BTC Scalability sucks while game changer for the other(BCH)
NEED FOR BCH ADOPTION,
In order to support the adoption rate of cryptocurrencies for everyday transactions, to begin with, a network needs to demonstrate its capability to handle a certain amount of transactions without processing issues and delays beyond doubt. Secondly, the network needs to provide credibility that it will be able to handle a growing amount of transactions in the future. This is what “to scale up” a network means - to increase in size, capacity and consequently, in security. On the other hand, BTC needs to provide sufficient incentives to miners in terms of transaction fees to keep them engaged and competitive.
Therefore, network speed and security are the two prevailing factors that determine the reputation of a payment network. Consequently, the present infrastructure of cryptocurrency networks will need to be expanded in a suitable way like BCH to absorb increasing transaction volumes along with an increasing number of users.
BTC deterioration in terms of scalibility
As more users adopted Bitcoin, the network essentially bottlenecked. Bitcoin started to encounter its scaling problem around 2015 and two camps emerged to address it: those who favored small-block solutions, and those who favored large-block solutions.
Simply put: Big blocks are faster, but sacrifice decentralization because fewer nodes are able to process large blocks. Small blocks are slower, but maintain the key advantages of decentralization and security because more nodes can join and maintain the network. Speed and decentralization essentially exist on a spectrum, so the more you have of one, the less you have of the other.
Segregated Witness wasn’t an adequate solution to Bitcoin’s scalability problem. As a response to the deficiency they saw in SegWit, Bitcoin Cash was created and designed to pack 8MB of data into each block and to process 116 transactions per second on average.
FINAL WORDS
Bitcoin Cash is settled using a larger block size to process transactions more quickly.
These transactions are quick enough that you could make a grab-and-go retail purchase with BCH
KUDOS to everyone for reaching out here
With thanks.,