Gatehub BCH is a token presented by Gatehub on the XRP ledger, with its value securely tied to Bitcoin Cash (BCH). Bitcoin Cash (BCH) represents a peer-to-peer electronic cash system designed to establish itself as a robust global currency. It emphasizes swift payments, minimal transaction fees, enhanced privacy, and the utilization of larger block sizes. Bitcoin Cash operates as a permissionless and decentralized cryptocurrency, eliminating the need for trusted third parties.
Bitcoin Cash emerged as an alternative to the original and most valuable cryptocurrency, Bitcoin (BTC). In 2017, BCH developers introduced modifications to the BTC code, resulting in their software version and a fully competitive product. This event marked the split of Bitcoin into two distinct blockchains: Bitcoin and Bitcoin Cash. The hard fork that gave rise to Bitcoin Cash stemmed from differences within the community regarding Bitcoin's scaling and the SegWit upgrade. Furthermore, another hard fork in the fall of 2018 divided Bitcoin Cash into two factions, known as Bitcoin ABC and Bitcoin SV.
The scaling debate revolved around two opposing sides: proponents of smaller blocks were concerned that increasing block size could centralize the blockchain and heighten vulnerability by making it more challenging to host full nodes. On the other hand, advocates of larger blocks sought a swifter solution, fearing that rising transaction fees could impede the cryptocurrency's growth.
It's important to clarify that Gatehub BCH is a pegged representation of the original Bitcoin Cash. These pegged issuances, including Gatehub BCH, are tokens that can be exchanged for a fungible asset, such as USD, EUR, GBP, gold, or other cryptocurrencies, on their respective native networks.
Although anyone can issue a crypto asset, it's essential for individuals or organizations to trust that the issuer can redeem it for the underlying asset if they want to accept payment in that asset. GateHub is one such organization that has gained the trust of its users.
Gatehub BCH and other XRPL tokens that are pegged provide a valuable means of gaining exposure to the asset, as well as a decentralized blockchain-based tool for the transfer of value.
Who Are the Founders of Gatehub?
Enej Pungerčar is the founder and CEO of Gatehub. GateHub is a platform for the Internet of Value, built on XRP Ledger protocol. It allows everyone to send, receive, trade and manage any type of assets.
What Makes Gatehub Unique?
Gatehub is a decentralized exchange running on top of the XRP ledger that offers various innovative features, including wallet protection and stablecoin issuance. Its user-friendly interface is easy to understand, enabling users to send money through email and even international wire transfers.
The Gatehub wallet provides support for not only XRP and over 100+ XRPL IOU tokens but also has multi-currency capabilities, enabling users to send and receive payments from any supported network. With the ability to instantly exchange assets using the best rates provided by multiple sources, Gatehub ensures the best possible exchange for its users.
Wallet Protect is a service provided by GateHub, a cryptocurrency wallet and exchange platform. It is a yearly paid subscription that provides protection for cryptocurrency stored in a user's wallet by making the wallet a "multisignature" or "multisig" wallet. Transactions are signed by multiple keys, increasing security and allowing for easy recovery in case of emergency. Wallet Protect also includes Fraud Shield, which scans destination addresses through fraud checks to help prevent losses of funds, and Theft Cover provided by Coincover, which provides up to $100k of coverage in case of theft. Wallet Protect users also receive a personalized certificate confirming their coverage level and protection.
Gatehub Transfer Fee
Gatehub's current policy on BCH tokens on the XRP ledger includes a transfer fee of 0.3%. This indicates that whenever BCH tokens are moved on the XRPL, a fee of 0.3% is charged on the transferred amount.
Read more about: Gatehub
Learn more about: Gatehub Ecosystem.
How Many Gatehub BCH Are There in Circulation?
There is an initial maximum supply of 1,291 BCH tokens, of which an estimated 1,291 BCH are currently in circulation as of Semptember 2023. Check out Gatehub.net to learn more.
Where Can You Buy Gatehub BCH?
Gatehub BCH is a token trading on the XRP ledger DEX, the most straight forward way to acquire BCH tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase Gatehub BCH, Bitrue is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset.
How to stay tuned for further updates?
If you wish to receive more updates about the Gatehub ecosystem and any upcoming events, we suggest you follow @GateHub on Twitter.