At MedsBase, we’re committed to improving our customers’ experience through innovative solutions. We’re proud to announce the integration of Bitcoin Cash (BCH) as a payment method on our platform, enabling you to purchase essential medications using this convenient digital currency. This blog post will guide you through how this integration works and how you can benefit from this new feature on MedsBase.
Understanding Bitcoin Cash
Bitcoin Cash (BCH) is a cryptocurrency derived from Bitcoin (BTC) with distinct modifications. Often called a ‘fork’ of Bitcoin, supporters argue it better aligns with the original vision of a decentralized electronic cash system outlined in Satoshi Nakamoto’s 2008 white paper.
Key Features of Bitcoin Cash
Bitcoin Cash is a decentralized peer-to-peer electronic cash system that operates without central authorities. It revolutionizes traditional money concepts with these core features:
- Permissionless Access: No central authority controls Bitcoin Cash—it’s open to everyone without requiring approval.
- Pseudonymity: Transactions aren’t tied to identities, ensuring censorship resistance.
- Transparency: All transactions are recorded on a public blockchain ledger, preventing fraud.
- Distributed Network: The blockchain is maintained voluntarily by nodes worldwide.
- Protocol-Based: Changes require consensus among participants following established rules.
- Immutability: Recorded transactions cannot be altered.
- Security: Proof of Work (PoW) mining makes attacks financially impractical.
- Fixed Supply: Capped at 21 million coins, creating digital scarcity.
- Low-Cost Transactions: Enables fast, affordable transfers globally.
Practical Uses of Bitcoin Cash
Bitcoin Cash serves as both a store of value and efficient medium of exchange, supporting global economic freedom through its decentralized nature.
Store of Value:
With its fixed 21 million coin supply and disinflationary issuance schedule (halving every four years), Bitcoin Cash offers predictable scarcity. The most recent halving in 2020 reduced block rewards to 6.25 BCH, with the next scheduled for 2024.
Medium of Exchange:
Bitcoin Cash enables fast, low-cost transactions (typically under $0.01), making it ideal for everyday purchases, remittances, and microtransactions.
Economic Freedom:
As an opt-in monetary system, Bitcoin Cash protects against confiscation, censorship, and inflation, empowering financial independence.
Bitcoin Cash vs. Bitcoin
Bitcoin Cash originated from a 2017 fork over scaling debates. The key difference was block size: Bitcoin maintained 1MB blocks while Bitcoin Cash increased capacity to enable more transactions with lower fees.
Key Differences
Since the fork, Bitcoin Cash has implemented several improvements:
- 32MB block size (vs Bitcoin’s 1MB) enables ~200 transactions/second
- Smart contract support through Cashscript
- No Replace-by-Fee (RBF), making unconfirmed transactions more secure
- Schnorr signatures for efficiency
- Improved difficulty adjustment algorithm
Why Choose Bitcoin Cash on MedsBase?
Bitcoin Cash offers distinct advantages for healthcare transactions:
- Enhanced Privacy: No personal financial information required
- Faster Processing: Transactions confirm in minutes
- Lower Costs: Minimal fees compared to traditional payment methods
How to Pay with Bitcoin Cash
- Visit medsbird.com
- Select your medications
- At checkout, choose “Cryptocurrencies via Plisio”
- Select Bitcoin Cash
- Send payment to the generated address
- Receive confirmation and order updates
Conclusion
Our Bitcoin Cash integration offers you a private, fast, and cost-effective way to purchase medications. We’re committed to simplifying healthcare transactions through innovative solutions. For any questions, our support team is available to assist you.
Source