You might be thinking, why am I calling Bitcoin Cash a replacement for Bitcoin?
Every new thing or crypto is bound to be better then the previous one, if made with that specific goal in mind.
Here are the reasons.
Bitcoin Mining Limit
Block Size
Faster Mining Speed
Better Coin Design 😜
Bitcoin Mining Limit
Almost every cryptocurrency has a mining limit (Amount of cryptocurrency that could be mined before is runs out). Which can be changed, but Bitcoin has a fixed mining limit which is 21 Million. This can't be changed because the founder of bitcoin Satoshi Nakamoto, just up and vanished (Will he make a comeback. A topic for another time). As of February 24, 2021, 18.638 million bitcoins have been mined, which leaves 2.362 million left to be mined. After that we could not mine more Bitcoin.
Block Size
Every crypto has a Block Size. The block size of Bitcoin is 1 MB whereas Bitcoin Cash block size is 8 MB which makes it faster to mine, More transactions per minute. Larger blocks can carry more transaction information. Second advantage of bigger block size, is that the transaction fees is lowered due to fast transaction.
Faster Mining Speed
Because of larger block size then Bitcoin. You can mine Bitcoin Cash Much Faster the Bitcoin. Bitcoin can only make 7 transactions per second, Whereas Bitcoin Cash can make 116 transactions per second.
Better Coin Design 😜
Just look at these two,
Didn't meant to show Bitcoin Cash superior to Bitcoin.
Totally agreed