5 Best Cryptocurrencies to Invest In For Beginners in 2022 According to Reddit

4. Bitcoin Cash

Bitcoin Cash is essentially an updated version of Bitcoin, the most popular cryptocurrency in the world today. Some of the benefits that it offers over the parent coin is that transactions are faster, cheaper, and more reliable with Bitcoin Cash. It was launched in 2017. It is also the closest alternative to Bitcoin. As the price of Bitcoin climbs, many investors are looking for alternative investments in the crypto space. Regular network updates to meet demand help keep the Bitcoin Cash blockchain secure. 

Bitcoin Cash is what some in the crypto world call a “hard fork” of the original coin. It was formed when not all the people on the original Bitcoin network agreed to a set of updates to the original blockchain, thus creating a spinoff coin. Other examples of hard forks of Bitcoin include Bitcoin Gold and Bitcoin Diamond. Hard forks usually don’t work well with the original software and updates are needed to be installed for seamless integration.