As of mid-July 2017, Bitcoin included a mining pool representing about 80-90% of computing power and a technology known as an individual witness to the company, called SegWit2x. SegWit2x needs to be processed in each transaction, and it needs to be connected to an extended block by removing the signature information from the block, verifying the small information in each block. Signature data The data processing in each block is estimated to account for up to 65%, so this is not a trivial technical discipline. BlockFrom 1MB is expected to double the size of 2MBL by November, and is expected to. It will also create some ways to improve the scale of Bitcoin. In mid-October, Bitcoin scientists at Bitcoin Unlimited reported that they had dug the world's first 1GB block, 1,000 times larger than normal size.
Bitcoin Cash is a different story. Bitcoin Cash Bitcoin Mines and developers are equally concerned about the future of cryptocurrencies and the ability to scale effectively This person had their objections about adopting a separate witness technology, though. They felt that although SegWit2x did not solve a fundamental problem of scalability in a meaningful way, it did not follow the roadmap introduced by Satoji Nakamoto, the first leftist party that first proposed blockchain technology behind cryptocurrencies. In addition, the process of introducing SegWit2x as a road was somewhat but transparent, and there were concerns that its role was to reduce currency decentralization and democratization.
On August 1, some miners and developers started what is known as a hard fork, effectively creating a new print: Bitcoin Cash. Bitcoin Cash has implemented a growing block size of 8.7 millimeters, speeding up the verification process at a regular stage that is inconvenient to ensure the survival of the chain and the speed of transaction verification, regardless of the number of mines supporting it. It has expressed concern over the security of Bitcoin cash.
The future of cryptocurrencies:
This development could be anything for the future of cryptocurrencies. The situation is very fluid, and market prices are both constantly calibrating and volatile. It’s going to be hard to get a clear picture until Bitcoin Cash has been running for a short time (or failed), and Bitcoin applied its separate testimonial technology later this month and doubled its block size three months later.
In a blog post titled "Cryptocurrency Debate: Future of Money or Spectral Hype?" Thinking of their technology as a “medium of transaction and acting accordingly” depends on cryptocurrency developers. Both of these measures seem to work towards advancing cryptocurrency technology as a medium of exchange.
Improving cryptocurrency as a medium of transaction requires maintaining a high level of security that Bitcoin has always ensured, speed. Bitcoin will remain extremely secure, but it is not clear how much its transaction speed will improve. Bitcoin Cash, once its difficulty has been adjusted, the transaction process can take up to two minutes and 30 seconds. The security of the bitcoin cash blockchain is unclear though.
It will depend on the mine and the users, attitude to the currency. If Bitcoin really falls into the decentralized nature of the network, and blockchain technology has the potential to be democratic, people may look elsewhere for cryptocurrencies with more exciting potential.
Thank you so much from the bottom of my heart @georgedonnelly sir for setting my goal with Bitcoin Cash and encouraging me to think of something new.
Yes both bitcoin cash and bitcoin mines are all after the future 9f crypto currency I totally agree with your point buddy