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.
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