Bitcoin and Bitcoin Cash Defined;
Generally speaking this BTC and BCH are both kinds of cryptocurrency. A cryptocurrency is a digital currency, this can be use to buy and sell goods using online platform ledger which contains a strong cryptography in order to secure each and every online transactions. There are a lot of cryptocurrency traded publicly, these includes the topic of this article. For your information, although I think most of you are already aware of it but for the sake of those who do not know, "crypto" are being operated through a technology called blockchain, a decentralized kind of technology in the computer that can manage and analyze transactions.
Bitcoin (BTC), as we all know is a virtual currency where we can use it as a substitute to our current currency nowadays, in fact some of us may consider it as our form of currency in the near future yet we need to consider of course that a currency always needs stability to sustain the economy. However not all shops allowed or accept bitcoin and there are other countries which banned bitcoin totally, but then again because of its influence some companies are beginning to appreciate it. Note that bitcoin is not exactly what you can see in the picture because each one contains a code inside them and that gives its value, without it your coin is worthless.
*Did you know that Bitcoin was created by Satoshi Nakamoto in 2009, using this digital currency, transactions can be made without a middleman which means there's no need for banks.
Now there are three main ways to get bitcoins, first is you can buy using real money, sell things for Bitcoin in return or it can be created by the computer. As of now, Bitcoin obtain the 1st chair for the best cryptocurrency in terms of market capitalization reaching $969.6 billion as of February 18, 2021.
Bitcoin Cash (BCH) on the other hand, is just like bitcoin however there are differences of course, the first one and perhaps the most obvious, BCH market capitalization is far lower as compared to BTC reaching $13.1 Billion as of February 18, 2021. Another difference Of BCH from BTC is its capability of adjusting its difficulty of about 600/ seconds or every blocks as compared to Bitcoin which adjust for only once every 2016 blocks. Furthermore BCH has its's own blockchain and is created through BCH mining and said to be the hard fork of the Bitcoin network and is being originated since August 1,2017.
The good thing about BTC and BCH is you can exchange funds virtually from/to anybody around the world unless it is banned from a certain places or countries, another thing is that, no need for financial intermediaries or no banks needed in short to settle the transactions from one merchant to another, hence the absence of any amount for charges fees.
Since BCH block is bigger than BTC block to the fact that it reaches almost eight times larger than it predecessors, BCH is indeed more faster, cheaper and of course more ascendable than BTC. Hence more people can make transactions with one another in BCH blockchain at any given time thus BTC also starting it's eagerness to adopt these changes.
Another good characteristics of BCH is it's capability to adjust it's block size from 8MB in it's starting point and increase even further as of today unlike BTC that limits it's block size to 1MB only.
Despite of the advantages of BCH it is still considered as newly born crypto that means its in the stage of capturing, realizing and building its own place in the cryptocurrency market but because BCH has addressed the uprising issues of BTC, it makes and allows people at least some perhaps more to use BCH withe ease and lower fees. Hence the speculation of some that it might conquer and become the dominant crypto in this industry in the future.
