Bitcoin Vs Bitcoin Cash : A Comparative Analysis

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Avatar for Walter12
3 years ago

Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split into two cryptocurrencies: Bitcoin Cash and Bitcoin SV.

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.

  • Bitcoin is limited by transaction processing time, an issue which has caused rifts between factions within the bitcoin mining and developing communities.

  • Bitcoin Cash was started by bitcoin miners and developers concerned about the future of the bitcoin cryptocurrency, and its ability to scale effectively.

What is Bitcoin cash used for?

One of the more common answers to the question "what is Bitcoin Cash?" is that the main purpose of Bitcoin Cash is to be used as a payment system. This means that, just like the original Bitcoin client, people can send and receive funds.

Is it smart to invest in Bitcoin right now?

There is an abundance of positive sentiment around Bitcoin right now. Some investors compare Bitcoin to gold as a potential store of value as it increases in relative worth against both the U.S. dollar and gold. ... The price of this crypto asset should rise as demand outstrips supply, and total supply is capped.

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Avatar for Walter12
3 years ago

Comments

Nicely explained

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3 years ago

Bitcoin Cash is sometimes also referred to as Bcash

Only Bitcoin Cash haters cals Bitcoin Cash this way and here you can read why:

https://medium.com/@jonaldfyookball/why-some-people-call-bitcoin-cash-bcash-this-will-be-shocking-to-new-readers-956558da12fb

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3 years ago

Oh sorry ! I don't know that . Thanks for sharing the link .

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3 years ago

That's why I pointed it out to you. Read Jonald's article carefully.

You have written:

just like the original Bitcoin client

Bitcoin Cash Client is also an original Bitcoin client. Even more original than Bitcoin Core Client. Bitcoin Core introduced a soft fork in 2017 (called SegWit). SegWit is not included in the original Bitcoin client. Bitcoin BTC is therefore less similar to the original Bitcoin from 2009 than Bitcoin Cash. Except that most people don't know it.

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3 years ago