Bitcoin Vs Bitcoin Cash: Who wins?

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Avatar for Hooman
Written by
3 years ago

There was a long debate between Bitcoin and Bitcoin Cash for years. After hearing the clubhouse wherein Kim Dotcom explains why he choose BCH over BTC, I've made a little digging about this two currencies.

A little means, this is just the tip of an iceberg.

Bitcoin versus Bitcoin Cash

In the cryptocurrency universe, no doubt that Bitcoin holds the number one spot, but Bitcoin not the sole star in the crypto scene right now. Bitcoin Cash is one of the cryptocurrency that can pose a competition to Bitcoin..

Bitcoin

Bitcoin was launched in 2009 by a mysterious man with a pseudoname Satoshi Nakamoto. It was created to be a decentralized peer-to-peer electronic cash using the blockchain technology. Bitcoin is not governed by any single identity because of its decentralized infrastructure. All transactions are recorded in a decentralized immutable, and encrypted blockchain ledger. Becuase of this, the transactions are much safer than the traditional fiat money transfer.

A major drawback arise when Bitcoin gains popularity. Because of its restricted 1MB block size limit, it becomes insufficient to manage the heights of daily transactions in the network causing delays on trasaction and higher transaction fees.

This problem gave birth to Bitcoin Cash, a coin that can solve the scalability issue of Bitcoin.

Btcoin Cash

A coin with a better scalability was introduced in 2017 which is Bitcoin Cash througha hardfork. It was launched with an 8mb block size to facilitate more transactions. Now, the blocksize was further scaled to 32Mb .

Bitcoin Cash was designed to handle more transactions that enables faster transaction. With this scaling, Bitcoin Cash transaction fees became more economicl than Bitcoin.

Bitcoin versus Bitcoin Cash: Who wins?

Bitcoin and Bitcoin has been great in their own aspects. But with the cryptocurrency world gaining more popularity as time goes by and with more people are entering the crypto world, we could expect a heavy traffic on Bitcoin network. Now, people will turn into a coin which has increased scalability to handle heavy blockchai traffic which is Bitcoin Cash. And one more thing why I believe that people will choose Bitcoin Cash in the ling rub is because of its cheaper transaction fees.

Bitcoin might remain as the king of crypto right now, but with Bitcoin Cash continous developement and adoption, it will clearly take a strong position on the cryptocurrency world.

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Avatar for Hooman
Written by
3 years ago

Comments

for is BCH because easy fast transaction

$ 0.00
3 years ago

Hi Hooman,

I am not a tech person, so I have a question. If BCH gets very popular like BTC, will BCH will have a similar problem even though the block size was changed to 32 times bigger than BTC? I am curious if the transaction fees of BCH will remain as low as possible like now after more and more people start using BCH. The scalability problem is a very interesting topic for all of us.

$ 0.00
3 years ago

No. As a matter of fact. We have more daily transactions tha BTC right now. Fees are still cheap

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3 years ago

easy to use bch wallet nice articles good

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3 years ago

You were tagged as a spam. Maybe because your comments is not related to the article.

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3 years ago

how original article

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3 years ago