When it comes to Bitcoin Cash, there is a lot of controversy surrounding its legitimacy. While some believe that it is a legitimate cryptocurrency, others believe that it is nothing more than a scam. So, what is the truth? Is Bitcoin Cash legit or not?
Bitcoin Cash was created in August 2017 as a fork of the Bitcoin blockchain. Its purpose was to provide a more scalable and faster version of Bitcoin.
Since its launch, Bitcoin Cash has become one of the top 5 cryptocurrencies in terms of market capitalization.
Free Bitcoin Cash is not necessarily a legitimate and safe way to get Bitcoin. While some websites may offer free Bitcoin Cash, they may be scams or even illegal. Be sure to research any site that is offering free Bitcoin Cash before providing any personal or financial information. Additionally, always use two-factor authentication when signing up for any online service that involves the use of cryptocurrencies.
However, not everyone is convinced that Bitcoin Cash is legitimate. One of the biggest criticisms is that its creation was nothing more than a ploy to benefit those who owned Bitcoin at the time of the fork.
There are also concerns about its centralization, as a small number of miners control a large percentage of the network.
Despite these criticisms, there are many who believe that Bitcoin Cash is a legitimate cryptocurrency. They argue that it has made significant improvements to the scalability and speed of Bitcoin, and that its centralization concerns are overblown.
Overall, whether or not you believe that Bitcoin Cash is legit is ultimately up to you.