Bitcoin Cash vs Bitcoin :
Bitcoin Cash is thus able to process transactions more quickly than the Bitcoin network, meaning that wait times are shorter and transaction processing fees tend to be lower. The Bitcoin Cash network can handle many more transactions per second than the Bitcoin network can.
Will bitcoin cash overtake bitcoin in the near future?
Definitely Yes.
Bitcoin has fundamental scalability issues such as:
- Proof of work mining is using more electricity per transaction than 7 US households per day. There are currently 300,000 transactions a day so if you do the math you can see why this is a massive scalability issue.
- The hard fork was intended to double the storage size of each block that is created on the network, this would help faster transactions occur, doubling the current efficiency.
Now that the fork has been cancelled, many investors are moving their money from BTC into Altcoins, and in particular Bitcoin Cash for the reason that BCC has addressed the scalability issues that the current nodes that control Bitcoin's network fail to address.
Bitcoin Cash price prediction
Cryptocurrencies are renowned for their volatility, and they’re also highly complicated assets influenced by myriad internal and external factors. Before buying any cryptocurrency, it’s crucial that you conduct a balanced assessment of the issues that could potentially contribute to a growth or decline in its value.
If you’re thinking of buying BCH, consider the following:
What could drive Bitcoin Cash’s growth?
Scalability problems with bitcoin. Bitcoin Cash was created to offer an alternative to bitcoin’s increasing transaction wait times and fees. If these scalability issues continue to create problems for bitcoin, this could be good news for Bitcoin Cash.
Miners shifting from BTC to BCH. Bitcoin Cash is much more lucrative for miners than bitcoin, so if this prompts more miners to switch from BTC to BCH then this could lead to further growth for BCH.
Links with bitcoin. BCH’s shared history with bitcoin means it’s closely linked with the biggest cryptocurrency in the world. This creates trust with investors and also suggests that this is a coin built on a strong platform.
Supply. Just like bitcoin, Bitcoin Cash has a total supply of 21 million. Consider the impact this limited supply could have on the coin’s value before you buy.
Availability. BCH is listed on a wide range of exchanges and also supported by several crypto wallets. This ease of access gives the coin credibility and is an important factor when determining the demand for a currency. You can also find a list of sites and merchants that accept Bitcoin Cash at the Accept Bitcoin Cash Initiative.
