Why bch is better then btc.

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Avatar for Abubakar...
3 years ago

Bitcoin Cash works better, this is a fact. There is no way that a logical person/business prefers to pay higher fees for a slow unreliable service when there is a cheaper better faster alternative Bitcoin Cash. Try sending $10 worth of Bitcoin and $10 worth of Bitcoin Cash to yourself and see for yourself the difference. But Bitcoin Cash is more than just fast cheap and reliable, it also has many unique advantages over the old Bitcoin. Here are the improvements from Bitcoin Cash.

 

Better Security – BTC has a vulnerability called RBF which increases the risk of double spending. Bitcoin Cash developers aim to make 0-confirmation transactions safe again so that anyone accepting Bitcoin Cash is much safer accepting payments without having to wait for multiple confirmations. This RBF security vulnerability exists only in BTC and not Bitcoin Cash. That's why Bitcoin Cash is more secure as a payment method.

Here is an example of hackers stolen $150000 worth of BTC using the RBF security vulnerability. https://thenextweb.com/hardfork/2019/03/14/double-spenders-scam-150000-bitcoin/

It is super easy to double spend on Bitcoin using the RBF vulnerability. Source: https://news.bitcoin.com/video-shows-how-easy-it-is-to-double-spend-btc-using-rbf/


 

Low Fees – One of the advantages of using cryptocurrencies over traditional payment methods is the low fees. Due to the limited block size of BTC, fees have exceeded over $70/transaction during peak period. On the other hand, I have never paid more than 1 penny/transaction during my entire time in using Bitcoin Cash. This makes using Bitcoin Cash ideal for merchants, businesses, companies and everyday usage. The industries that may be disrupted such as Remittances, Derivatives, Payment Gateways, etc are worth trillions of dollars and Bitcoin Cash is well positioned for use cases in these industries.

 

Improved Scalability – BTC is limited to 1MB block size and even with Segwit activated, the capacity increase is only around 1.7x whereas the upgraded Bitcoin Cash blocks capacity is currently at 32x with no limitations. This means Bitcoin Cash can handle PayPal transactions volume today and be global money after a few more upgrades. Supply Scarcity – During the fork from Bitcoin, some Bitcoin Cash supply were removed from active circulation due to users unable to claim their Bitcoin Cash from unsupported exchanges and wallets among other reasons. This means each Bitcoin Cash is actually more scarce than BTC.

 

Improved Confirmation Times – Due to the limited block size of BTC, some users were made to wait days for their transactions to be confirmed. Contrast this to Bitcoin Cash where transactions may be accepted immediately with less risk and you can see why it makes sense to use Bitcoin Cash. In other words, if you are a shop owner and you just sold a cup of coffee and some sandwiches, and you accept the old BTC, you may have to wait hours for the transaction to be confirmed because the customer may use RBF to void the original payment. With Bitcoin Cash, your risk is minimized.

 

Higher Merchants Adoption - Bitcoin Cash is global money with more than 2,651,820 merchants accepting it. You can pay for your hotels, air tickets, food/drinks, groceries, nightlife, and more with Bitcoin Cash today. Source: https://1bch.com/?action=showBitcoinCashBenefitsFrame

While Bitcoin Cash adoption is growing very quickly every single day, Bitcoin is having declining adoption and if this trend continues then Bitcoin is on a dead end. Source: /r/NotAcceptingBitcoin/top/?sort=top&t=all

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It's really helpful.... It will b good if you to 👍 my article thanks.

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