Bitcoin cash Versus Bitcoin

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Avatar for adereign
2 years ago

Today i wanted to explain why i want to invest in bitcoin cash more then bitcoin.

In the last few months there has been a hard fork of bitcoin into two different coins. Bitcoin cash is one of them and the other is called bitcoin. This new hard fork has been selling very well as a product on amazon like crazy. I have ordered both products as you can see below and will do a review of the both products soon enough.

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I personally think the idea of bitcoin cash is better then bitcoin. The reason why is because Bitcoin is having issues with scaling their network to handle a lot of transactions at once. They have to pay higher fees to have a transaction processed faster and it's taking longer to process transactions.

Here's what i think about each coin and why i think bitcoin cash will win over bitcoin in the long run.

Bitcoin was the original currency in the world of cryptocurrency. But it is not the only one anymore. For example, Bitcoin Cash is a new version of Bitcoin and it was born in August 2017 after a fork from the original Bitcoin blockchain.

The Bitcoin Cash fork came from a growing dispute between developers who wanted to change Bitcoin's code to allow for more transactions to be processed in each block, and those who wanted to keep the status quo.

Yup, you heard right. Bitcoin vs Bitcoin Cash is something that a lot of people are talking about currently and it's important to understand why this is happening.

Even though both coins have their own unique features and characteristics, there are some fundamental differences between both coins.

The main difference between the two coins is the size of their blocks. The block size on Bitcoin is 1MB while the block size on Bitcoin Cash is 8MB. Bitcoin Cash grew from the original blockchain because all the community members got together and decided that since the volume and transfer speed of Bitcoin was getting slower, they would create a hard fork which means that they would split from the original blockchain.

The main reason for increasing the block size was to allow for more transactions to happen at once and process them faster, this meant that more people could use the coin which in turn would make it more valuable.

The future of both coins is still unknown although one thing that we are all sure about is that both coins will remain as cryptocurrencies on the market.

To my wonderful and extreme subscribers, inspiring readers, commentator, upvoters and also my generous sponsors . Thank you all so much for been there, from the bottom of my heart I say thank you. Adereign cares.

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Avatar for adereign
2 years ago

Comments

I think Bitcoin cash will overtake Bitcoin... As you say d Bitcoin has higher charges.. That's why I don't like getting paid with Bitcoin in wallet that are not exchanges because of the fees attached to Bitcoin... But when I use exchange to receive my bitcoin I can easily convert to any other coin without stress...

Nice write up you have made

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2 years ago