Since Bitcoin and bitcoin cash was established. There have been questions surrounding bitcoin's ability to scale effectively. Since Bitcoin is mostly used by alot of people; the speed up of transactions have reduced. The problem with blockchain technology in the Bitcoin network is that it is very slow. Currently, there are seven transactions in the Bitcoin network process per second; here, the network of Bitcoin owners increase the transactions become longer and as we all know"business is business". There are business partners online making transactions, when the process is delayed it tends to slow down the business involved.
Ongoing debates around Bitcoin technology have been concerned with the central problem of increasing the speed of transaction process. Well,there are two solutions to solve this problem though it is a growing menace.
Making amounts of data that needs to be verified in each block smaller hence creating more transactions which are cheaper and.....
the second requires making blocks of data bigger so that more transactions can be made.
There evolved Bitcoin cash🤑, out of these solutions. Now, bitcoin cash solved some problems concerning the transactions of Bitcoin.
__BITCOIN VS BITCOIN CASH___
1. Bitcoin is limited when it comes to online transactions. This issue created a lot of problems within the Bitcoin mining and developing communities.
2. Bitcoin cash was started by bitcoin miners and developers concerned about the future of Bitcoin cryptocurrency and it's capability to scale effectively.
3. While bitcoin blocks unlimited are limited to 1MB, Bitcoin cash blocks are up to 8MB.!
bitcoin contributions have immensely helped to speed up the process of Bitcoin transactions, making business smoother. Bitcoin cash is thus,able to process transactions more quickly than the Bitcoin network, meaning that the waiting times are shorter and transaction processes and fees are also lower. The BCH can handle more transactions per second than the Bitcoin can.
What are you waiting for? It's time to use Bitcoin cash for the betterment of smooth transactions.🤑🤑🤑.
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