has become increasingly popular around the world too. Bitcoin (BTC) is popular as a leading cryptocurrency however this piece is for BTC Cash which some often confuse as BTC. Bitcoin Cash (BCH) is a cryptocurrency as well, which was borne from a split in mid-2017.

Facts that project the emergence of BCH

There was a constant rise in fees on the bitcoin network which birthed a movement by some in the community to create a ‘hard fork’. In a bid to increase bitcoin’s block size limit the said community/ group of developers prepared a code change. The change is called a hard fork.

Before BCH was formally introduced, in July 2017 Roger Ver and some members of the Bitcoin community unanimously felt that adopting BIP 91 without increasing the block-size limit favored people who wanted to treat Bitcoin as a digital investment rather than as a transactional currency. Bitcoin users had maintained a common set of rules for the cryptocurrency since its inception until a month before the split. According to Wikipedia, ‘a group of bitcoin activists, investors, entrepreneurs, developers, and largely China-based miners were unhappy with the proposed SegWit improvement plans for bitcoin meant to increase capacity.’

The group definitely wanted the upgrade to cover the use of cryptos in both digital investment and transactional currency capacity. This resulted in a further push for alternative plans of the split of the bitcoin ledger called the blockchain and the cryptocurrency. Bitcoin cash emerged and just as the proposed split had aimed, the number of transactions its ledger could process was increased to eight megabytes. In theory, it allows the processing of more transactions per second. Technically, Bitcoin Cash currently allows larger blocks in its blockchain than bitcoin; this marks the difference between the two.

When put in relation to bitcoin it is a clone or a second version of bitcoin, an altcoin or something else but BCH is first globally regarded as a cryptocurrency and a payment network.

The Notable numbers

On 1 August 2017, Bitcoin Cash began trading at about $240, while Bitcoin traded at about $2,700 then. People who had originally held Bitcoin had to sell off the Bitcoin Cash they received at the hard fork. Sometime in November of the same year when BCH was as high as $900, the sell-offs resulted in the price falling to $300. Another notable price fluctuation of BCH was on 20 December 2017 when it reached an intraday high of $4,355.62 and then fell 88% to $519.12 on 23 August 2018. Since those two highs BCH trading price has been hovering below $400 for quite a while now and as at the time of this writing sits at $392 dollars on the live data chart.

Ways to Earn BCH for free

Today the adoption of cryptos has become widespread despite hitches, controversies and conflicting stances on its uses and regulation in different parts of the world etc. Of course, there are businesses that accept payment in cryptos already, hence one can sell products or services as well and get paid in BCH, but the end game here is to highlight ways one can earn BCH for free online asides selling products or services. Many employers and marketplaces have job offers and tasks that pay in cryptocurrencies there are many different ways to earn cryptocurrencies for freelance work and other types of online interaction.  We’ll get on to the few reliable ways we know.

Online Tasks

Marketplaces online now allow users to earn bitcoin cash for completing various tasks. Two notable ones are Taskopus and Lazyfox which are similar to popular mainstream freelance task site Fiverr.  Lazyfox offers tasks like beta testing video games or even bug reporting for a BCH (bitcoin cash) reward. The Taskopus decentralized marketplace allows its community to pay each other in bitcoin cash for carrying out desktop-based tasks as well. For anyone with a narc for legit cyber-related activities, online tasks and bounty hunting would be a very lucrative way to earn BCH online. There are several active bounties online via bitcoin’s official site including one that currently offers up to 408.6356 BCH, worth $166,306 at press time. They definitely require relevant skills but the cashing out pay is worth it.

Sharing and creating Content

This is another popular way to earn bitcoin cash.  For one who’s sociable and good at creating or sharing content online is the way forward.  One can earn bitcoin cash tips from other users by posting original content for free on some platforms. There are examples like Twitter-like Memo.cash and the censorship-resistant Honest.cash which offers additional ways to earn the cryptocurrency more than the other. Users will post different original content which can be read by anyone and these users’ votes will be used to increase popularity. Popular content and those who first discover it will earn more because it costs a small amount of BCH to upvote other people’s posts. The payment goes to early voters and the content creators. Mainstream social networks like Twitter and Reddit with the aid of  Tipprbot, also tip with bitcoin for great content on their platforms.

Bitcoin Cash Faucet

A cryptocurrency faucet like BCH Faucet pays its users in exchange for watching ads with small amounts of digital currency. The crypto faucet is a popular way used to introduce the world of digital currencies to those who don’t have prior knowledge. These platforms earn through revenue from advertisement hence they give a share of that back to its users for watching them.

Whatever other methods there are including these would require that one has a cryptowallet for BCH as the Wallet Address will be needed to collect whatever earnings one makes. We can earn BCH for just doing things we already do online.

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Credits – Rachael Odhiambo, Wikipedia, Kelvin Helms

 

 

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