BITCOIN CASH (BCH)
Bitcoin Cash is another story. Bitcoin Cash was initiated by Bitcoin miners and developers interested in the future of digital currencies and powerful scalability. However, these people expressed skepticism about using the SegWit2x witness separation technique, not meaningfully solving the underlying problem of scalability, and it appears Satoshi Nakamoto, the first anonymous person. That proposes blockchain technology for cryptocurrency Did not follow the project originally described In addition, the SegWit2x introduction process is not transparent and some are concerned that suggesting it will undermine decentralization and democratization of currencies.
In August 2017, some miners and developers launched a hard fork to create a new currency BCH. BCH has its own blockchain and canonical chain, as well as a very significant difference from Bitcoin. The BCH introduced an 8MB increase in block size to accelerate. Validation process with adjustable difficulty levels to ensure the survival of the chain and transaction validation speed regardless of the number of miners.
As a result, Bitcoin Cash is able to process transactions faster than the Bitcoin network, which reduces wait times and generally reduces transaction processing fees. The Bitcoin Cash network can process more transactions per second than the Bitcoin network, however. Faster transactions can save time. One problem that may arise with the larger block sizes associated with BCH is that it may compromise the security of the Bitcoin network. Bitcoin is still the most popular digital currency in the world, and it is also the largest cryptocurrency. The best by market capitalization, so BCH users will find their real-time and usability lower than Bitcoin.
BITCOIN (BTC)
In July 2017, mining groups and companies that account for about 80% to 90% of Bitcoin computing power were voted through a technology called SegWit2x, which would reduce the amount of signature data to be verified on each block. Block of information to be processed for each transaction The signature data is estimated to account for 65% of the data processed in each block, so this is not a slight technical change.
In 2017 and 2018, the story of doubling the block size from 1 MB to 2 MB has increased, and since February 2019, the average Bitcoin block size has increased to 1,305 MB, surpassing the previous record. However, by January 2020, the block size will drop to an average of 1MB 4A.Larger block sizes help increase the scalability of Bitcoin.A study published by the BitMex cryptocurrency exchange in September 2017 found that SegWit usage has increased its size block and keep technology adoption rate constant.
The debate over scalability, transaction processing, and blocking did not just stop leading to a split of Bitcoin Cash. For example, in November 2018, the Bitcoin Cash network received its own hard fork, which resulted. Giving a new Bitcoin derivative product called Bitcoin SV Satoshi Nakamoto made changes to Bitcoin SV in the Bitcoin White Paper to promote scalability and fast transaction speed while still maintaining Bitcoin's original vision.
Bitcoin Cash was initiated by Bitcoin miners and developers concerned about the future of Bitcoin digital currency and its scalability.
Bitcoin block limit is 1MB, while BCH block is 8MB.
Bitcoin is limited by the time it takes to process transactions.This has caused discord between groups within the Bitcoin mining community and the development community.
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