Does BCH have that potential to overtake BTC in the long run?

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Avatar for Asif_135
4 years ago

Yes

Bitcoin has fundamental scalability issues such as:

- Proof of work mining is using more electricity per transaction than 7 US households per day. There are currently 300,000 transactions a day so if you do the math you can see why this is a massive scalability issue.

- The hard fork was intended to double the storage size of each block that is created on the network, this would help faster transactions occur, doubling the current efficiency.

Now that the fork has been cancelled, many investors are moving their money from BTC into Altcoins, and in particular Bitcoin Cash for the reason that BCH has addressed the scalability issues that the current nodes that control Bitcoin's network fail to address.

What does this mean for Bitcoin?

If Bitcoin does not adapt to the scalability issues that have arisen, it simply will not scale.

Could Bitcoin Cash be the next Bitcoin?

Very potentially, once investors realise that Bitcoin cash addresses these issues, they will put their money into BCH instead of BTC.

Bitcoin cash currently supports 8mb per block instead of 1mb per block (BTC) , this will allow much quicker transactions as it scales.

BTC will eventually fork to upgrade it’s rules, and then destroy BCH, if not then BCH(or another altcoin) will overtake BTC in the long term.

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Comments

never say never, but i think this is be a very hard, BTC Cash is implemented to improve and relax BTC netWork for small transaction, and if they reach BTC we will see some new coin

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4 years ago

Maybe..BTC is going to rule for a long time, thats for sure....

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4 years ago

Very important article.thank you.

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4 years ago

Thanks for your lovely comment dear...😇

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4 years ago

BCH is a very good site for earing

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4 years ago

Yes bro..

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4 years ago

Good article, subscribe upvote like comment back me

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4 years ago

🙂

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4 years ago

🙂

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4 years ago

I have no much knowledge scout crypto currency.so i don't understand properly this topic

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4 years ago

I also have little knowledge about this...

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4 years ago

So when I heard this, I was a little worried, brother

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4 years ago

Hahaha

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4 years ago

I don't understand much about crypto currency but hopefully it's a good news?

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4 years ago

Yes but we have to wait and observe how things work..

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4 years ago

Hey i am here to support u.. Hope u are doling well all of the time. Best wishes.. Thanks so stay with me 😊

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4 years ago

Thanks for your support man...😊

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4 years ago

Thank you so much vaiya eto sundor kore amader maje ei topic ta tule dhorar jonno. Ami to read cash a new asci so ami oto kicu janina. Apnar ei article ta pore btc somporke onk kicu jante parlam

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4 years ago

Apnakeo dhonnobad vaya..

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4 years ago

this one is very important topic to some of us who doesn't know about btc

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4 years ago

Thanks for your appreciation...😇

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4 years ago

welcome

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4 years ago

My pleasure...😇

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4 years ago

Bé, pot ser que tingueu raó, només esperem a veure com va. Mentrestant, tinc alguns articles al·lucinants que és possible que vulgueu compartir amb vosaltres.

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4 years ago

Kisu bujhi nai bro..😅

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4 years ago

Brother, this is a very good topic! Are you a cryptotalk forum member? If yes, please share this topic there as well so that we can discuss it together with many crypto exeprts.

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4 years ago

Unfortunately I'm not...🙂

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4 years ago

Oh. Okay!

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4 years ago

🙂

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4 years ago

Well, you might be right, let us just wait and see how it goes. Meanwhile, I have some mind blowing articles you might want to share your thoughts on. Thanks

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4 years ago

Wow, nice article brother. Thank you very much for your right information. I hope, this information help us.

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4 years ago

I also hope that... thanks for your opinion..

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4 years ago

Thaks for your information.🌹

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4 years ago

Welcome bro..

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4 years ago

I don't know anything brother. but I don't get any points from last 15 days😭

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4 years ago

I'm facing the same problem bro..

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4 years ago

😞😞😞😞

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4 years ago

😒

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4 years ago

Oh i dont know much but how can we help to save the BCH community

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4 years ago

For sure we can...😇

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4 years ago