Even though I need money badly, I still send some to may BCHNostr built-in wallet just so I can send tips to contents that I like or brings value. It's my way of contributing to BCH chain by making transactions not just holding all tips "zapped" that I received.
When you make transactions (zapped) it's a way of helping BCH blockchain generate data that nodes verify and miners bundles it into block which ultimately settles your payment on the distributed ledger.
By sending tips you can help Bitcoin Cash blockchain by:
1. You help incentivize miners because along with the amount we send it also requires a lil transaction fees to process your payment. However, BCH is one of the few coins that has very little to no tx fees. So you can't fee the tx fees.. it's just too small unlike other coins.
2. Network activity and utility. Once you make transactions you are using BCH as digital payment which is it's core value. By sending tips to other users you actively use the network and it increases BCH utility and real-world adoption of the blockchain.
3. Decentralization. If you tip other user, it proves that BCH blockchain remains decentralized and highly scalable as it process your transaction inputs and outputs (UTXO model) across independent nodes.
TIPPING "ZAPPED" OTHER USERS HELPS BCH, so let's practice doing it not just holding it or directly swapping it into fiat (local currency). It's a simple but very effective way of helping BCH adoption.
In case you missed my other post regarding how to be an effective BCHNostr user you can click the link below ๐
P.S if mentioned wrong info please feel free to correct me!
#BCH #BCHblockchain


BCHNostr
BCHNostr โ Bitcoin Cash Social Network
Decentralized social network for Bitcoin Cash. Tip with BCH, trade P2P loans, join audio spaces, and more โ powered by Nostr.


