Bitcoin Cash vs. Bitcoin | The Pros and Cons

0 7
Avatar for Munawarktk
3 years ago

Bitcoin’s Value

Satoshi’s message embedded into the first Bitcoin block provides a clear motivation for the creation of a decentralized currency. “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” After the 2008 banking collapse and subsequent bailout with taxpayer money, clearly, Satoshi was fed up with government and banking control of currency.                                                          

Bitcoin Cash’s Value


Bitcoin Cash hard forked from Bitcoin to increase the block size from 1mb to 8mb, allowing for more transactions in each block. They believe their approach is more closely aligned with the true vision of Satoshi. It is worth noting that after Satoshi secretly implemented the 1mb cap on block sizes, he said: “We can phase in a change later if we get closer to needing it.” Satoshi predicated that with an increase in internet speed and a decrease in storage cost, the block size could eventually be increased without sacrificing decentralization.

Thanks for reading!!!

1
$ 0.00
Avatar for Munawarktk
3 years ago

Comments